Bengaluru-based Sumadhura Group has announced plans to invest ₹2,000 crore in the financial year 2025–26 for new residential launches across Bengaluru, including plotted developments in Devanahalli and mid-market housing projects in areas such as Whitefield, Outer Ring Road (ORR), and near Manyata Tech Park.
The company said the plotted developments in Devanahalli will be priced between ₹75 lakh and ₹2 crore, targeting buyers seeking premium land parcels, while mid-market apartments in other key locations will focus on units priced between ₹1.25 crore and ₹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, the group expects upcoming launches to include one million sq ft of plotted developments in North Bengaluru and mid-market apartments in Whitefield, ORR, and Manyata Tech Park. Devanahalli will mainly host plotted projects, while Whitefield and ORR will offer premium and luxury apartments, with select towers limited to 30–40 units of up to 5,000 sq ft each.
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, according to Madhusudhan Gunda, Chairman and Managing Director of Sumadhura Group. He explained that 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. The share of projects priced between ₹1–2 crore has also declined, accounting for less than 20% of the company’s current portfolio.
While mid-market housing will remain the core focus, the company is considering the creation of a new brand to cater to the luxury segment, though it expects luxury to comprise only 10–25% of its overall residential business in the coming years.
The planned investment is expected to leverage recent government decisions, including reductions in GST rates on key construction materials such as cement, granite, and marble. Gunda indicated that lower input taxes would reduce overall project costs, potentially passing savings to buyers and improving housing affordability. He added that these measures could further stimulate housing demand and create a positive ripple effect across the broader economy.
In Hyderabad, Sumadhura has launched 2.6 million sq ft of residential projects and has another four million sq ft under construction, reinforcing the city as a key growth market alongside Bengaluru. The company remains focused on integrated, community-oriented developments, combining mid-market and luxury housing with infrastructure-ready townships.
Image source- freepik.com
.png)