Sumadhura to Invest Rs 60 Billion in Bengaluru Housing
Real Estate

Sumadhura to Invest Rs 60 Billion in Bengaluru Housing

Realty firm Sumadhura Group plans to invest around Rs 60 billion to develop six new housing projects in Bengaluru, as it looks to expand amid sustained demand for homes, a senior company executive said.

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.

Realty firm Sumadhura Group plans to invest around Rs 60 billion to develop six new housing projects in Bengaluru, as it looks to expand amid sustained demand for homes, a senior company executive said. 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.

Next Story
Infrastructure Transport

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Next Story
Infrastructure Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement