Sumadhura group launches residential project in Bengaluru

Bengaluru-based realty major Sumadhura group has launched 'Sumadhura Nandanam', a luxury residential development, in the city and announced plans to start developing commercial office space in the city.

The group, which has focused on residential properties so far, sees a growing opportunity to boost its portfolio in the commercial Grade A office segment.

It plans to tap into this opportunity, which as per industry reports, is expected to grow to over 33 per cent in the next five years in Bengaluru. About 26 million sq ft of office space is scheduled for completion by 2020.

"Our customer-centric business model has been instrumental in the group's rapid growth. With a prominent presence across Bengaluru and Hyderabad over the last two decades, we are now entering the commercial office segment with a one million sq ft grade A plus office space in Whitefield, Bengaluru,” said Madhusudhan G, Chairman and Managing Director, Sumadhura group.

Over the last two decades, Sumadhura group has developed over 30 residential projects in Bengaluru and Hyderabad including over 5 million sq ft of residential projects under construction and of 8.2 million sq ft under planning.

The group plans to enter Chennai and Pune soon. Over the last two years, it has launched several marque projects.

HBL