Sumadhura Group Acquires 5-Acre Parcel in East Bengaluru, Targets ₹500 Crore Revenue from Residential Project

Bengaluru-based real estate developer Sumadhura Group has acquired a 5-acre land parcel on Soukya Road in East Bengaluru. The company plans to develop a residential project on the site, with an estimated revenue potential of ₹500 crore. The move marks another addition to the developer’s growing portfolio in Bengaluru’s high-demand micro-markets.

The company confirmed the acquisition through an official statement, with its chairman and managing director, Madhusudhan G, describing the decision as a strategic step aligned with the company’s plans to expand in East Bengaluru. According to the statement, the Soukya Road corridor is gaining prominence among homebuyers due to its connectivity, physical infrastructure, and access to employment hubs. The company believes that the new project will not only meet customer demand but also offer potential for long-term value creation.

Located near the established IT hub of Whitefield, Soukya Road offers connectivity to key areas in the city. It is accessible through arterial roads such as NH-75 and SH-35 and lies close to the Kadugodi station on Bengaluru’s Purple Line metro. This connectivity is expected to support demand for residential developments in the region. The corridor has been seeing increased developer interest in recent years, as land availability and infrastructure continue to improve in and around Whitefield.

Sumadhura Group has a track record of delivering residential and commercial projects across Bengaluru and Hyderabad. The company has completed more than 50 projects, covering over 11 million square feet. At present, its development pipeline includes around 40 million square feet, at various stages of planning and execution.

The Soukya Road acquisition follows a larger transaction by the group earlier this year. In April, Sumadhura acquired approximately 40 acres of land in Bengaluru at a reported value of ₹800 crore. The parcels are spread across high-growth areas of East and South-West Bengaluru. The company projects that the land bank has the potential to generate residential development revenue of up to ₹6,000 crore. Some of these land parcels are being developed under joint-development agreements, while others are fully owned by the group.

The company is also diversifying its portfolio beyond residential development. In May, Sumadhura launched its managed office space (MOS) initiative under the brand name Workship. The new vertical will focus on leasing flexible office spaces across Bengaluru. Sumadhura has stated that it intends to offer over 1 million square feet of managed office space in the next three years, providing more than 10,000 seats.

Workship’s first facility has already been launched at Capitol Towers, a commercial property developed by Sumadhura in Whitefield. The facility spans 1.22 lakh square feet and includes over 3,000 seats. With this foray into commercial leasing, Sumadhura is looking to establish a presence in the growing segment of flexible workspace solutions, especially in business-focused areas like Whitefield.

With its recent acquisitions and expansion plans, Sumadhura is maintaining a steady pace in consolidating its position in Bengaluru’s real estate market. The developer’s continued focus on key corridors such as Soukya Road and Whitefield, combined with a push into the office leasing segment, signals a diversified approach in response to evolving market dynamics.