Hyderabad-based proptech and hospitality startup Fracspace is preparing to enter a new phase of growth with the launch of its Altaira project in Sri Lanka. Backed by a planned investment of ₹120 crore, the development is positioned as the company’s most ambitious international initiative to date.
Altaira will be Fracspace’s flagship destination-led project outside India, signalling the startup’s transition from boutique participation models to large-format, cross-border developments. The project is expected to play a central role in Fracspace’s long-term global strategy.
A growing footprint across markets
Fracspace currently operates across several Indian leisure and cultural destinations, including Hyderabad, Munnar, Goa, Varanasi, Kabini, and Bengaluru, which is slated for launch soon. Internationally, the company has already established a presence in Bali, Bangkok, Miami, and Colombo.
According to the company, this expanding network has enabled Fracspace to serve more than 2,500 customers across real estate participation, hospitality, and managed lifestyle experiences. This operational base has laid the groundwork for what the company describes as its most strategically important project so far.
Altaira: a destination above conventional real estate
Set on a hilltop location in Sri Lanka, Altaira, branded as “Above the Clouds,” is being developed as an integrated destination rather than a conventional real estate project. It brings together premium residences, hospitality assets, and lifestyle-oriented spaces under a single professional management framework.
Fracspace says Altaira moves away from the traditional focus on square footage and ownership alone. Instead, it is designed as a living ecosystem where real estate, hospitality, and curated experiences function together to create long-term value.
Designing for modern fatigue
At the heart of Altaira’s concept is a response to what the company sees as a growing emotional and lifestyle fatigue among high-achieving individuals. Founder Unnath Reddy describes it as a space created for people who have already built successful lives but feel weighed down by constant demands.
Rather than positioning itself as an escape from everyday life, Altaira aims to support it. The project emphasises calm, privacy, and presence without isolation, offering an environment that accommodates ageing, family time, and mental rest without compromising comfort or engagement.
Amenities built around experience
Altaira’s design reflects this experience-led approach. Planned amenities include an infinity pool, a round-the-clock world-cuisine restaurant, a spa and wellness centre, natural pools and plunge pools, waterfalls and streams, cloudpaths, and a dedicated sundowner deck.
The project will also feature a helipad and offer 270-degree panoramic views of surrounding hills and valleys. Fracspace says these elements are intended to blend nature with thoughtful infrastructure, reinforcing the destination’s appeal as both a retreat and a long-term asset.
A long-term value platform
Unlike traditional real estate developments that rely primarily on one-time sales, Altaira is structured as a long-term value platform. Revenue is expected to be generated through hospitality operations, curated experiences, and continuous asset management.
This operating model aligns with Fracspace’s broader philosophy of treating real estate as an active ecosystem rather than a static investment. The company expects the project to deliver sustained income streams as the destination matures, supported by participation-led investments and hospitality-driven cash flows.
Investment scale and launch plans
Fracspace estimates total investment inflows of around ₹120 crore for Altaira, marking a significant milestone in its international growth journey. The project’s soft launch is scheduled for February 14, 2026, and will be an invite-only event aimed at early participants, global investors, and long-term stakeholders.
Registrations are currently open, with the company curating profiles to ensure alignment with the project’s long-term vision and scale.
