Hospitality JV
Kalyani Developers targets 1,400+ hotel keys in Bengaluru and Hyderabad
Bengaluru-based Kalyani Developers announced on 27 October 2026 a plan to add more than 1,400 hotel keys across Bengaluru and Hyderabad over the next two years. The plan rests on a 600-key Hilton and Conrad development near Kempegowda International Airport, signed on 6 October 2026.
| Developer | Kalyani Developers, Bengaluru (also known as Kalyani Tech Park Pvt Ltd) |
|---|---|
| Expansion target | Over 1,400 hotel keys across Bengaluru and Hyderabad within two years of 27 October 2026, so roughly by late 2028 |
| Anchor project | Conrad Bengaluru Airport and Hilton Bengaluru Airport, about 600 keys across two hotels |
| Signing announced | 6 October 2026 (Hilton) |
| Brands | Hilton Hotels & Resorts (upper-upscale) and Conrad Hotels & Resorts (luxury) |
| Location | KIADB Hi-Tech Defence and Aerospace Park, Bagalur / Devanahalli, North Bengaluru, about 20 minutes from Kempegowda International Airport |
| Opening | Both hotels are expected to open in 2030 |
| Further keys in talks | About 825 keys with leading international hotel operators; no site, operator or date announced |
| Investment size | The investment size has not been disclosed |
What happened
On 27 October 2026, Kalyani Developers announced a plan to expand its hospitality portfolio to more than 1,400 keys over the next two years. The target covers Bengaluru and Hyderabad. The announcement restates a hotel partnership that Hilton had already made public on 6 October 2026, and places it inside a wider expansion target.
The company said hospitality is an important part of its long-term growth strategy. Priyanka Raju, Director, Kalyani Developers, said that Bengaluru and Hyderabad are at the centre of its strategic growth plans for hospitality.
The Hilton anchor deal
The anchor project is a dual-brand hotel development in Bengaluru with about 600 keys across two properties. Hilton announced the signing of two hotels under its Conrad Hotels & Resorts and Hilton Hotels & Resorts brands, in partnership with Kalyani Group.
Alan Watts, President, Asia Pacific, Hilton, said the signing was a significant milestone in strengthening Hilton's presence in Bengaluru. Mohan Raju, managing director of Kalyani Developers, said the continued partnership with Hilton reflected the strength of its brands and its confidence in the long-term vision for Bengaluru. He added that the signing followed the success of DoubleTree by Hilton Bengaluru Whitefield, which opened in 2024.
Project details
- Configuration: Conrad Bengaluru Airport and Hilton Bengaluru Airport will each have 300 guestrooms, along with multiple dining venues, meeting and event spaces, wellness facilities and other amenities.
- Event space: The complex will have more than 72,000 square feet of event space for conferences, corporate gatherings and social events.
- Positioning: Hilton sits in the upper-upscale segment and Conrad in the luxury segment.
- Status: The project is signed and at the pre-development stage. Both hotels are expected to open in 2030.
Location and access
The complex is planned within the KIADB Hi-Tech Defence and Aerospace Park in Bagalur and Devanahalli, North Bengaluru. Reports place it about 20 minutes from Kempegowda International Airport. NH-44 (Bellary Road) provides road access to the city.
The Namma Metro Phase 2B Blue Line extension, with an upcoming Bagalur Cross station, is planned to connect the Devanahalli and Bagalur stretch to the airport and the city's eastern IT hubs. The park hosts employers including Boeing India, Airbus Technology Centre, Shell R&D Campus, Rolls-Royce and Foxconn.
The developer's wider plans
Kalyani, founded by Mohan Raju, works in commercial and residential development, as well as automotive and solar projects. Its in-house team reports more than 30 years of experience and more than 12 million square feet of commercial space delivered. The company also runs more than 75 automotive showrooms in Bangalore, Mysore and Hyderabad.
In October 2024, Kalyani announced plans to invest Rs 4,500 crore in three residential projects in North Bengaluru, Whitefield and Kanakapura Main Road, alongside a mixed-use development in Hyderabad over two years. The same month it announced a plan to allocate Rs 800 crore to two 300-room hotels in North Bengaluru. No source links that 2024 hotel plan to the Hilton project.
What it means for buyers, investors and the market
The announced projects are hotel developments. The reports describe the expansion as complementing Kalyani's real estate portfolio, aimed at business travel, tourism, MICE (meetings, incentives, conferences and exhibitions) and demand for premium hospitality.
For the local market, the 600 Hilton and Conrad rooms would add to the city's hotel supply when they open in 2030. Reports say the project offers work for EPC contractors, architects, interior fit-out firms and equipment suppliers as development moves toward opening. The company's pursuit of a further 825 keys has not yet named a site, operator or date.
What comes next
- Talks with international operators for about 825 additional keys are ongoing.
- The 1,400-key target runs over two years from 27 October 2026.
- The Conrad and Hilton Bengaluru Airport hotels are expected to open in 2030.
As of 29 October 2026, the Hyderabad sites, the operators in talks and the exact locality for the additional 825 keys have not been announced.
Frequently asked questions
How many hotel keys does Kalyani Developers plan to add?
Kalyani Developers announced on 27 October 2026 a target of more than 1,400 keys across Bengaluru and Hyderabad over the next two years. About 600 keys are tied to the signed Hilton and Conrad project in Bengaluru, and talks are underway for a further 825 keys.
Where will the Hilton and Conrad hotels be built?
The two hotels are planned within the KIADB Hi-Tech Defence and Aerospace Park in Bagalur and Devanahalli, North Bengaluru, about 20 minutes from Kempegowda International Airport.
When are the Bengaluru airport hotels expected to open?
Both Conrad Bengaluru Airport and Hilton Bengaluru Airport are expected to open in 2030.
Is this project a housing development for buyers?
No. The project is a hotel development with 300 guestrooms in each of two hotels, plus dining, meeting, event and wellness spaces.
How much is the project worth?
The investment size has not been disclosed.