Hyderabad-based Property Tech Startup Fracspace Set to Launch “Altaira” in Sri Lanka, committed to investing ₹120 cr

Over the last few years, Hyderabad-based Fracspace has steadily built a reputation as one of India’s more distinctive real estate participation and hospitality ecosystems. 

Founded by Hyderabad-based entrepreneur Unnath Reddy, the platform has scaled beyond a single-city or single-asset model to now manage 25 properties across multiple geographies in India and abroad.

Expanding Across India and Global Destinations

The Hyderabad-based real estate participation and hospitality startup’s current footprint spans Hyderabad, Munnar, Goa, Varanasi, Kabini, and Bengaluru (coming soon) in India, along with an international presence in Bali (Indonesia), Bangkok (Thailand), Miami (USA), and Colombo (Sri Lanka).

“Through this growing network, we have served over 2,500 customers, positioning ourselves at the intersection of real estate, hospitality, and managed experiences,” said the founder of Fracspace in the Startup Pedia interview. 

Introducing Altaira – Above the Clouds

Building on this operational foundation, Fracspace is now preparing for the soft launch of Altaira – Above the Clouds, its most ambitious and strategically significant project to date.

Located in a hilltop setting in Sri Lanka, Altaira is envisioned as a destination-led ecosystem that integrates premium residences, hospitality assets, and lifestyle-driven spaces under a single, managed vision.

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Beyond Square Footage: A Philosophy of Living

Altaira isn’t about square footage.

“It solves things people rarely admit. The exhaustion of always being ‘on’. The fear of growing older in places that don’t respect ageing. The guilt of not being present with family. The craving for silence without isolation,” added the founder, Unnath Reddy in the Startup Pedia interview. 

Altaira feels appealing because it doesn’t compete with your life. It supports it.

Altaira is not for people chasing a better life. It’s for people who already built one — and are quietly wondering why it still feels heavy.

Altaira doesn’t change who you are. It gives you the space to finally feel like yourself again.

A Long-Term Value Platform, Not a One-Time Sale

Unlike traditional real estate developments that rely primarily on one-time sales, Altaira is structured as a long-term value platform — designed to generate sustained income through hospitality operations, curated experiences, and ongoing asset management.

The project reflects Fracspace’s broader approach of building real estate as an operating ecosystem, rather than a static product.

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Amenities Designed Around Nature and Experience

Amenities include an infinity pool, a 24/7 world cuisine restaurant, a full-fledged spa and wellness facility, cloudpaths, waterfalls and streams, a helipad, 270-degree views of hills and valleys, natural pools and plunge pools, and a sundowner deck.

Investment Outlook and Global Expansion Plans

The founder of Fracspace said in the Startup Pedia interview, “With Altaira, we are projecting investment inflows of approximately ₹120 crore, marking a major step in the startup’s global expansion strategy.”

The development is expected to contribute significantly to future revenues through a combination of participation-led investments, hospitality-driven cash flows, and long-term management income as the destination evolves.

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Altaira Soft Launch: A Curated Global Unveiling

The upcoming Altaira Soft Launch, scheduled for 14th February 2026, is being positioned as a curated, invite-led unveiling aimed at early participants, global investors, and long-term stakeholders. Registrations are currently open, with profiles being shortlisted to ensure alignment with the project’s long-term vision and scale.

A Defining Milestone for Fracspace’s Global Journey

For the Hyderabad-based Startup Fracspace, Altaira represents more than a new geography. It signals a transition into large-format, cross-border destination development, backed by an established operating track record, a growing investor base, and a clearly defined growth roadmap.

As the soft launch approaches, Altaira is emerging as a defining milestone — both for Fracspace’s global journey and for how Indian-born real estate platforms are expanding onto the international stage.

Register for the launch : https://forms.gle/t1XVxbuXu2Y3wsNDA

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