Phase 2.1 of WaveRock IT park project in Gachibowli, Hyderabad, was inaugurated on 15 July, 2014. The project is part of the larger IT/ITes SEZ promoted by Telangana State Industrial Infrastructure Corporation (TSIIC).
WaveRock Phase 2.1 was developed with an investment of Rs 200 crore. The building has 17 floors of IT office space and four floors of parking. It will add about seven lakh square feet of IT work space.
WaveRock Phase 2.2 was also launched at the event. The new phase will be developed with an investment of Rs 250 crore.
Tishman Speyer, a co-developer of the project, will invest over Rs 1,050 crore in the WaveRock project. Once completed, the total area of WaveRock will be over two million sq ft.
The first phase of the WaveRock IT Park was launched in 2010.
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