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Hindustan Times
4 days ago
- Business
- Hindustan Times
Sumadhura Group leases 5 lakh sq ft to global corporates in Bengaluru, eyes ₹50 crore annual revenue
Bengaluru-based Sumadhura Group has leased five lakh square feet of premium commercial space at its flagship tech park in Bengaluru's Whitefield to major global corporates for an annual rental revenue of ₹50 crore, the company said in a statement. Sumadhura Group has leased 5 lakh sq ft at its Whitefield tech park to global firms, generating ₹ 50 crore in annual rental income, the company said. (Picture for representational purposes only) (Pexels) Located in Sumadhura Capitol Towers, near Hope Farm Junction on Whitefield Main Road, these long-term lease agreements have lock-in periods ranging from three to five years. Confirmed office occupiers include First Brand Group, Terex India Pvt Ltd, and Saiharmony Solutions India Pvt Ltd. The retail occupiers include Blue Tokai, Belancia, Sinonna, The Harvest salad, the company told Commenting on the transaction, Madhusudhan G, chairman and managing director of Sumadhura Group, said that Bengaluru's Grade A office real estate continues to witness strong demand from both domestic and global occupiers. He pointed to rising infrastructure investments and metro connectivity as key drivers. Also Read: Bengaluru's Namma Metro Yellow Line to open on August 10: Will it drive real estate growth along the tech corridor? 'Among the city's major urban hubs, Whitefield has emerged as a top growth corridor, particularly with the metro expansion. The strong leasing activity at Sumadhura Capitol Towers reflects the area's transformation and demand resilience,' he said. Spread across 8.67 acres, Capitol Towers offers 1.5 million sq. ft of leasable space and features some of the largest commercial floor plates in the city. According to Colliers India, India's office market saw 17.8 million sq ft of gross leasing in Q2 2025, an 11% increase year-on-year. Bengaluru led all Indian cities in leasing activity, contributing 4.8 million sq ft, or 27% of the total. Demand also rose by 12% compared to Q1 2025, reaffirming the city's position as the country's leading commercial real estate market. Also Read: TCS layoffs: Will job cuts in the tech sector trigger a real estate downturn in Bengaluru? Sumadhura Group stated it will continue to expand its commercial real estate footprint, focusing on high-quality developments that prioritise design, sustainability, and long-term occupier satisfaction. Last year, Zomato leased 3.08 lakh sq ft at Sumadhura Logistics Park near Bengaluru. Bengaluru-based Sumadhura Group developed the built-to-suit warehousing park, and the deal was locked in for seven years.
Economic Times
7 days ago
- Business
- Economic Times
Sumadhura Capitol Towers leases 5 Lakh sq ft to leading corporates and retail brands in Bengaluru
Synopsis Sumadhura Group has leased 5 lakh sq. ft of commercial space at Sumadhura Capitol Towers in Bengaluru, generating ₹50 crore in annual revenue. The leases, spanning office and retail segments, include tenants like First Brand Group and Blue Tokai. This reflects Bengaluru's strong office market and Sumadhura's commitment to Grade A+ assets. Agencies Representational image Sumadhura Group, a real estate development in South India, has leased 5 lakh sq. ft of commercial space at its flagship development, Sumadhura Capitol Towers, located at Hope Farm Junction in Whitefield, Bengaluru. The leases span across both office and retail segments, reflecting strong market appetite for Grade A+ real estate in India's top-performing office market. These leasing deals are expected to generate annual revenues of ₹50 office occupiers include First Brand Group, Terex India, and Saiharmony Solutions India, representing sectors such as IT/ITeS, engineering, consulting, and AI. In the retail zone, Capitol Towers has curated a vibrant mix of tenants such as Blue Tokai (café & bakery), Sinonna & Mad Doh (pizzeria), The Harvest Salad (Mexican salad bar), Thyme & Whisk (fine dining), Belancia (salon & spa), and Klay (childcare/creche). Lease tenures range from 3 to 5 years, underlining long-term confidence in the location and G, Chairman & Managing Director, Sumadhura Group, said, 'Bengaluru's Grade A+ office real estate continues to draw robust demand from both Indian and global occupiers, fueled by the city's infrastructure growth, metro connectivity, and vibrant tech ecosystem. Among its emerging corridors, Whitefield stands tall as a preferred base for global capability centers and fast-growing enterprises.'Spread across 8.67 acres, Sumadhura Capitol Towers offers a total leasable area of 1.5 million sq. ft and boasts some of the largest commercial floorplates in Bengaluru. Designed by renowned architecture firm Morphogenesis, the project is LEED Gold certified and integrates sustainability with modern aesthetics and lifestyle amenities. 'The leasing momentum at Sumadhura Capitol Towers demonstrates the strategic advantage of our location, thoughtful design, and occupier-centric amenities. Our presence in Whitefield for over two decades has contributed to the area's evolution into a premium commercial and residential hub. We remain committed to delivering best-in-class office environments and high-street retail destinations that align with the future of work and urban lifestyle,' said Madhusudha. According to Colliers India, Bengaluru led India's office leasing activity in Q2 2025, accounting for 4.8 million sq. ft, or 27% of total space leased across top cities—further reinforcing its position as the country's top commercial real estate the leasing trajectory remains strong, Sumadhura Group continues to expand its commercial portfolio with a focus on grade-A assets, sustainability, and tenant experience.
