Latest news with #Workship
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.
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Business Standard
27-05-2025
- Business
- Business Standard
Sumadhura launches Workship, targets 10,000 flex seats in 3 years
Bengaluru-based real estate major Sumadhura Group has forayed into the managed office space business with Workship, under which it aims to lease over a million square feet and more than 10,000 seats over the next three years. The foray underscores the rising demand for flexible workspaces across sectors and the revenue opportunity it provides for real estate majors. Located within Sumadhura Group's commercial space Capitol Towers in Whitefield, Bengaluru, Workship spans over 1.22 lakh square feet of space and has added 1,500 seats in its first phase. The group aims to add 1,500 seats more by August 2025 as part of the expansion. Madhusudhan G, Chairman and Managing Director, Sumadhura Group, said, 'India is witnessing a significant shift in how workspaces are perceived and utilised, with a growing demand for high-quality, flexible, and premium managed office spaces. Bengaluru and Hyderabad are leading this transformation, and we are thrilled with the overwhelming response to Workship in this market.' The group has witnessed growing demand across sectors, including IT and ITeS, GCCs, pharma, agri-tech, and BFSI, for flexible workspaces. 'The strong interest from sectors such as IT/ITeS, agri-tech, and pharma reaffirms our belief that premium managed spaces—backed by real estate credibility and end-to-end operational control—represent the future of work in India. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognising its growing prominence as a key GCC hub and a high-potential premium office space market,' Madhusudhan G added. The company highlighted that Workship is a state-of-the-art workspace designed with hand-painted art and premium amenities. It features an arrival lounge, collaborative zones, private offices, a podcast studio, and dedicated wellness areas. Occupiers enjoy 24/7 access and can seamlessly manage daily operations through a dedicated mobile app, creating a modern and efficient work environment. Workship will be competing against Simpliwork, Indiqube, Urban Vault, among others, in India's tech hub. Sumadhura aims to redefine the managed office space experience by combining its core strength in real estate development with a hospitality-led approach to workspace management.
Hindustan Times
27-05-2025
- Business
- Hindustan Times
Sumadhura Group forays into managed office spaces, to lease 1 mn sq ft of space in next 3 years
Bengaluru-based real estate developer Sumadhura Group has 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. Since its launch, Workship has delivered more than 50,000 square feet of managed office space—comprising over 1,500 seats—within just three months. Buoyed by strong demand, the company plans to add another 1,500 seats in the same development by August 2025. Also Read: Sumadhura Group acquires 40 acres of land in Bengaluru for ₹800 crore; to develop four housing projects 'Our goal of reaching one million square feet of managed office space over the next three years reflects our confidence in this growth trajectory. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognising its growing prominence as a key GCC hub and a high-potential premium office space market," Madhusudhan G, chairman and managing director, Sumadhura Group, said. Workship offers a premium range of amenities, including an arrival lounge, collaborative zones, private offices, a podcast studio, and wellness areas.
Time of India
27-05-2025
- Business
- Time of India
Sumadhura Group forays into managed office spaces, aims to lease 1 million sq. ft of space over the next three years
Sumadhura Group , a prominent real estate developer , has made its entry into the managed office space (MOS) segment with the launch of its premium workspace brand – Workship – in Bengaluru. Strategically located within Capitol Towers , Sumadhura's flagship commercial development in Whitefield, Bengaluru, Workship spans over 1.22 lakh square feet and offers more than 3,000 seats. With the growing demand for flexible workspaces across sectors such as IT & ITeS, Global Capability Centers (GCCs), pharmaceuticals, agri-tech, BFSI, and manufacturing, Sumadhura aims to scale significantly. The group plans to lease over 1 million square feet of managed office space, adding more than 10,000 seats over the next three years, positioning itself as a key player in India's evolving workspace ecosystem. The debut phase of Workship – comprising over 50,000 square feet and 1,500 seats – was fully leased within just three months of launch. Tenants from IT, pharma, and agri-tech sectors were among the early adopters, validating strong market interest. Buoyed by this momentum, Sumadhura has announced the addition of another 1,500 seats within the same Capitol Towers complex, scheduled for completion by August 2025. This rapid expansion reflects both market confidence and Workship's growing reputation as a premium managed workspace provider. Madhusudhan G, Chairman & Managing Director, Sumadhura Group, said: 'India is witnessing a significant shift in how workspaces are perceived and utilized, with a growing demand for high-quality, flexible, and premium managed office spaces . Bengaluru and Hyderabad are leading this transformation'. He further said that the strong interest from sectors such as IT/ITeS, agri-tech, and pharma reaffirms our belief that premium managed spaces—backed by real estate credibility and end-to-end operational control—represent the future of work in India. 'Our goal of reaching one million square feet of managed office space over the next three years reflects our confidence in this growth trajectory. Looking ahead, we plan to expand Workship in Hyderabad by 2027, recognizing its growing prominence as a key GCC hub and a high-potential premium office space market'. With Workship, Sumadhura Group aims to redefine the managed office space experience by combining its core strength in real estate development with a hospitality-led approach to workspace management. The group has delivered more than 54 projects, covering over 13 million square feet, with an additional 40 million square feet currently in the pipeline. In addition to residential developments, the group has diversified its portfolio to include commercial spaces, warehousing, co-living arrangements, and other real estate sectors.
