ICICI Venture and Tishman Speyer's 50:50 JV, TSI Ventures, in consortium with Nagarjuna Constructions Company Private Ltd won a bid for allotment of a 400-acre plot for development of integrated township at Tellapur, Hyderabad. The township will be a mix of commercial and residential complexes as well as recreational space and would come along the proposed Outer Ring Road.

Tellapur Township will rise on land three miles from Hyderabad's CBD and include a total of 20 million sq ft primarily Class A residential and office components and associated retail, civic and cultural amenities. When completed, the development is expected to be home to more than 30,000 people and will provide office space for some 35,000 jobs. Upon completion, it is expected to be the country's largest integrated township and the first of its kind under a public-private partnership. Key management personnel, including globally renowned architects Pei, Cobb, Freed & Partners have been identified for the project and progress is underway on it.