The Sumadhura Group has officially entered the plotted development sector with its new project named Panorama. This venture, located in Devanahalli, North Bengaluru, encompasses 100 acres of land, with the initial phase covering 50 acres and offering 539 plots ranging from 1,200 sq ft to 7,000 sq ft. The company anticipates a revenue of Rs 1,500 crore from this project, with phase-one completion targeted for December 2027.
- Sumadhura Group launches its first plotted development project, Panorama, in Bengaluru.
- The project spans 100 acres, with 539 plots available in the initial phase.
Details of the Panorama Project
Sumadhura Group’s entry into the plotted development market marks a significant expansion of its portfolio. The Panorama project, strategically located in Devanahalli, is poised to cater to the growing demand for residential plots in Bengaluru. The entire project covers an expansive 100 acres, while the first phase is set on 50 acres, offering a range of plot sizes from 1,200 sq ft to 7,000 sq ft. This variety aims to attract a diverse clientele, including first-time homebuyers and investors looking for spacious plots. The company’s ambitious revenue target of Rs 1,500 crore underscores its confidence in the project’s potential success. The plots are designed to provide ample space for individuals and families seeking to build their dream homes in a developing area.
Future Phases and Market Outlook
The initial phase of the Panorama project is scheduled for completion by December 2027, with plans for additional phases already in the pipeline. Sumadhura Group aims to respond to the increasing residential demand in the rapidly growing Devanahalli region. The anticipated success of this project could position the company as a major player in the plotted development sector. As the market for residential plots continues to expand, Sumadhura Group’s initiative may pave the way for further developments in North Bengaluru. With its strategic location near major infrastructure and amenities, Panorama is expected to attract buyers seeking a blend of accessibility and tranquility.
As the real estate market evolves, the demand for plotted developments is likely to increase, providing opportunities for companies like Sumadhura Group to innovate and expand. The project not only supports the housing needs of the local populace but also contributes to the overall growth of the region.
Future Impact of Sumadhura’s Move
This foray into plotted development may have several implications for the real estate sector and local communities. The successful launch of Panorama could inspire other developers to pursue similar projects, thus enhancing the housing landscape in Bengaluru.
