CapitaLand Investment Limited (CLI) has started its operations for the first phase of the newly redeveloped International Tech Park at the IT hub of Madhapur, Hyderabad. This comes right after the company’s announcement of receiving the lease commitments from global corporations for the entire space. The company also commenced the development of its 40 MW data centre on the campus. The new facility was formally inaugurated by K T Rama Rao, Minister for Municipal Administration and Urban Development, Industries and Commerce, and Information Technology, Electronics and Communications, Telangana.
CapitaLand India Trust (CLINT) is expected invest in the complete redevelopment of the International Tech Park Hyderabad, which is expected to be completed in phases over seven to ten years. Upon completion of all the phases, the company will have 4.9 million square feet (sq ft) of office space, which would be capable of housing over 50,000 IT and IT-enabled professionals.