IT-SEZ in Hyderabad gets ₹1,150-cr funding infusion
Varde Partners has invested over ₹1,150 crore in Hyderabad-based Phoenix Group's two upcoming information technology special economic zone (IT-SEZ) projects in Gachibowli. Both the projects, with a total 3 million sq ft development are located in Gachibowli financial district and are situated within a half a km radius. The construction work in the projects is currently in full swing. Phoenix Centaurus is a tower spread over 2 million sq ft across 17 large office floors adjacent to Microsoft's operational campus in the city, while Phoenix Aquilla will have a total 1 million sq ft development next to Amazon's operational campus. The global investment flowing into these under development SEZ projects indicates the resilience and strong confidence shown by international investors in the Indian office market. Prior to this, Phoenix Group has entered into a partnership with global entities such as CapitaLand, Xander and Lake Shore for its other projects. The total development of 3 million sq ft in both these IT parks is pre-committed to tenants like ZF Technologies and Micron Technologies.
📅Published on:
25 March 2021
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
