Bengaluru-based real estate developer Sumadhura Group has outlined plans to invest ₹2,000 crore in FY26 across new residential launches, including plotted developments in Devanahalli and mid-market apartment projects in Whitefield, Outer Ring Road, and near Manyata Tech Park.

Alongside strengthening its Bengaluru and Hyderabad portfolios, the company is also preparing to enter Mumbai, Pune, Chennai, and Goa, with a focus on mid-to-premium housing before diversifying into other asset classes.

The new residential launches, including plotted developments in Devanahalli, will be priced between ₹75 lakh and ₹2 crore, along with mid-market projects in locations such as Whitefield, Outer Ring Road, and near Manyata Tech Park.

Commenting on the government’s decision to cut GST tax rates on key construction materials such as cement, granite, and marble, chairman and managing director Madhusudhan Gunda said it would reduce taxes on inputs and, in turn, bring down real estate project costs.

“It will benefit developers, while consumer savings on essentials and appliances will fuel housing demand. For families, this means greater affordability and the dream of home ownership becoming closer to reality. Together, these changes promise to energise the real estate sector and create a positive ripple effect across the economy.”

The company is also exploring expansion into Mumbai, Pune, Chennai, and Goa, starting with residential projects in the mid to premium segment before diversifying into other asset classes. Gunda said that the company remains focused on the mid-market housing segment, with apartments priced between ₹1.25 crore and ₹3 crore, while selectively exploring luxury homes that could go up to ₹7–8 crore.

Currently, Sumadhura has delivered more than 9,000 homes spanning 12 million sq ft, with another 10 million sq ft under construction and 10 million sq ft planned for launch in Bengaluru this financial year.

“In Bengaluru, upcoming launches will include one million sq ft of plotted developments in north Bengaluru and mid-market apartments in locations such as Whitefield, Outer Ring Road, and near Manyata Tech Park. While Devanahalli in the north will primarily see plotted projects, Whitefield and ORR will host premium and luxury apartments, with select towers limited to 30–40 units of up to 5,000 sq ft each,” Gunda said.

Sumadhura, which recently entered plotted development, plans to launch two million sq ft of plotted projects every fiscal year, with prices ranging from ₹75 lakh to ₹2 crore.

In Hyderabad, the company recently launched 2.6 million sq ft and has another four million sq ft under construction, reinforcing its focus on the city as a key growth market alongside Bengaluru.

Looking ahead, Sumadhura is evaluating entry into Mumbai, Pune, Chennai, and Goa, beginning with the residential segment before considering diversification into other asset classes, Gunda said.

In Mumbai, the company is exploring projects in Navi Mumbai, initially in the mid-segment range of ₹1.5–4 crore, before potentially moving into luxury housing and commercial developments. In Pune, the first projects are likely to be in Halapsar and other key residential clusters.

By 2026, the group expects to foray into Chennai and Goa, with the latter positioned as a market for second home and leisure residences starting from ₹1 crore.