Raheja Group and IHG announce dual hotel project in Mumbai Powai with 2026 development timeline

Raheja Group and InterContinental Hotels Group (IHG) have announced a dual hotel development project in Mumbai’s Powai area, with plans progressing in 2026 to expand accommodation capacity in one of the city’s key commercial and residential districts, the companies said.

The project will include two hotel properties under different brand segments, designed to cater to varied traveler categories, including business and extended-stay guests. The development is planned within the Powai micro-market, which has seen increased demand due to its proximity to business parks, educational institutions and residential zones.

Project structure and scope

The companies said the dual hotel project will combine two distinct offerings within a single development framework, allowing operational efficiencies while targeting multiple demand segments. The properties will be developed as part of a mixed-use complex in Powai.

Raheja Group will oversee development, while IHG will manage operations under its brand portfolio. The companies did not disclose the total number of rooms but confirmed that the project will add significant inventory to the local hospitality market.

The development is expected to include standard guest rooms, extended-stay units and supporting facilities such as dining outlets and meeting spaces, according to the companies.

Location and demand drivers

Powai has emerged as a key hospitality sub-market in Mumbai, supported by corporate offices, technology parks and residential developments. The area also benefits from connectivity to Mumbai’s international airport and major transport corridors.

The companies said the location was selected due to consistent demand from business travelers and long-stay guests. The presence of multinational companies and educational institutions contributes to year-round occupancy levels in the area.

Industry operators have identified Powai as a growth corridor within Mumbai’s hospitality sector, with new developments aligned to demand from both domestic and international travelers.

Operational and brand strategy

IHG said the project will be aligned with its expansion strategy in India, focusing on increasing its presence in key urban markets. The dual-brand approach allows the company to serve different customer segments within a single location.

Raheja Group said the project is part of its broader real estate development portfolio, which includes commercial, residential and hospitality assets across India.

The companies said operational planning will include staffing, service infrastructure and integration with IHG’s reservation and loyalty systems once the property nears completion.

Market context

Mumbai continues to see new hotel developments as demand recovers and expands across business and leisure segments. Developers are focusing on mixed-use projects and multi-brand properties to optimize land use and operational efficiency.

Industry participants said dual hotel developments are increasingly being used to target multiple market segments within the same location, particularly in high-density urban areas.

Current status

The companies said the project has been announced and development activities are underway, with further details on timelines, branding and capacity expected to be released as planning progresses through 2026.