Realty firm Sumadhura Group has announced a significant investment of ₹2,000 crore to construct a housing project in Bengaluru. According to reports from The Economic Times and PTI, the company has signed a Joint Development Agreement (JDA) with a land owner to build a residential project on a 17-acre land parcel in Whitefield-Kannamangala Corridor, East Bengaluru. The project will deliver 2.5 million square feet of saleable residential space.
Madhusudhan G, Chairman & Managing Director of Sumadhura Group, emphasized the growth potential in Whitefield-Kannamangala Corridor, as reported by The Economic Times. The company has completed 56 projects spanning over 17 million square feet and maintains a robust pipeline exceeding 40 million square feet. Beyond housing, the Bengaluru-based group operates across office, retail, warehousing and co-living segments of the real estate sector.
In June, Sumadhura Group announced an investment of around ₹400 crore to develop the second phase of 'Sumadhura Panorama' in Devanahalli, North Bengaluru, according to The Economic Times. This new phase spans 34 acres and comprises around 450 villa plots, each costing more than ₹1 crore. In the first phase, the company had offered 550 plots across 50 acres.
The Sumadhura Group project comes amid significant residential development activity in Whitefield, with multiple major developers launching projects in the area. Recent launches include Prestige Elm Park offering 3 & 4 BHK apartments from ₹2.18 crore with possession targeted for August 2026, and Prestige Evergreen featuring 3, 3.5, 4, 4.5 and 5 BHK units. The competitive landscape reflects strong investor confidence in Whitefield's real estate potential, with developers positioning projects across different price segments and unit configurations.
