Upcoming Development
K Raheja and Brookfield's 4.7M Sq Ft Mixed-Use Project Announced for Raidurg, Hyderabad; Targeted 2029 Completion
K Raheja Corp and Brookfield Corporation have been approved to lease a 15-acre land parcel at Raidurg for a 50-year period for over ₹1,200 crore, through their joint venture Rafferty Developments. The mixed-use project will span approximately 4.7 million sq ft and is estimated to cost ₹1,232 crore.
| Land Size | 15 acres (0.061 sq km) |
|---|---|
| Built-Up Area | Approximately 4.7 million sq ft |
| Project Cost (Estimated) | ₹1,232 crore |
| Land Lease Value | Over ₹1,200 crore (50-year lease) |
| Retail/Mall Component | 0.9 million sq ft (noted in K Raheja Corp official disclosure) |
| Entertainment Feature | 14-screen multiplex |
| Expected Possession | 2029 |
| Development Type | Transit-Oriented Development (TOD) |
| Location Context | Opposite IKEA, near Raidurg Metro Station (Blue Line terminal) |
Project Overview and Status
In August 2023, L&T Hyderabad Metro Rail received Telangana government approval to lease the 15-acre Raidurg land parcel to Rafferty Developments, a joint venture between Brookfield Corporation and K Raheja Corp, for 50 years at a consideration exceeding ₹1,200 crore. The proposed transit-oriented mixed-use project at Raidurg opposite IKEA will feature a 14-screen multiplex.
The 0.9 million sq ft mixed-use development with Brookfield is underway in Hyderabad. The mixed-use property, constructed jointly with Brookfield, should be operational in 2029 according to K Raheja Corp's CEO of Inorbit Malls.
Product Mix and Components
The project spanning approximately 4.7 million sq ft is estimated to cost ₹1,232 crore. The development combines retail (mall), office space, and entertainment uses. A 14-screen multiplex anchors the entertainment component. As a transit-oriented development, the project leverages proximity to the Raidurg Metro Station for connectivity and foot traffic.
Developer and Partnership Structure
The joint venture between Brookfield Corporation and K Raheja Corp operates under the entity Rafferty Developments. K Raheja Corp brings its Inorbit Malls brand and commercial real estate expertise, while Brookfield contributes property management and international development experience. K Raheja Corp is India's leading real-estate conglomerate with over four decades of excellence spanning office, residential, hospitality, malls and retail business.
Location and Infrastructure Context
Raidurgam is a neighbourhood in Hyderabad, Telangana, part of the Hyderabad Metropolitan Development Authority (HMDA). Raidurg metro station is the busiest metro station in Hyderabad with daily footfalls of around 60,000 commuters. The station is located near Raheja Mindspace Junction.
Raidurgam, nestled near HITEC City and the Financial District, has become one of the most sought-after locations for real estate development and commercial growth, strategically positioned along the Raidurgam–Gachibowli–Madhapur corridor as a vital part of the Cyberabad IT Zone housing major global IT giants and multinational corporations.
Possession Timeline and Current Status
The K Raheja and Brookfield 15-acre Raidurg transit-oriented development targeting 2029 completion comprises 4.7M sq ft with mall, office towers, and 14-screen multiplex. The project remains in the upcoming phase as of September 2026, with construction and land preparation ongoing. RERA registration status has not been publicly disclosed at launch announcement.
Market Demand and Raidurgam Real Estate Activity
The area is strategically positioned as a vital part of the Cyberabad IT Zone housing major global IT giants, multinational corporations, and financial institutions, making it a preferred destination for tech professionals, entrepreneurs, and investors. Commercial real estate activity in the micro-market remains strong, with institutional and developer interest reflected in ongoing land auctions and office park completions. Grade A office developments in Hyderabad's key IT corridors feature proximity to Raidurg Metro Station with seamless connectivity to major infrastructure.
Development phases
Frequently asked questions
What is the total built-up area of the K Raheja–Brookfield Raidurg project?
The project spans approximately 4.7 million sq ft with an estimated cost of ₹1,232 crore.
How much land does the project occupy and what is the lease value?
The 15-acre land parcel is leased to Rafferty Developments (the K Raheja Corp–Brookfield joint venture) for 50 years at a consideration exceeding ₹1,200 crore.
When is the project expected to be operational?
The mixed-use property should be operational in 2029 according to K Raheja Corp's CEO of Inorbit Malls.
What are the main components of the development?
The project features a 14-screen multiplex. The broader mixed-use program includes retail/mall space, office space, and entertainment amenities as a transit-oriented development opposite IKEA near Raidurg Metro Station.
Why is Raidurgam a significant location for this project?
Raidurg metro station is the busiest metro station in Hyderabad with daily footfalls of around 60,000 commuters. The location benefits from proximity to IT hubs and the Financial District, making it attractive for mixed-use development.
What is the structure of the development partnership?
The K Raheja Corp and Brookfield joint venture, known as Rafferty Developments, received approval from the Government of Telangana to lease the 15-acre parcel for 50 years.