Telangana and Ridhira Group join hands to develop premium hospitality project in Yacharam
Signing Ceremony-20
The development will feature a 150-key premium hotel, that also includes 20 branded luxury villas with sale and lease-back options.
The Government of Telangana (GoT) and Ridhira Group formalised a Memorandum of Understanding at the Telangana Rising Global Summit 2025 for the development of a premium branded hospitality project in Yacharam, which aims to serve as a key anchor within the state’s flagship Bharat Future City vision. The project carries a proposed investment of INR 117 crore and reflects the state’s focus on attracting high value hospitality and tourism investments.
The development will feature a 150-key premium hotel supported by two food and beverage outlets and a dedicated wellness centre of 18,500 sq. ft. It also includes 20 branded luxury villas with sale and lease-back options. The integrated project is aimed at aligning with international hospitality standards and is expected to generate more than 300 direct and indirect employment opportunities over the next two years, strengthening Yacharam’s emergence as a high potential hospitality and wellness destination.
Expressing gratitude, Ritesh Mastipuram, Founder and Managing Director of Ridhira Group, said, “We are honoured to formalise this commitment with the State and to reinforce our long-term vision. This MoU marks a significant milestone in our journey to redefine luxury wellness hospitality in Telangana. With the Government’s proactive support and a structured roadmap for implementation, we are committed to building a landmark destination that will enhance Telangana’s position on the global tourism and wellness map.”
The Government of Telangana reported facilitating all necessary project clearances through the Single Window Mechanism, ensuring expeditious approvals and seamless execution. The State, through this mechanism, will support timely execution, and Ridhira Group will now pursue formal agreements and prepare a detailed project report, detailing phased development and operational frameworks to ensure timely and structured delivery.
