Allianz-Shapoorji intends to sell its stake in Hyderabad's IT SEZ

09 May 2023 CW Team

A JV between the Allianz Group and the Shapoorji Pallonji Group company is trying to exit roughly 2.5 million sq ft IT SEZ property Waverock in Hyderabad for around Rs 2,000 crore.

Apple, Accenture, and TCS are among the tenants at the building. Several institutional investors have expressed interest in the property.

The property was acquired by Allianz-Shapoorji's JV in 2019 from previous joint owners Singapore's sovereign wealth fund GIC and New York-based developer Tishman Speyer.

“The interest shown to acquire the asset indicates the confidence global institutional investors have in the Indian commercial real estate growth story. Income- producing commercial assets have proved to be a major draw for most of the global institutional investors that are active in India or are keen to invest here,” said Sankey Prasad, chairman, Colliers.

Tishman Speyer's IT SEZ, built in two phases, can house 20,000 professionals and is located near Hyderabad's financial district at Gachibowli.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..