Sumadhura Group plans to invest around Rs 400 crore to develop a housing project in Bengaluru.

The company has launched the second phase of ‘Sumadhura Panorama’ in Devanahalli, North Bengaluru. This new phase spans 34 acre and comprises around 450 villa plots, each costing more than Rs 1 crore, PTI reported.

Sumadhura Group will invest Rs 400 crore to develop this second phase of the project and expects a total revenue of Rs 700 crore, the company said.

In the first phase, the company had offered 550 plots across 50 acres, and around 80 per cent of them have been sold.

Madhusudhan G, Chairman and Managing Director, Sumadhura Group, said, “Homebuyers are increasingly seeking thoughtfully planned communities that offer more than land ownership – they are looking for quality infrastructure, lifestyle amenities, and long-term value.”

He noted that North Bengaluru has emerged as one of the city’s most promising growth corridors, driven by infrastructure projects, expanding employment hubs and enhanced connectivity.

In the last three decades, Sumadhura Group has delivered 56 projects, comprising over 17 million square feet.

The company has a presence in various real estate segments, including housing, office, warehousing and co-living.