K Raheja Corp's relationship with Hyderabad runs deeper than a single residential launch. Founded in 1956 by Chandru Raheja, K Raheja Corp has built a multi-decade presence in this city across commercial, residential, retail, and sustainability verticals — making Hyderabad one of the four cities central to the group's national strategy.
Hyderabad plays a vital role in Mindspace REIT's portfolio, with a total leasable area of 14.1 million square feet — representing 43.7 per cent of the company's overall portfolio. That scale positions K Raheja Corp not as a visiting developer but as one of the city's structural anchors in commercial real estate.
Mindspace Madhapur is Hyderabad's largest Grade A business park, spanning 97.2 acres, and has been instrumental in establishing Madhapur as the city's central business district. The park is LEED Gold certified and functions as an SEZ and IT Park situated at the epicentre of technological development in Madhapur.
The tenant roster reads like a cross-section of global corporate India. Buildings within the campus host Thomson Reuters India, AMD India, and J.P. Morgan India, while other towers count Qualcomm India, HSBC Electronic Data Processing India, Amazon Development Centre India, and Verizon Data Services India among occupiers. A standout feature is an integrated skywalk connecting the adjacent metro station to all buildings, enhancing pedestrian mobility and reducing last-mile travel.
Rents in Madhapur have demonstrated consistent growth, with a compound annual growth rate of approximately 4.5 per cent between 2016 and the first nine months of 2023. Active redevelopment is continuing: the 1A-1B redevelopment, encompassing 1.3 million square feet, is slated for completion by mid-2026, while the 1.6 million square feet 7/8 redevelopment is on track for completion by the first quarter of 2027.
Beyond Madhapur, K Raheja Corp installed one of the largest solar rooftop plants in Telangana at Mindspace Business Park in September 2016, with a total installed capacity of 1.6 MW. Mindspace REIT is also India's first real estate entity to commit to both the EV 100 and RE 100 initiatives of the Climate Group.
The group's residential arm, K Raheja Corp Homes, entered Hyderabad's residential market through Nacharam in the city's east. KRC Homes launched Raheja Vistas at Nacharam, Hyderabad — establishing a gated-community footprint in a locality that sits at the junction of Hyderabad's industrial heritage and its emerging residential belt.
K Raheja Corp Homes serves as the group's dedicated residential subsidiary, focusing exclusively on premium and luxury housing. With over four decades of experience, the division has delivered more than 10 million square feet of residential space through upwards of 30 projects, providing homes to over 8,500 families.
Raheja Vistas Elite is positioned as the final and most ambitious chapter within the Raheja Vistas community. The project is developed through K Raheja Corp's group entity and is registered with the Telangana Real Estate Regulatory Authority (TSRERA). Tower G carries TSRERA registration number P02200003151, Tower H is registered under P02200003083, and Tower I under P02200003087.
Spread across approximately 26 acres, the development offers 3 BHK residences ranging from 1,565 to 1,770 sq ft. Earlier phases include 148 units across 10 floors with unit sizes ranging from 1,145 to 1,655 sq ft, catering to a range of family configurations.
What sets K Vistas Elite apart within its own campus is a package of bay windows, a ready clubhouse, and spacious balconies offering dual views of the central landscape and the city skyline. Residents have access to a swimming pool, indoor games room, open lawn, amphitheatre, tennis and badminton court, and a banquet hall.
Effective 1 February 2024, the residential business of the project's promoter entity was transferred on a going-concern basis to K Raheja Corp Real Estate Private Limited (KRCREPL), which continues to develop Raheja Vistas Elite without disruption.
Nacharam is an established residential and industrial locality in the eastern part of Hyderabad, surrounded by sub-localities such as Mallapur, Habsiguda, and Tarnaka. Its positioning gives residents straightforward road access to both Secunderabad in the north and the expanding IT corridor through the Outer Ring Road.
The Outer Ring Road is easily accessible from Nacharam, facilitating smooth travel to other parts of the city and to Rajiv Gandhi International Airport. For metro commuters, Habsiguda Metro Station on the Blue Line is within 3 km, connecting residents to Secunderabad Railway Station in approximately 20 minutes. Delhi Public School is approximately 2 km away, Osmania University is 7 km, and Prasad Hospital is 2 km from the site.
As of June 2026, property rates in Nacharam average around Rs 8,150 per sq ft, positioning the locality as a mid-range market with room for appreciation as infrastructure matures. Nacharam has seen strong real estate growth in recent years, supported by its proximity to IT hubs and industrial areas.
A buyer evaluating K Raheja Corp in Hyderabad benefits from understanding the group's track record outside Telangana as well. Projects like Raheja Vivarea at Mahalaxmi and Raheja Artesia at Worli in Mumbai have placed the group among the documented builders of ultra-luxury residential product in India. In Bengaluru, the Raheja Vivarea project in Koramangala, spanning 8.25 acres with nine towers and 300 premium apartments, was projected to generate Rs 1,700 crore in revenue.
In early 2025, K Raheja Corp acquired a 5.75-acre plot in Mumbai's Kandivali East for Rs 466 crore, planning a high-end residential redevelopment to capitalise on suburban demand. These acquisitions and launches across cities reflect a group that continues to deploy capital in residential product rather than retreating from the segment.
K Raheja also runs Inorbit Mall, which is present in Hyderabad, Mumbai, and Vadodara, giving the group a retail-lifestyle presence in the city that complements its office and residential footprint — a relatively rare combination for a single developer in the same urban market.
Mindspace Madhapur has received the British Safety Council's Sword of Honour and Five-Star Rating, Platinum LEED O&M certification across 10 buildings, and LEED Gold O&M across 5 buildings. K Raheja Corp signed a memorandum of understanding with the CII-Green Building Council to construct green buildings back in 2007, giving their sustainability commitments a verifiable timeline that predates most developers' current green marketing claims.
The design philosophy of K Raheja Corp Homes emphasises the creation of self-contained, gated communities that integrate comprehensive lifestyle amenities to foster sustainable and convenient urban living. At K Vistas Elite in Nacharam, that philosophy translates into a campus-scale development where daily requirements — recreation, greenery, security — are contained within the project boundary rather than outsourced to the surrounding locality.
