Hotel Launch
K Raheja, IHG to Open Holiday Inn Express & Suites in Powai This Year—₹1,800 Crore Dual Hotel Complex
K Raheja Corp's hotel subsidiary Saryu Properties & Hotels is developing a dual-brand hospitality complex in Mumbai's Powai with InterContinental Hotels Group (IHG), featuring Holiday Inn Express & Suites alongside a Voco hotel and large convention centre. The ₹1,800 crore project, now in final development stages, is slated to open in 2026.
| Project Name | Holiday Inn Express & Suites Mumbai Powai (dual hotel complex with Voco) |
|---|---|
| Developer | Saryu Properties & Hotels Pvt Ltd (K Raheja Group subsidiary) |
| Location | Powai, Mumbai |
| Project Type | Dual-brand hotel complex with convention centre |
| Total Room Keys | Approximately 300 keys |
| Facilities | 13 meeting rooms, 4 food and beverage outlets, multiple event spaces, expansive lawns |
| Project Value | ₹1,800 crore approximately |
| Status | Under development; pre-opening puja ceremony held March 28, 2026 |
| Expected Opening | 2026 |
| Operator | InterContinental Hotels Group (IHG Hotels & Resorts) |
Project Overview and Development Status
K Raheja Corp, through its hotel subsidiary Saryu Properties & Hotels, has signed hotel management agreements with InterContinental Hotels Group (IHG) to develop two upscale hotels in Mumbai's Powai area. The hospitality development, valued at approximately ₹1,800 crore, includes a dual-hotel complex and a large-format convention centre with approximately 300 keys, 13 meeting rooms, four food and beverage outlets, expansive lawns, and multiple public and event spaces.
The project, being developed under Saryu Properties & Hotels—managed by Nikhil K Raheja—held its pre-opening puja ceremony on 28 March 2026, attended by Maharashtra Chief Minister Devendra Fadnavis. The development is expected to open in 2026 and will be integrated with surrounding urban infrastructure to support demand from domestic and international visitors.
Product Type and Amenities
The development will integrate two hotel brands within a single property, following a dual-brand model to target different customer segments. Holiday Inn Express and Suites Mumbai Powai will offer a hassle-free and efficient stay experience, including comfortable modern rooms, an all-day dining restaurant, a lobby lounge, a well-equipped business centre, and a fully-equipped gymnasium.
The project comprises a dual hotel complex and a large convention centre designed to serve both business and leisure travellers, with features including around 300 keys, 13 meeting rooms, four food and beverage outlets and multiple indoor and outdoor event spaces, aimed at catering to meetings, incentives, conferences and exhibitions demand in the city.
Powai Locality: Employment and Infrastructure Context
Powai is home to leading companies like TCS, FIS, JP Morgan, Amazon, Sanofi, Nomura, Deloitte, CRISIL, and Bayer. Brookfield's planned investment in a Global Capability Centre in Powai, valued at over $1 billion, will develop a large-scale, state-of-the-art GCC campus offering close to 2 million square feet of Grade A office space, making it the largest GCC facility in Asia once completed.
The area enjoys connectivity via Kanjurmarg railway station, which is at a distance of four km from Powai, and via Saki Naka metro station, which is around three km. Infrastructure is good through JVLR, SEEPZ connectivity, Eastern Freeway and upcoming Metro Line 6. With IIT Bombay at its core and well-known commercial parks such as Hiranandani, the region has turned into a center of commercial and residential activity, with residents relishing the scenic Powai Lake, large greenery, and first-rate social infrastructure, including prestigious schools and Dr. L. H. Hiranandani Hospital.
Strategic Significance for MICE Tourism
Maharashtra CM Devendra Fadnavis highlighted the importance of large-scale integrated developments, noting they play a vital role in strengthening Mumbai's position as a global destination for tourism, business, and international MICE (Meetings, Incentives, Conferences, and Exhibitions) activities. The project is located in Powai, a mixed-use commercial and residential hub in Mumbai, and is expected to serve demand from corporate travelers, long-stay guests and visitors linked to nearby business parks and institutions.
Frequently asked questions
What is the exact opening timeline?
The development is expected to open in 2026. The pre-opening puja ceremony was held on 28 March 2026.
How many rooms will the property have?
The project features approximately 300 keys, comprising both Holiday Inn Express and Voco brands in a dual-hotel format.
What facilities are planned for business events?
The project includes 13 meeting rooms, four food and beverage outlets, expansive lawns, and multiple public and event spaces.
Who is developing and operating the project?
K Raheja Corp, through Saryu Properties & Hotels Pvt Ltd (Part of the K Raheja Group Family), has signed a management agreement with InterContinental Hotels Group (IHG Hotels & Resorts).
Why is Powai a strategic location for this hotel project?
Powai is home to leading companies like TCS, FIS, JP Morgan, Amazon, Sanofi, Nomura, Deloitte, CRISIL, and Bayer, and the area enjoys connectivity via Kanjurmarg railway station and Saki Naka metro station.
What is the total project investment?
The hospitality development is valued at approximately ₹1,800 crore.