K Raheja Group and IHG to open dual-brand hotel in Mumbai Powai, targeting business and extended-stay demand

K Raheja Group and InterContinental Hotels Group (IHG) have announced plans to develop a dual-brand hotel project in Mumbai’s Powai area, aiming to expand accommodation capacity for business and extended-stay travelers, the companies said, with development activity progressing in 2026.

The project will be 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. The companies confirmed that the development will integrate two hotel brands within a single property.

Project structure and development plan

The companies said the project will follow a dual-brand model, combining two distinct hospitality offerings within one complex to target different customer segments. The development will be part of a larger mixed-use property, incorporating hotel rooms, extended-stay units and shared operational infrastructure.

K Raheja Group will lead the development of the property, while IHG will manage hotel operations under its global brand portfolio. The companies did not disclose the total number of rooms but said the project would significantly increase room inventory in the Powai micro-market.

Location and demand drivers

Powai has emerged as a key hospitality location in Mumbai due to its proximity to business districts, technology parks and educational institutions. The area also benefits from connectivity to Chhatrapati Shivaji Maharaj International Airport and major road networks.

The companies said demand in Powai is driven by year-round corporate activity, with extended-stay requirements from professionals and project-based employees contributing to occupancy levels. The development is expected to address this demand through a mix of short-term and long-stay accommodation options.

Operational and brand strategy

IHG said the dual-brand approach allows it to serve multiple segments within a single location, improving operational efficiency and maximizing land use. The brands selected for the project are expected to cater to both transient and long-stay guests, with separate service offerings under a shared infrastructure.

The property is expected to include meeting spaces, dining outlets and support facilities aligned with business travel requirements. Operational planning will include staffing, service systems and integration with IHG’s reservation and loyalty platforms.

Market context and development pipeline

Mumbai continues to see growth in hospitality development, particularly in areas with strong corporate demand. Developers are increasingly adopting dual-brand and mixed-use models to optimize space and cater to varied traveler segments within urban markets.

Industry participants said Powai has seen consistent demand due to its combination of residential, commercial and institutional developments, making it a focus area for new hotel projects.

Current status

The companies said the project has been announced and is currently in the development stage, with further details on construction timelines, brand allocation and opening dates expected to be released as planning progresses through 2026.