The Hindi-English series will be produced by Netflix in partnership with filmmaker Anurag Kashyap's Phantom Films.
Set in Mumbai, "Sacred Games" delves into the city's intricate web of organised crime, corruption, politics and espionage that lie beneath India's economic renaissance.
"Over the last few years, I've watched with great excitement and pleasure as Netflix has transformed narrative television with its ground-breaking, genre-bending shows. I'm thrilled to be working with Netflix and Phantom Films," Chandra said in a statement.
Madhu Mantena of Phantom Films said he is confident the partnership with Netflix will result into something exciting and creatively satisfying.
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