Rising Global Summit 2025: Telangana, Ridhira Group Sign MoU for Premium Hospitality Project

(From left) Jayesh Ranjan Spl CS YACT, Ramakrishna Rao, Chief Secretary Telangana State, ⁠Jupally Krishna Rao, Minister for Excise and Tourism, ⁠A Revanth Reddy CM, ⁠Ritesh Mastipuram, Founder & Managing Director, Ridhira Group, ⁠Philip Logan, Group President, Ridhira Group, ⁠Jai Simha, ⁠Kranthi V TGTDC MD and Director Tourism

Hyderabad, December 11, 2025: The Government of Telangana and Ridhira Group have formalised a Memorandum of Understanding at the Telangana Rising Global Summit 2025 for the development of a premium branded hospitality project in Yacharam, which will 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.

Bharat Future City is envisioned as a smart, future-ready urban hub near Hyderabad, integrating residential, commercial, industrial, educational, healthcare, and recreational zones. It aims to be a sustainable, net-zero city that combines modern infrastructure, global connectivity, and high-quality urban planning. The Yacharam hospitality project forms an integral part of this framework, contributing to the city’s vision of creating a vibrant hub for business, leisure, tourism, and wellness.

The development will feature a 150-key premium hotel supported by two Food and Beverage outlets and a dedicated Wellness Centre of 18,500 square feet. It also includes 20 branded luxury villas with sale and lease-back options. The integrated project is designed to align 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, 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, 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.

The project aligns with the Bharat Future City framework, the Telangana Tourism Policy 2025 to 2030 and the State’s long-term Vision 2047. It is positioned to contribute to regional economic activity and strengthen Telangana’s positioning in luxury hospitality and wellness tourism.