Umiya Buildcon’s stock edged higher after its subsidiary, Umiya Buildtek, acquired a strategically located 20,000 sq ft land parcel in the heart of Bengaluru’s Central Business District. The plot, situated just off Cunningham Cross Road, positions the company to deepen its footprint in one of the city’s most exclusive micro-markets.The newly acquired site will be developed into an ultra-luxury boutique residential project with an estimated built-up potential of nearly 55,600 sq ft. According to the company, the project aligns with its focus on design-led developments in areas that combine high demand with limited new supply. Bengaluru’s CBD is among the most sought-after residential zones, with premium housing continuing to attract strong buyer interest.Umiya Buildcon expects the project to add roughly Rs 2 billion to its balance sheet once completed, driven by robust appetite for high-end homes in the locality. The development is also expected to contribute to the premium housing stock while supporting incremental economic activity in the region through construction and related services.Commenting on the acquisition, Aniruddha Mehta, chairman & MD, said, “This strengthens our presence in Bengaluru’s ultra-prime residential segment. The Bengaluru CBD remains one of the most coveted locations, and this project underpins our commitment to delivering architecturally distinctive, future-ready homes that offer long-term value.”While the company is primarily engaged in the manufacture, supply and distribution of access and networking equipment and related solutions, its real estate ventures have been gaining prominence. For Q2 FY26, Umiya Buildcon reported a consolidated net profit of Rs 60.71 million, marking a 242.3 per cent jump, backed by a 59.8 per cent rise in revenue from operations to Rs 200.57 million compared with the same period last year.News source: Business Standard