Sumadhura Group acquires 40 acres of land in Bengaluru for ₹800 crore; to develop four housing projects
8 months, 2 weeks ago

Sumadhura Group acquires 40 acres of land in Bengaluru for ₹800 crore; to develop four housing projects

Hindustan Times  

Sumadhura Group, a real estate developer active in South India, has said that it has 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. Sumadhura Group plans to develop four residential projects on these sites - three in the east and one in south west Bengaluru over the next five years with an estimated potential of attaining six million sq ft of saleable area, the company said. This expansion assumes significance in the booming residential market, as housing prices in Bengaluru have risen by 18% year-on-year in the third quarter, driven largely by demand in the Periphery and Outer East region, according to a report released by CREDAI, the real estate industry body, Colliers and Liases Foras said.

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History of this topic

Farmers up in arms against land acquisition for Bengaluru’s SWIFT City
1 week ago

Farmers up in arms against land acquisition for Bengaluru’s SWIFT City

New Indian Express  

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New infra corridors spark a flurry of land deals in the Bengaluru real estate market in 2024
1 week, 3 days ago

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Hindustan Times  

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Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru
3 months, 3 weeks ago

Sumadhura Group leases 1.8-lakh sq ft warehousing space to Nippon Express in Bengaluru

Hindustan Times  

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Sumitomo acquires 8,054 sq m land from The Bombay Dyeing and Manufacturing Company for ₹440 crore in Mumbai
3 months, 4 weeks ago

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Hindustan Times  

Goisu Realty Private Limited, a subsidiary of Japanese real estate developer Sumitomo Realty & Development Company, has acquired a 8,054-square metre land parcel from The Bombay Dyeing and Manufacturing Company Limited in the city's Lower Parel area for ₹440 crore, property registration documents accessed through real estate data analytics platform Propstack showed. Sumitomo acquires 8,054 sq m land from The …

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar
4 months, 1 week ago

Bengaluru's top real estate deal: Residential property sells for ₹47 crore in Indiranagar

Hindustan Times  

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Puravankara acquires 7-acre land parcel in Bengaluru to develop housing project worth ₹900 crore
6 months ago

Puravankara acquires 7-acre land parcel in Bengaluru to develop housing project worth ₹900 crore

Hindustan Times  

Bengaluru-based real estate developer Puravankara Ltd has acquired a 7.26-acre land parcel in the Hebbagodi suburb of Bengaluru to develop a luxury residential project worth over ₹900 crore, the realty player said in a statement on July 2. Puravankara Ltd acquires 7-acre land parcel in Bengaluru to develop a housing project worth ₹ 900 crore The high-end housing project will …

Deepinder Goyal bought 5 acres for ₹79 crore in Delhi’s biggest land deal in FY2024; 29 land deals closed in Delhi-NCR
8 months, 1 week ago

Deepinder Goyal bought 5 acres for ₹79 crore in Delhi’s biggest land deal in FY2024; 29 land deals closed in Delhi-NCR

Hindustan Times  

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Kanodia Group acquires land in Gurugram for ₹153 crore; plans to develop a luxury housing project
8 months, 3 weeks ago

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Hindustan Times  

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8 months, 4 weeks ago

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Hindustan Times  

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Prestige Group acquires 21 acres of land in Whitefield, Bengaluru, for ₹450 crore
9 months ago

Prestige Group acquires 21 acres of land in Whitefield, Bengaluru, for ₹450 crore

Hindustan Times  

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Prestige Group buys Bengaluru land parcel for ₹450 crore
9 months ago

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Live Mint  

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MHADA gets back ₹500 crore given for railway land to develop Dharavi Project
1 year, 1 month ago

MHADA gets back ₹500 crore given for railway land to develop Dharavi Project

Hindustan Times  

Mumbai: The Maharashtra Housing and Area Development Authority on Friday received ₹500 crore for the acquisition of railway land for the Dharavi Redevelopment Project. MHADA on Friday got back ₹500 crore given for the railway land development. “It was decided that once the developer is appointed for the Dharavi Redevelopment Project the money taken from MHADA will be given back …

At least 59 land deals totalling 2,018 acres closed so far this year: Report
1 year, 4 months ago

At least 59 land deals totalling 2,018 acres closed so far this year: Report

Hindustan Times  

At least 59 land deals have been struck involving 2,018 acres so far this year across the country for the development of real estate projects and industrial purposes, according to Anarock. "Our latest research indicates that as many as 59 separate land deals for over 2,018 acres have been closed across the country between January to August 2023," Anuj Puri, …

Mahindra Lifespace acquires 4.25 acres of land parcel in Bangalore
1 year, 11 months ago

Mahindra Lifespace acquires 4.25 acres of land parcel in Bangalore

Business Standard  

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