Sowparnika Projects in talks to raise Rs 500 cr for expansion

Bengaluru: Sowparnika Projects, a real estate firm with a growing presence across south India, is in advanced stages of raising ₹500 crore to fund its expansion and scale its project portfolio over the next 18 to 24 months."We are in talks with WSB Real Estate Partners, ASK Fund Advisors and HDFC Capital. The company also has approvals for the transactions from some of them and is targeting a close at the ₹500-crore mark," said Ramji Subramaniam, managing director of the Bengaluru-based company. "The firm is looking to develop 5.5 million sq ft over the next two years in Bengaluru, Kerala and Tamil Nadu." The company had clocked about ₹850 crore in revenue in 2025 and is targeting a turnover of ₹1,500 crore by the end of FY27.