Hyderbad has emerged as a center for the nation's informationtechnology business activity, "which has created an urgent need forworld-class office space and housing to meet the requirements ofmultinational corporations," says Katherine Farley, senior managingdirector of Tishman Speyer.
The development consortium includes ICICI Venture and NagarjunaConstruction Co. The development manager is TSI Ventures, apartnership of Tishman and ICICI Venture formed in 2005 with theexpress purpose of investing in India.
In addition to the Tellapur project, TSI Ventures is developing1.6 million sf of class A office space in Hyderbad's CBD, wherecompanies such as Microsoft, UBS, Computer Associates, FranklinTempleton and Infosys already have set up shop.
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