Sumadhura to Invest Rs 60 Billion in Bengaluru Housing
The Bengaluru-based developer will launch the six residential projects during the current quarter. Chairman and Managing Director Madhusudhan G said the projects will comprise more than 4,000 units, including apartments and residential plots, reflecting continued buyer interest in the city’s housing market.
The proposed investment is estimated at Rs 55–60 billion. The upcoming developments, located in east and north Bengaluru, will have a combined saleable area exceeding 8 million sq ft and will be spread across around 90 acres of land.
Madhusudhan said the company expects total revenue of about Rs 100 billion from the six projects, underscoring confidence in absorption levels despite a broader moderation in sales volumes.
According to real estate data analytics firm PropEquity, housing sales in Bengaluru remained largely flat at around 16,000 units during the October–December quarter of the previous calendar year.
Over the past three decades, Sumadhura Group has delivered 56 projects with a total built-up area of more than 17 million sq ft. The group has a presence across multiple real estate segments, including residential, office, warehousing and co-living developments.