Sumadhura Group has announced plans to invest ₹17,000 crore and launch 45 million sq ft of real estate projects over the next four years through 2030. The company plans to strengthen its presence in Bengaluru, Hyderabad, and Chennai while also exploring opportunities in the Mumbai real estate market, according to Madhusudhan G, Chairman and Managing Director, Sumadhura Group. He also said the company remains open to launching an Initial Public Offering (IPO) to raise funds over the medium to long term.
The company marked 30 years in business earlier this week and outlined its transition from a residential developer into a diversified real estate group. Sumadhura Group now operates across Bengaluru, Hyderabad, and Chennai and has expanded its portfolio across multiple asset classes. So far, the company has completed 56 projects covering more than 17 million sq ft, while another 15 million sq ft remains under development and more than 40 million sq ft sits in its project pipeline.
“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 ₹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,” the company said in its statement.
On the commercial side, Sumadhura Group plans to develop 4.2 million sq ft of Grade A office space, which could generate potential annual rental income of ₹700 crore. The expansion will also mark Sumadhura’s entry into premium commercial developments along Bengaluru’s Outer Ring Road (ORR). Consequently, the company aims to strengthen its commercial portfolio while building a larger base of rent-generating assets.
Furthermore, the company plans to expand its warehousing portfolio to 6 million sq ft of planned development, with potential annual rental income of ₹225 crore. Building on its logistics park in Hoskote, Bangalore, and its recent expansion into Chennai through a 1.2 million sq ft Grade A industrial and logistics park in Red Hills, Sumadhura Group will deepen its presence in the industrial and logistics segment. The company also aims to expand its portfolio of rent-yielding assets across key warehousing corridors.
According to Madhusudhan, Sumadhura Group has no immediate or short-term plans to launch an IPO to finance its expansion. “The ₹17,000 crore of planned investment over the four years will come from debt and pre-sales. We are aiming at debt of ₹3,000 crore and pre-sales of ₹14,000 crore to meet our total investment of ₹17,000 crore,” Madhusudhan said.
“In the medium term or long term, we may explore the option of floating an IPO, but it will not be immediately. We are also open to the Mumbai real estate market, including redevelopment opportunities. We keep looking at proposals, but we will enter when the opportunity and time are right for us,” he said.
Looking ahead, Sumadhura Group intends to consolidate its position in established markets while entering emerging growth corridors and strengthening its capabilities across different real estate segments. “Going forward, our focus will be on strengthening our position in established markets, expanding into emerging growth corridors, and building the capabilities to capture opportunities across India’s evolving real estate landscape,” Madhusudan said.
