Mindspace Reit pre-leases 5.3 lakh sq ft to Chalet Hotels in Hyderabad

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28 Home / Companies / News / Mindspace Reit pre-leases 5.3 lakh sq ft to Chalet Hotels in HyderabadMindspace Reit pre-leases 5.3 lakh sq ft to Chalet Hotels in HyderabadK Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28Mindspace Reit said the addition of a high-end hotel would enhance the campus’s premium positioning and long-term competitivenessPrachi Pisal Mumbai 2 min read Last Updated : Feb 25 2026 | 11:47 AM ISTListen to This Article Mindspace Business Parks Reit has pre-leased a 5.3 lakh square feet building at its Mindspace Madhapur campus in Hyderabad to Chalet Hotels for the development of a luxury hotel. The project involves an investment of Rs 350 crore and is expected to be completed by the fourth quarter of FY28. The mixed-use development, predominantly a hotel, will be undertaken through Mindspace Reit’s asset special purpose vehicle, K Raheja IT Park (Hyderabad) Limited (KRIT). It will comprise a 330-key luxury hotel along with ancillary commercial space, subject to final design approvals and statutory clearances. Mindspace Reit said the addition of a high-end hotel would enhance the campus’s premium positioning and long-term competitiveness. The move is also aimed at diversifying the tenant mix across global capability centres (GCCs), information technology-enabled services (ITeS), and sectors such as technology, pharmaceuticals, oil and gas, data centres and hospitality. Mindspace Madhapur is Hyderabad’s largest grade A integrated business campus, spanning over 13 million square feet of IT and ITeS office space. The campus already houses two Westin-branded hotels and an Inorbit Mall.Also Read Stocks to Watch today, Feb 24: BPCL, IDFC First Bank, Vi, Mobikwik, M&MHow Hyderabad biryani chains probe exposed ₹70,000 cr tax evasion scamHyderabad strengthens role as MNC hub for AI, life sciences and GCC growthFunding woes of Metros: Expansion continues, PPP model needs recalibrationpremium₹30 lakh a night: Luxury hotel rates soar as Delhi awaits global AI elitepremium “This development reflects our strategy of creating long-term value by strengthening the ecosystem within our existing business parks through high-quality, complementary uses,” said Ramesh Nair, Chief Executive Officer and Managing Director, K Raheja Corp Investment Managers, which manages Mindspace Business Parks Reit. “By partnering with Chalet Hotels, we are combining our development and asset management capabilities with a proven hospitality platform. The long-tenure structure with built-in escalations provides meaningful revenue visibility, while the addition of luxury hospitality further enhances the attractiveness of Mindspace Madhapur for occupiers,” Nair added. Under the agreement, KRIT will develop and deliver the core and warm shell structure, while Chalet Hotels will undertake interior fit-outs and operationalise the hotel and associated facilities. Mindspace Reit said the structure ensures a clear delineation of responsibilities and supports efficient execution. Chalet Hotels, the hospitality arm of K Raheja Corp, is a listed owner, developer and operator of high-end hotels in India, with a portfolio of over 3,300 keys.More From This SectionChevron sells Venezuelan oil to Reliance for first time since 2023Meta to buy AMD AI chips in $100 bn deal with option for 10% stakeEris Life partners Natco Pharma to launch semaglutide generic in IndiaBalkrishna Ind enters consumer tyre market; eyes ₹23K cr topline by FY30Unlisted Gems 2026: Reliance Retail leads as top 100 firms earn ₹8.9 trnTopics : Chalet Hotels Hyderabad luxury hospitalityDon't miss the most important news and views of the day. Get them on our Telegram channelFirst Published: Feb 25 2026 | 11:47 AM IST