Latest news with #MadhusudhanG
Hindustan Times
07-08-2025
- 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.
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Business Standard
07-08-2025
- Business
- Business Standard
Sumadhura Group invests ₹1,000 cr in Capitol Towers for commercial use
Bengaluru-based real estate developer Sumadhura Group has invested Rs 1,000 crore in Capitol Towers and has leased out five lakh square feet to marquee global office and retail tenants at its flagship commercial tech park. The leases are expected to generate Rs 50 crore in annual revenue. Located at Hope Farm Junction in Whitefield, Sumadhura Capitol Towers has secured long-term leases from leading companies across information technology (IT), IT-enabled services (ITeS), consulting, engineering, and artificial intelligence, reinforcing its position as a premium commercial destination for global businesses. Madhusudhan G, chairman and managing director, Sumadhura Group, said: 'Bengaluru's Grade A+ office real estate continues to draw strong interest from both domestic and global occupiers, driven by robust infrastructure growth, rising demand, and enhanced connectivity. The strong leasing momentum at Sumadhura Capitol Towers, backed by its prime location, design, and tenant-centric features, reflects the sustained demand and resilience of Bengaluru's commercial real estate market. With a solid footprint in Whitefield for over two decades now, Sumadhura has played a vital role in this micro-market's transformation. As we continue to deliver premium office spaces and curated retail experiences, we remain focused on raising the bar in design, sustainability, and occupier satisfaction — creating long-term value for all stakeholders.' Sumadhura Capitol Towers spans across approximately 8.67 acres with a leasable area of 1.5 million square feet. Designed by the renowned Morphogenesis, the project is a Grade A+ office destination and holds the prestigious US Green Building Council (USGBC) LEED Gold certification, reflecting its strong focus on sustainability. With over 54 projects delivered, spanning over 13 million square feet, and up to 40 million square feet in the pipeline, Sumadhura operates in Bengaluru and Hyderabad. The company started off as residential developers and has since expanded into commercial, warehousing, co-living, and other real estate segments.
Time of India
19-07-2025
- Business
- Time of India
Karnataka's new land regularisation policy to free up thousands of acres for development
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Bengaluru: The Karnataka government has approved a regulation to legalise properties that lacked fully compliant ownership records or are unregistered in Bengaluru, a decision that is expected to unlock vast land parcels in the city's peripheral move is projected to free up thousands of acres, curtail illegal land sales and ease an acute land supply shortage plaguing India's tech capital, developers and industry bodies said. On other hand, some urban planners and civic activists raised concerns about the possibility of misuse of the policy while also warning that many of these sites are in ecologically sensitive regulation, passed by the state cabinet and notified this week, will allow properties in 110 village areas that were added to the Bengaluru municipal corporation limits to convert to A-Khata, which certifies that a property is fully compliant with all regulations and has clear ownership titles. These properties previously had B-Khatas.B-Khata was being issued by BBMP for irregular plots or properties since 2009. The process of issuing. It was stopped on 30th September 2024.'It is learnt that it has been decided that if this B-Khata was issued on the basis of government circulars, it can be considered as A-Khata. Otherwise, it can be considered as a proper Khata andconsidered as authentic for legal purposes,' mentioned the properties include revenue sites, gram panchayat-approved layouts and properties with incomplete documentation, many of which have existed in legal limbo for over two insiders said the regulation will unlock a substantial stock of urban land that was previously unutilised due to legal uncertainty, potentially easing the pressure on Bengaluru's real estate market. It will also curb the rampant sale of unapproved small plots and unauthorised subdivisions, which have long undermined urban planning on the city's outskirts, they said. Land prices have doubled in the city in the last four years due to a shortage of properties with clear the new framework, property owners can apply for regularisation through a self-declaration scheme by paying a one-time penalty and complying with basic conditions. Crucially, once regularised, these properties will be eligible for A-Khata certificates, making them legally recognised and fit for sale, construction and civic to experts, with more than 1.5 million properties estimated to fall under this scheme, the municipal corporation, Bruhat Bengaluru Mahanagara Palike (BBMP), is expected to receive a major boost in property tax revenue , estimated to be by Rs 1,200-1,500 crore annually.'This is a win-win. The government earns revenue, the owners get legal recognition, and the city gets a chance to plan better,' said Madhusudhan G, chairman and managing director at real estate developer Sumadhura Group. 'It also brings a sense of confidence for institutional investors and banks that were earlier wary of land in peripheral areas.'The decision comes at a time when Bengaluru is grappling with a shortage of legally clean land parcels for residential and industrial to developers, many large players had stayed away from B-Khata zones due to lack of title clarity, resulting in reduced supply and surging prices in approved layouts.'This will partially solve the land crunch we are facing in the market. With title risk removed, the city will see a wider canvas for development,' said Mallanna Sasalu, chief executive – South at real estate firm Puravankara . 'We will also see greater compliance going forward. This will stop indiscriminate cutting and selling of plots before the infrastructure catches up,' he estimate that land prices in regularised areas could rise by 15–25% in the next 12 months, as demand picks up and formal financing becomes accessible to both developers and end new law also seeks to plug the loopholes that enabled unregulated growth in building the regularisation window closes, no new property in the BBMP limits can be sold without a proper Khata or layout approval. Officials said this would discourage fragmented land sales, prevent violations near lakes and drains, and pave the way for stricter planning planners and civic activists said the policy must be carefully implemented to avoid its misuse.'There are valid fears about over-regularisation. Many of these sites are located in ecologically sensitive areas. If regularised blindly, it could lead to environmental degradation,' said an urban governance experts said the state is now acknowledging the de facto urbanisation that has already happened and offering a formal pathway forward. If implemented transparently and tied to robust zoning enforcement, the reform could become a model for other fast-growing Indian cities battling unregulated sprawl.
