Sumadhura Plans Six Luxury Projects In Bengaluru

The developments will together span more than 8 million sq ft of saleable area and comprise over 4,000 housing units, including more than 400 plotted developments. Spread across about 90 acres, the projects are located in key micro-markets such as Whitefield, Panathur and Marathahalli–Thubarahalli in East Bengaluru, and Rachenahalli and Devanahalli in North Bengaluru.

Among the upcoming launches are three RERA-approved residential projects—Folium by Sumadhura Phase 4 in Whitefield, Sumadhura Edition in Siddapura, and Sumadhura Solace in Thubarahalli. Additional developments include Sumadhura Elysium at Panathur, Solea by Sumadhura at Rachenahalli, and Sumadhura Panorama Phase 2 at Devanahalli, all scheduled for launch within FY 2026.

The company plans to invest about Rs 20 billion in FY 2026 on new residential launches, including plotted developments in Devanahalli priced between Rs 7.5 million and Rs 20 million. It is also planning mid-market projects in locations such as Whitefield, the Outer Ring Road and areas near Manyata Tech Park, according to Chairman and Managing Director Madhusudhan Gunda.

Sumadhura is also exploring expansion into markets such as Mumbai, Pune, Chennai and Goa, starting with mid-to-premium residential projects before diversifying into other asset classes. Gunda said the company remains focused on the mid-market housing segment, with apartments priced between Rs 12.5 million and Rs 30 million, while selectively developing luxury homes priced up to Rs 70–80 million.

Currently, Sumadhura has delivered more than 9,000 homes covering around 12 million sq ft. Another 10 million sq ft is under construction, with an additional 10 million sq ft planned for launch in Bengaluru during the current financial year.