Sumadhura Group, a Bengaluru based realty major, at the launch of their super luxury project ‘Sumadhura Nandanam’ in Bengaluru, announced their plan to foray into commercial office space in the city. The company which has majorly focused on residential properties so far, sees a growing opportunity to boost their portfolio in the lucrative commercial Grade A office segment, which is experiencing a growth trajectory. They plan to tap into this opportunity, which as per industry report is expected to grow to over 33% in the next five years in Bengaluru and with 26 million sft of office space scheduled for completion by 2020.
Over the last two decades, Sumadhura Group has made major inroads into Bengaluru and Hyderabad markets with over 30 residential projects, which includes a current portfolio of 5 million sft of residential projects under construction and of 8.2 million sft under planning. They have plans to enter into newer markets of Chennai and Pune soon. Over the last two years the company has launched several marque projects, which include the recently launched 14-acre, 1113-unit residential project ‘Sumadhura Eden Garden’ and 4.2-acre residential project ‘Sumadhura Soham’ in East Bengaluru. The company had also launched a 300-crore residential project ‘Sumadhura Acropolis’, a 4-acre project in Hyderabad, which is expected to be completed by 2019. The over four-acre project will offer a total saleable area of more than 1 million sft.