The Sumadhura Group is set to invest ₹2,000 crore in FY26 to launch new residential projects in Bengaluru, focusing on mid-market apartments and plotted developments. In Bengaluru, the company will focus on plotted developments in Devanahalli, which will be priced between ₹75 lakh and ₹2 crore, targeting buyers seeking premium land parcels. Additionally, mid-market apartments will be developed in areas such as Whitefield, Outer Ring Road (ORR), and near Manyata Tech Park, with prices ranging from ₹1.25 crore to ₹3 crore.
The planned investment marks an expansion of the group’s footprint in Bengaluru, where it has delivered over 9,000 homes spanning 12 million sq ft, with another 10 million sq ft under construction and an additional 10 million sq ft scheduled for launch this financial year. Sumadhura has recently entered the plotted development segment, with plans to launch two million sq ft of plots annually. In Bengaluru, upcoming launches will include one million sq ft of plotted developments in North Bengaluru and mid-market apartments in Whitefield, ORR, and Manyata Tech Park.
The company is also evaluating entry into other Indian cities, including Mumbai, Pune, Chennai, and Goa. In Mumbai, projects are expected initially in Navi Mumbai within the mid-market range of ₹1.5–4 crore, while Pune developments are likely to focus on Halapsar and other key residential clusters. For Chennai and Goa, launches are anticipated by 2026, with Goa positioned for second-home and leisure residences starting at ₹1 crore.
Rising land and construction costs have become a significant challenge for developers. Land prices in eastern and northern Bengaluru have risen by 100–200% over the past three to five years, while construction costs have increased by 30–40%, making it difficult to maintain affordable housing in the sub-₹1 crore segment. However, the company expects to leverage recent government decisions, including reductions in GST rates on key construction materials such as cement, granite, and marble, which will reduce overall project costs and potentially pass savings to buyers, improving housing affordability.
The company remains focused on integrated, community-oriented developments, combining mid-market and luxury housing with infrastructure-ready townships. With a strong presence in Bengaluru and Hyderabad, where it has launched 2.6 million sq ft of residential projects and has another four million sq ft under construction, Sumadhura is poised for continued growth in the Indian real estate market.
Image Courtesy: The Realty Today
