In view of the demand for quality office space rising in the region, Bengaluru-based realty firm Sumadhura Group has decided to invest about ₹500 crore over a period of time to develop a commercial complex with a leasable area of one million sq ft. The group, which has developed about 30 projects in Hyderabad and Bengaluru over the last 16 years, has bought 8 acre land parcel in Whitefield from Alembic group for this project, Chairman and MD Madhusudhan G said, elaborating that there is a great demand for Grade-A office space and the company is keen to focus on creating commercial assets for rental income. Prior to this, it did a small commercial complex in Hyderabad but now entering into commercial real estate in a big way. In the project, Sumadhura Group will develop a commercial complex at Whitefield comprising 1.5 million sq ft of built-up area and one million sq ft of leasable area and that the project cost would be met through internal accruals and construction finance from non-banking financial companies (NBFCs) and banks.
📅Published on:
06 September 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
