The Sumadhura Group, based in Bengaluru, plans to invest Rs 2,000 crore in FY26 to initiate a combination of plotted and residential projects. Additionally, the Group is considering expansion into Mumbai, Pune, Chennai, and Goa, beginning with mid to premium housing.
Although the primary focus will remain on mid-market homes, Sumadhura is also assessing selective luxury projects with prices ranging from Rs seven to eight crore. Chairman and Managing Director Madhusudhan Gunda indicated that the development pipeline includes plotted projects in Devanahalli, with prices between Rs 75 lakh and Rs two crore, as well as mid-market housing in key Bengaluru areas such as Whitefield, Outer Ring Road, and Manyata Tech Park.
The Chairman expressed support for the governmentās GST reductions on cement, granite, and marble, stating, āThis will benefit developers, while consumer savings on essential goods and appliances will stimulate housing demand. For families, this translates to increased affordability and the realization of home ownership becoming more attainable.
Collectively, these adjustments are expected to invigorate the real estate sector and generate a positive ripple effect throughout the economy.
