It Parks

CapitaLand India Trust unlocks ₹1,103 cr via divestment of IT park assets

CapitaLand India Trust will divest CyberVale in Chennai and CyberPearl in Hyderabad for Rs 1,103 crore at a 3% premium to valuation, its first exit since 2007 listing

India's tech capital, Bengaluru, still has no answer to rain woes

The city received about 103 millimetres of rainfall over the past 24 hours, according to reports by the India Meteorological Department

What is Hyderabad University land row & why are Congress and BRS fighting?

The High Court for the State of Telangana will hear the case around 400 acres of land near Hyderabad Central University on Wednesday, and the legal battle is expected to continue

CapitaLand announces Rs 450 cr investment in new IT park in Hyderabad

CapitaLand Group, a real estate investment and development company headquartered in Singapore, has announced a Rs 450 crore investment to develop a state-of-the-art 1 million square foot IT park in Hyderabad. The announcement was made following a high-level meeting in Singapore, attended by Telangana Chief Minister A Revanth Reddy, IT Minister D Sridhar Babu, state officials and senior CapitaLand executives, including CapitaLand India Trust Management Pte. Ltd CEO & ED Gauri Shankar Nagabhushanam, according to an official release on Sunday. Chief Minister Revanth Reddy welcomed the investment decision and described it as a milestone in reinforcing Hyderabad's position as a leading business and technology hub. The upcoming project is part of CapitaLand's broader development pipeline in Hyderabad. This new project will cater to the increasing demand from Global Capability Centers (GCCs) and blue-chip companies seeking premium facilities, it said. Gauri Shankar Nagabhushanam said: ..

Govt exploring the possibility of setting up dedicated space parks

Move may be key to achieving Centre's goal of $11 billion space-related export by 2033

Tata Power, Keppel team up for sustainable cooling solutions in India

The collaboration, the company added, will focus on high-demand environments such as airports, IT parks, Special Economic Zones, data centres, and other industrial and commercial properties

CapitaLand India Trust to buy 1 mn sq ft IT park in B'luru for Rs 1,226 cr

CapitaLand India Trust (CLINT) has agreed to acquire 1 million square feet IT park in Bengaluru for Rs 1,226 crore.

AdaniConneX launches 'Chennai 1', a 17 Mw data centre in Sipcot IT Park

The 'Chennai 1' campus hosts Tamil Nadu's first pre-certified IGBC Platinum Rated data centre, and will be powered with up to 100% renewable energy

CM Stalin announces Rs 600-cr IT park in Madurai to build a tech hub

To make Madurai a technology hub, an information technology park would be set up here at a cost of about Rs 600 crore, Tamil Nadu Chief Minister M K Stalin said on Friday. Addressing the southern regional MSME meet here, Stalin said the park would be set up by the State-run TIDEL in association with the Madurai Corporation. "This IT park will be operated and administered by TIDEL. The park will be set up in two phases in Madurai's downtown Maatuthavani." In the first phase, the IT park would come up on a 5-acre campus. In the second phase, park would be expanded to 5 more acres. The park would provide top-class infrastructure amenities and lead Madurai region to economic growth. "In the first phase, we expect 10,000 people to get job opportunities.

IT parks, posh villas top list of stormwater drain encroachers in Bengaluru

The Bengaluru civic agency has identified several illegal structures that have come up on stormwater drains, which had recently caused severe flooding in parts of the city, particularly information technology (IT) corridors and arterial roads. The anti-encroachment drive echoed in the state assembly as well. Speaking in the House on Wednesday, Karnataka Chief Minister Basavaraj Bommai reiterated that there will not be any discrimination in the drive to free illegal occupants of stormwater drains. According to an Assistant Executive Engineer (Stormwater Drain-Mahadevapura zone) of the BBMP, Bagmane Techpark, Wipro, and Purva Paradise have encroached on drains across various survey numbers of Mahadevapura zone, which bore the brunt of the rain fury. Real estate firm RBD was another encroacher which occupied drains in Junnasandra, Halanayakanahalli and Doddakannahalli, as per the list, along with 'Ecospace' in Bellandur and Gopalan Group in Hoodi and Bellandur, the AEE stated. Bellan

Smartworks leases tech park in Bengaluru; aims Rs 1,000 revenue in 2022

Smartworks' revenues have increased three-fold, and it aims to reach the Rs 1,000 crore revenue milestone in 2022

Tamil Nadu plans new airport in Hosur industrial belt: Industries Minister

The Tamil Nadu Industrial Development Corporation Ltd (TIDCO) has been directed to undertake a study on the air traffic and its growth in surrounding regions, market demand and potential sites

Equinix to invest $9 mn to acquire land parcel in Chennai for expansion

In Asia-Pacific, Equinix currently has 52 IBX data centers in key metros across Australia, China, Hong Kong, India, Japan, Korea and Singapore

Kerala IT sector to see Rs 6,000 cr investments in two years: IT Park exec

Once the key projects are completed, Kerala's IT sector will create a minimum of 125,000 direct jobs in the state in the next seven years

Tata Realty buys out Actis in Mumbai IT park for undisclosed sum

It's an all-cash deal; sources said Actis held 26% share in the property whose value is about Rs 1,200 crore

Govt looking to monetise possible IT parks, SEZs developed on PSU land

Developing long-term, revenue-generating resources by using such idle assets will help create more value than by disposing them of at low valuations

Ascendas India to buy 1.65 mn sq ft at Bengaluru IT Park for Rs 1,441 crore

Ascendas India Trust will acquire 1.65 million sq ft area at an IT park in Bengaluru for an estimated deal value of Rs 1,441 crore, according to a statement

Andhra Pradesh mulling mega IT park in Visakhapatnam

Andhra Pradesh Industries Minister Mekapati Goutham Reddy on Friday directed officials to explore the viability of establishing a mega IT office complex

Software technology parks of India to develop IT Park in Gorakhpur

The IT Park would earmark 20% space for start-ups to promote and encourage start-up ecosystem in the state