Hindustan Times
13-06-2025
- Business
- Hindustan Times
Sumadhura acquires land parcel in East Bengaluru, eyes ₹500 crore revenue
Bengaluru-based real estate developer Sumadhura Group has acquired a 5-acre land parcel on Soukya Road in East Bengaluru. The upcoming residential project on the site is expected to generate revenues of around ₹500 crore, the company said in a statement. 'This acquisition is a strategic move that reflects our understanding of the evolving real estate landscape in East Bengaluru,' said Madhusudhan G, chairman and managing director of Sumadhura Group. 'Soukya Road is fast becoming a preferred residential location, offering a rare mix of peaceful living, excellent infrastructure, and strong investment potential. Projects in such emerging corridors will not only deliver value to customers but also support long-term appreciation.' The land deal highlights Sumadhura's focus on expanding its footprint in key high-growth areas. With multiple projects already delivered across Bengaluru and Hyderabad, the group is looking to further scale its presence across the micro-markets. Soukya Road, located near Whitefield, is a rapidly emerging real estate destination. The locality offers convenient access to the Purple Line metro at Kadugodi and ITPL, as well as important arterial roads like NH-75 and SH-35. Sumadhura has delivered more than 50 projects in its area of operation, spanning over 11 million square feet. Currently, it is in the planning and construction stages of up to 40 million square feet. Also Read: Sumadhura Group forays into managed office spaces, to lease 1 mn sq ft of space in next 3 years In April, the Group said that it acquired 40 acres in Bengaluru for approximately ₹800 crore, setting the stage for a revenue potential of up to ₹6000 crore residential project pipeline to cater to the demand for housing units in Bengaluru. The four land parcels acquired recently are a combination of both solely owned and joint-development projects located in Bengaluru's high-growth corridors, including emerging areas in East and South-West Bengaluru, the company said. In May, the company entered the managed office space (MOS) segment with the launch of Workship. The company aims to lease over 1 million square feet of flexible office space, offering more than 10,000 seats over the next three years. Workship is located within Sumadhura's commercial property, Capitol Towers, in Whitefield, Bengaluru. Spanning 1.22 lakh square feet, it currently offers over 3,000 seats.
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Business Standard
12-06-2025
- Business
- Business Standard
Sumadhura Group buys 5-acre plot in East Bengaluru for ₹500 cr project
Bengaluru-based real estate developer Sumadhura Group has acquired a 5-acre land parcel on Soukya Road in East Bengaluru. The site is earmarked for a forthcoming residential project, which is expected to generate revenue of ₹500 crore upon completion, the company said. 'The acquisition of this prime land on Soukya Road is a strategic move, underscoring our deep understanding of East Bengaluru's evolving real estate landscape. We are committed to developing projects on such strategically located land banks, which promise not just strong appreciation but also an elevated living experience for our valued customers,' Madhusudhan G, Chairman and Managing Director, Sumadhura Group, said. Looking ahead, the company stated it would continue driving the future of urban living by delivering a distinguished portfolio of real estate developments across Bengaluru and Hyderabad. Soukya Road in East Bengaluru offers affordable plots and villas set in tranquil, green surroundings. With excellent connectivity, proximity to metro stations, IT hubs and essential amenities, Soukya Road presents a well-balanced lifestyle and strong investment potential, driven by ongoing infrastructure development and increasing demand. Sumadhura Group operates across Bengaluru and Hyderabad. Under its portfolio, the realtor has delivered over 54 projects, spanning over 13 million square feet. Further, it has up to 40 million square feet in the pipeline. In May, as part of its expansion strategy, the group launched its managed office space brand, 'Workship'. Through this initiative, it aims to lease over one million square feet and more than 10,000 seats over the next three years.
