The massive investment comes within four days after Amara Raja Batteries announced on December 2 that it would invest around Rs 9,500 crore over 10 years to set up a lithium battery Giga factory in Mahbubnagar district.
Updated – Tue, 12/6/22 at 5:49pm
Hyderabad: Continuing its good run as an investment magnet, Telangana will soon see CapitaLand investing Rs 1,200 crore to build a 36 MW data centre. The company also announced plans to double its office space in the city over the next five to seven years, with a potential investment of Rs 5,000 crore. IT and Industry Minister KT Rama Rao said the cumulative investment in data center and office space projects will amount to Rs 6,200 crore.
The massive investment comes within four days after Amara Raja Batteries announced on December 2 that it would invest around Rs 9,500 crore over 10 years to set up a lithium battery Giga factory in Mahbubnagar district.
“Very pleased to announce that @CapitaLand is investing in a data center with a capacity of 36 MW in Hyderabad, planning to invest Rs 1,200 crore in development and deployment by the end of 2024,” he announced on the Weibo platform.
The company signed a memorandum of understanding with the Telangana state government on Tuesday.
In addition to this, CapitaLand said it will also double the size of its current Hyderabad office in the next five to seven years. “It is also good to know that CapitaLand will be doubling its current office space of 6 million sq ft in Hyderabad in the next 5 to 7 years with a potential investment of over Rs 5,000 crore. Looking forward to seeing their expansion in the city grow,” Rama Rao further declared.
CapitaLand is one of the largest diversified real estate groups in Asia. Headquartered in Singapore, CapitaLand’s portfolio focuses on real estate investment management and real estate development, with operations in more than 260 cities in more than 40 countries. Within its ecosystem, CapitaLand has also developed an integrated set of investment management and operational capabilities to support its real estate business and platform, according to its portal.
