Mindspace Business Parks REIT has reportedly signed a ₹350 crore agreement with Chalet Hotels to develop a 330-key luxury hotel at its flagship Madhapur campus in Hyderabad, marking a major push towards hospitality-integrated mixed-use development within India's institutional REIT platforms.

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.