Developer guide · Since 2019 · Updated 21 Oct 2026
Raghava Constructions projects, prices and review
A young Hyderabad builder making large luxury high-rise flats in the western IT corridor
Who is Raghava Constructions?
In one lineRaghava is a Hyderabad developer formed in 2019 that builds large luxury apartments near Gachibowli, Raidurg and the Financial District, led by its IRIS project.
Who they are. Raghava Constructions (India) Private Limited was registered in Hyderabad in 2019. Its flagship IRIS project is built by Raghava Projects, a partnership firm held equally by Harsha Reddy Ponguleti and Lohith Reddy Ponguleti, according to ICRA.
How big they are. It is a newer builder. IRIS alone has about 3.2 million Sq.Ft. of saleable area and 492 large flats in Raidurg, which makes it a big single project.
What they build. Luxury high-rise flats, mostly 4 BHK and larger, in Hyderabad's western IT belt near Gachibowli, Madhapur and the Financial District.
How they are doing now. In November 2025 ICRA upgraded the IRIS firm's rating to BB+ (Stable). It said about 42% of the developer's share of IRIS was sold, worth about ₹1,137 Cr, and about 39% of construction cost was spent by August 2025.
Raghava Constructions key factsUpdated 21 Oct 2026
- Founded
- 2019, Hyderabad
- Stock listing
- Private company
- Flagship
- Raghava IRIS, Raidurg
- IRIS promoters
- Harsha Reddy and Lohith Reddy Ponguleti
- Credit rating
- ICRA BB+ (Stable), Nov 2025, for IRIS firm
- Main market
- West Hyderabad
- Projects on BookNewProperty
- 3 (3 open for sale)
- Homes from
- ₹1.78 Cr
Sources: ICRA rating rationales for Raghava Projects (6 Nov 2023 and 6 Nov 2025), company website. Project counts and prices are live from BookNewProperty listings.
What changed at Raghava Constructions
Prices and stages checked daily · last checkWhy buyers choose Raghava Constructions
- Prime locations. Its projects sit close to the main IT and office hubs of Hyderabad, which helps demand for homes and rentals.
- Large homes. It focuses on big, premium flats for buyers who want more space.
- Steady sales on IRIS. ICRA notes steady sales, collections and construction progress at IRIS, and the rating was upgraded in 2025.
- Bank funding in place. A ₹300 Cr five-year term loan was sanctioned for IRIS, which supports construction.
Know before you buy
- Short track record. ICRA points to the promoters' limited record of finishing large real estate projects. Its first big projects are still under construction.
- Much still unsold. About 58% of the IRIS area was unsold in August 2025, so construction depends partly on future sales.
- Moderate credit rating. A BB+ rating is below investment grade. It means moderate risk of not meeting debt payments on time.
- One city. All its work is in Hyderabad, so it is exposed to that one market.
Raghava Constructions projects: new launches, under construction and ready to move
3 of 3 Raghava Constructions projects are open for sale. Filter by city, stage, home type and budget.
3 matching projects
No listed project matches that mix yet. Our advisors also track upcoming Raghava Constructions launches.
Raghava Constructions prices by city (2026)
Starting prices and average price per Sq.Ft. across Raghava Constructions projects open for sale, live from our listings.
Live from our listings. "Get prices" means the builder shares prices on request; we will send them to you.
Get the Raghava Constructions price report
Live prices straight from developer price sheets, not listing portals.
- Rate per Sq.Ft. and all-in price for each project
- Upcoming launches before they open
- Current offers and payment plans
Where should we send it?
Sent to your phone within 30 minutes, 9 AM to 9 PM.
Raghava Constructions by the numbers
Our own analysis of the 3 Raghava Constructions projects we track. It updates when projects are added or prices change.
Should you buy from Raghava Constructions?
Our verdict on Raghava Constructions
Our verdict. Raghava builds large luxury homes in some of Hyderabad's most sought-after areas, and IRIS has shown steady sales and progress. It suits buyers who want space close to the IT hubs.
The trade-off is a short delivery record and a below investment grade rating, so check the RERA completion date and construction progress carefully before paying large amounts.
Good for you if
- You want a large luxury flat near Gachibowli or the Financial District
- You are buying for the long term and can wait for handover
- You are comfortable with a newer builder after checking progress
Think twice if
- Buyers who want a builder with many handed-over projects
- Buyers who need a ready home soon
- Buyers looking for a lower budget flat
Reviewed by Vikash S, 21 Oct 2026. We are a channel partner, so we earn from the builder, never from you.
Raghava Constructions FAQs: what buyers ask
How many Raghava Constructions projects are there?
We list 3 Raghava Constructions projects, and 3 of them are open for sale.
- Under construction: 2
- New launch: 1
What is the starting price of Raghava Constructions projects?
Raghava Constructions homes listed with us start from ₹1.78 Cr.
- Hyderabad: from ₹1.78 Cr
- Final prices depend on floor, view and size.
What are the new launches by Raghava Constructions?
1 Raghava Constructions project is in new launch or pre-launch now.
In which cities does Raghava Constructions have projects?
Raghava Constructions projects we list are in 1 city.
- Hyderabad: 3 projects
Is Raghava a good builder to buy from?
Raghava is a newer Hyderabad builder with premium projects in strong locations. ICRA notes steady sales at IRIS but also a limited record of finishing large projects, so check RERA dates and site progress before you buy.
Who owns Raghava Constructions?
Raghava is a private Hyderabad company. ICRA says the firm building IRIS is held equally by Harsha Reddy Ponguleti and Lohith Reddy Ponguleti.
Is Raghava listed on the stock market?
No. Raghava Constructions (India) Private Limited is a private company.
What is Raghava known for?
It is best known for Raghava IRIS in Raidurg, a large luxury high-rise project with about 3.2 million Sq.Ft. of saleable area.
Are Raghava projects RERA registered?
Every project launched after 2017 must be registered with Telangana RERA. We show the RERA number on each project page. If you are offered an EOI before registration, pay only a refundable amount.
What is Raghava's credit rating?
In November 2025 ICRA upgraded Raghava Projects, the firm behind IRIS, to BB+ (Stable) from BB (Stable).
Terms on this page, explained simply
- RERA
- The state property regulator. Every new project must register with it and publish its plans, approvals and handover date.
- Pre-launch or EOI
- Booking your interest before RERA registration, usually with a refundable amount, to get early prices.
- Sales bookings
- The value of homes a builder sold in a period. It shows demand, not money already received.
- Listed company
- A company whose shares trade on the stock exchange. It must publish its results every quarter.
- Carpet area
- The usable floor area inside your walls. Builders must state it under RERA.
- Occupancy certificate (OC)
- The approval that a finished building is safe to live in. Ask for it before buying a ready home.
Find the right Raghava Constructions home in one call
Our advisors compare live prices, payment plans and handover dates across every Raghava Constructions project, then send you the best 3 to 5 matches.