Bengaluru-based real estate firm, Sumadhura Group, has recently acquired approximately 40 Acres of land worth an estimated INR 800 Crore. This acquisition includes four land parcels through a combination of outright purchases and joint development agreements. The four land parcels acquired are located in Bengaluru’s high-growth corridors, including emerging areas in East and South-West Bengaluru.
Sumadhura Group plans to develop four residential projects on these sites over the next five years. Three of these projects will be in the East, and one will be in South-West Bengaluru. The anticipated saleable area across these projects is 6 Mn-SqFt.
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With this strategic move, Sumadhura Group aims to cater to the growing demand for housing units in Bengaluru. Their experience in Southeast Bengaluru, coupled with the IT sector’s influence, gives them the confidence to strengthen their footprint in this high-promise market.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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