Hyderabad: 09th December, 2025: The Government of Telangana (GoT) and Ridhira Group formalised a Memorandum of Understanding at the Telangana Rising Global Summit 2025 for the development of a premium branded hospitality project in Yacharam, which will serve as a key anchor within the State’s flagship Bharat Future City vision. The project carries a proposed investment of Rs 117 crore and reflects the State’s focus on attracting high value hospitality and tourism investments.

Bharat Future City is envisioned as a smart, future-ready urban hub near Hyderabad, integrating residential, commercial, industrial, educational, healthcare, and recreational zones. It aims to be a sustainable, net-zero city that combines modern infrastructure, global connectivity, and high-quality urban planning. The Yacharam hospitality project forms an integral part of this framework, contributing to the city’s vision of creating a vibrant hub for business, leisure, tourism, and wellness.

The development will feature a 150 key premium hotel supported by two Food and Beverage outlets and a dedicated Wellness Centre of 18,500 sq. ft. It also includes 20 branded luxury villas with sale and lease-back options. The integrated project is designed to align with international hospitality standards and is expected to generate more than 300 direct and indirect employment opportunities over the next two years, strengthening Yacharam’s emergence as a high potential hospitality and wellness destination.

Expressing gratitude, Ritesh Mastipuram, Founder and Managing Director, Ridhira Group, said,“We are honoured to formalise this commitment with the State and to reinforce our long-term vision. This MoU marks a significant milestone in our journey to redefine luxury wellness hospitality in Telangana. With the Government’s proactive support and a structured roadmap for implementation, we are committed to building a landmark destination that will enhance Telangana’s position on the global tourism and wellness map.”

The Government of Telangana will facilitate all necessary project clearances through the Single Window Mechanism, ensuring expeditious approvals and seamless execution. The State, through this mechanism, will support timely execution, and Ridhira Group will now pursue formal agreements and prepare a Detailed Project Report, detailing phased development and operational frameworks to ensure timely and structured delivery.

The project aligns with the Bharat Future City framework, the Telangana Tourism Policy 2025 to 2030 and the State’s long-term Vision 2047. It is positioned to contribute to regional economic activity and strengthen Telangana’s positioning in luxury hospitality and wellness tourism.

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With over 17 years of experience across diverse sectors including Real Estate, FMCG, Ed-Tech, and Energy in India and the Middle East, Vivek brings a deep understanding of growths, transformation, and market dynamics. Holding an MBA from XLRI Jamshedpur, his leadership has been key in scaling businesses and creating impactful marketing strategies for global brands such as HoABL, Lodha Ventures, Agthia, Monster Energy, Colgate-Palmolive, Kellogg’s, and Exide. Known for his pragmatic approach and focus on customer-centric innovation, Vivek has a proven track record of driving high-performing teams and delivering results.

Mr. Ritesh Mastipuram, Founder & Managing Director, Ridhira Group said: “At Ridhira, we view real estate as a powerful catalyst for community transformation. It’s about crafting spaces that go beyond buildings—creating environments where people live, thrive, and realize their aspirations. Vivek’s leadership aligns seamlessly with this vision. His expertise in scaling businesses and understanding the pulse of the customer will be critical as we strengthen our market position and drive meaningful growth. We are confident that his leadership will help elevate Ridhira to new heights as we continue to redefine the future of real estate.”

In his new role, Vivek will lead Ridhira’s sales and marketing strategies, focusing on expanding the company’s reach, driving innovative sales practices, and enhancing the overall customer experience.

Speaking about his appointment, Vivek Chaturvedi shared his thoughts by saying, “I’m honored to join Ridhira, a company that stands at the intersection of innovation and impact. What excites me most is the opportunity to work with a team that’s deeply committed to not just building properties, but creating enduring legacies that will serve generations to come. Together, we will push boundaries, drive innovation, and build a future where every space we create is a reflection of our values—wellness, sustainability, and community. The journey ahead is full of potential, and I’m excited to be part of this next phase of Ridhira’s growth.”

This appointment marks the beginning of an exciting new chapter for Ridhira Group. With a solid foundation of delivering luxury residences and sustainable commercial spaces, the company continues to set the standard for excellence, transparency, and innovation. Under Vivek’s leadership, Ridhira is poised to accelerate its growth, explore new avenues for innovation, and continue its mission to create enduring legacies through exceptional real estate.

The post Ridhira Group Appoints Vivek Chaturvedi as Senior Vice President, Sales & Marketing appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.