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, serving as a key anchor within the State’s flagship Bharat Future City vision. The project carries a proposed investment of ₹117 crore and reflects the State’s focus on attracting high-value hospitality and tourism investments.
Bharat Future City is envisioned as a smart, future-ready urban hub near Hyderabad, integrating residential, commercial, industrial, educational, healthcare, and recreational zones. Designed as a sustainable, net-zero city, it aims to blend modern infrastructure with global connectivity and high-quality urban planning. The Yacharam hospitality project forms an integral component of this framework, contributing to the city’s aspiration of becoming a vibrant centre for business, leisure, tourism, and wellness.
A premium hospitality and wellness destination in the making
The development will feature a 150-key premium hotel supported by two Food & Beverage outlets and a dedicated 18,500 sq. ft. Wellness Centre. It also includes 20 branded luxury villas with sale and lease-back options. Designed to align with international hospitality standards, the project is expected to create more than 300 direct and indirect employment opportunities over the next two years, accelerating Yacharam’s evolution into a high-potential hospitality and wellness destination.
Vision aligned with Telangana’s long-term growth
Expressing gratitude, Ritesh Mastipuram, Founder and Managing Director, 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 will facilitate all necessary project clearances through the Single Window Mechanism, enabling expeditious approvals and seamless execution. With this support, Ridhira Group will now pursue formal agreements and prepare a Detailed Project Report outlining phased development and operational frameworks to ensure timely and structured delivery.
