What is Sumadhura Group's new investment plan in Bengaluru?

Sumadhura Group plans to invest around Rs 6,000 crore to develop six new housing projects in Bengaluru.

How many housing units will Sumadhura Group launch in Bengaluru?

The company will launch six premium projects comprising over 4,000 units, including apartments and residential plots.

Where in Bengaluru will Sumadhura Group's new projects be located?

The new projects will be located in the East and North Bengaluru areas.

Home / Business and Economy / Sumadhura Bets Big: Rs 6,000 Crore Bengaluru Housing Boom

Sumadhura Bets Big: Rs 6,000 Crore Bengaluru Housing Boom

18 Jan

•

Summary

Sumadhura Group plans a Rs 6,000 crore investment in Bengaluru.
Six new premium housing projects will launch this quarter.
The investment aims to deliver over 4,000 housing units.

Sumadhura Bets Big: Rs 6,000 Crore Bengaluru Housing Boom

Sumadhura Group, a prominent real estate developer, is making a significant investment of approximately Rs 6,000 crore to launch six new premium housing projects in Bengaluru. This strategic move underscores the company's confidence in the city's robust real estate market and its commitment to business expansion.

The upcoming developments, situated in East and North Bengaluru, will feature more than 4,000 housing units, including apartments and residential plots, spread across 90 acres. These projects collectively boast a saleable area exceeding 8 million square feet, with an anticipated total revenue of Rs 10,000 crore.

This venture marks a substantial addition to Sumadhura Group's portfolio, which has delivered over 17 million square feet across 56 projects in the past three decades. The company's diverse presence spans housing, office spaces, warehousing, and co-living segments, demonstrating a broad expertise in the real estate vertical.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.