The Hyderabad Knowledge City in Raidurgam, Hyderabad, is poised to add a five-star hotel and trade centre to its skyline, as the Telangana State Industrial Infrastructure Corporation (TSIIC) has recently initiated the project by floating a request for proposal. The project, estimated to cost over ₹500 crore, will cover approximately 3 acres of land near the Mindspace rotary, Raidurg Metro Station, IKEA store, IT parks, and the T-Hub 2.0 structure. The project will feature a 200-key five-star hotel with a built-up area of around 3.63 lakh sq ft, 2.42 lakh sq ft of Grade A commercial space for the trade centre, and a 0.61 lakh sq ft ground floor comprising a banquet hall, retail spaces, and grand lobby areas for the hotel and trade centre. TSIIC is inviting bids from reputed five-star deluxe or its global equivalent hotel brands and/or developers having MoU/MoA/LoI with such hotel brands not currently present in Hyderabad. The strategic location of the project will benefit from the upcoming Metro line to Hyderabad international airport, offering an advantage that the Hitex convention and exhibition centre lacks. The project is expected to enhance Hyderabad’s appeal as a MICE (Meetings, Incentives, Conferences, and Exhibitions) location. The developer that offers the highest development share to TSIIC will be awarded the project. The estimated cost of the project, excluding land value, is ₹500-550 crore. The developer must provide a minimum of 1.86 lakh sq ft of built-up area for the trade centre to the undertaking within 30 months of the joint development agreement date. The hotel is required to be operational within 48 months of the agreement. The bid opening date is set for November 13.