Sumadhura Group to invest Rs 17,000 crore in developing 45 million sq ft in four years
Sumadhura Group plans a Rs 17,000 crore investment for 45 million sq. ft. development. This includes 35 million sq. ft. of residential projects and luxury villas. The company will also develop 4.2 million sq. ft. of Grade A office space. Additi...
Strengthening its residential portfolio, the Group plans to launch 35 million sq. ft. across its core markets, with an estimated Gross Development Value (GDV) of Rs 38,000 crore. The group plans to foray into the luxury villas segment and expand its land bank in high-growth micro-markets across three cities.
On the commercial front, the Group plans to develop 4.2 million sq. ft. of Grade A office space, with a potential annual rental income of Rs 700 crore. This will include Sumadhura’s entry into premium commercial developments along Bengaluru’s Outer Ring Road (ORR), strengthening its commercial presence and building a sizable base of rent-yielding assets.
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Further, Sumadhura also aims to scale up its warehousing portfolio with 6 million sq. ft. of planned development and a potential annual rental income of Rs 225 crore. Building on the success of its logistics park in Hoskote, Bangalore and its recent entry into Chennai with a 1.2 million sq. ft. Grade A industrial and logistics park in Red Hills, this expansion will deepen the Group’s presence in the industrial & logistics segment and scale-up its portfolio of rent-yielding assets across the key warehousing corridors.
“The next decade of India's growth story will be shaped by rapid urbanisation, stronger infrastructure and emerging economic corridors. Vision 2030 is Sumadhura's response to this opportunity, reflecting our ambition to scale alongside the country's evolving needs. This expansion is a strategic move to build sustained, annuity-backed growth, across Bengaluru, Hyderabad and Chennai,” said Madhusudhan G, Chairman & Managing Director, Sumadhura Group.
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With over 56 projects delivered, spanning over 17 million square feet, 15 million square feet ongoing and over 40 million square feet in the pipeline, Sumadhura is evolving beyond residential developments and has expanded its portfolio into commercial, warehousing, co-living, and other real estate verticals to cater to diverse customer needs.
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