Chalet Hotels Ltd, a prominent hospitality company under the K Raheja Corp group, has given the green light to develop a 330-room luxury hotel in Madhapur, Hyderabad. The board of directors approved the project on February 23, 2026, marking a significant expansion of the company’s footprint in the city’s commercial hub. The development will also include approximately 36,255 square feet of retail and commercial space, designed to cater to the growing demand in the area. The project will be executed on a warm shell lease basis, with the company serving as both developer and operator.
The total investment for the project is estimated at ₹632.8 crore, which will be funded through a combination of internal accruals and debt financing. This strategic funding approach allows the company to manage capital efficiently while pursuing ambitious growth plans. The hotel is expected to become operational by FY2029, positioning it to serve both business and leisure travelers in one of Hyderabad’s most dynamic neighborhoods. Madhapur has emerged as a key commercial and IT corridor, making it an attractive location for premium hospitality offerings.
Chalet Hotels Ltd operates as a developer and asset manager of hospitality properties across India, with a portfolio that includes several luxury and upscale hotels in major metropolitan areas. The company’s decision to invest in Hyderabad reflects confidence in the city’s economic growth and expanding corporate presence. The addition of retail and commercial space alongside the hotel rooms demonstrates a mixed-use development strategy aimed at maximizing the property’s potential and creating a comprehensive destination for visitors and residents alike.
The project represents one of the larger hospitality investments announced for Hyderabad in recent months, underlining the city’s status as a preferred destination for hotel developers. With completion targeted for FY2029, the development timeline spans approximately three years from approval to operational readiness. The warm shell lease model adopted for this project allows for customized interior development while maintaining structural efficiency. The project’s scale and investment size position it as a significant addition to Hyderabad’s luxury accommodation landscape.
