Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO), a publicly listed dual-sector company, has announced the acquisition of a 20,000 sq. ft. prime plot in Bengaluru’s Central Business District (CBD), off Cunningham Cross Road, for the development of an upcoming ultra-luxury boutique residential project.
The parcel, with a planned built-up potential of approximately 55,600 sq. ft., marks a significant addition to Umiya’s premium real estate portfolio. The company intends to create an exclusive, design-led residential development, aligned with its strategy of delivering high-value, limited-inventory homes in Bengaluru’s most sought-after urban micro-markets. This acquisition complements Umiya’s ongoing project in Candolim, Goa, a centrally located luxury destination.
Mr. Aniruddha Mehta, Chairman & Managing Director, Umiya Buildcon Limited, said: “This acquisition marks an important step forward in our ambition to strengthen Umiya’s premium real estate footprint in Bengaluru. The CBD remains one of the most sought-after micro-markets in the city, and this planned development aligns with our commitment to creating spaces that embody design excellence, urban connectivity, and long-term value.”
Upon completion, the project is expected to add nearly Rs.200 crore to Umiya’s balance sheet, enabling capital-efficient deployment and strong returns from luxury demand in a supply-constrained CBD market.
Situated in one of Bengaluru’s most valuable corridors, the development is anticipated to generate long-term economic activity through capital investment, employment during the construction cycle, and the addition of premium residential inventory. Umiya Buildcon expects strong interest from both end-users and investors, given the scarcity of new luxury residential offerings in the CBD.
This initiative reflects Umiya Buildcon’s broader strategy to strengthen its real estate vertical through selective, design-led projects in high-demand urban markets, reinforcing its position as a developer of premium, future-ready homes.
