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Umiya Buildcon Limited announced earlier this week that it had acquired a 20,000 sq. ft. super-prime parcel off Cunningham Cross Road in Bengaluru's Central Business District to develop an ultra-luxury, design-led boutique residential project. With a planned built-up area of about 55,600 sq. ft., the project reinforces the company's strategy of focusing on limited-inventory, high-value homes in tightly held micro-markets. The acquisition adds to Umiya's growing premium real estate portfolio, which also includes its ongoing development in Candolim, Goa, one of the most centrally located and in-demand coastal destinations.
Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO), a publicly listed company operating across two sectors, recently announced that it had secured a prime plot in Bengaluru's Central Business District (CBD), located off Cunningham Cross Road, for its next ultra-luxury residential development. Advertisement
The 20,000 sq. ft. newly acquired parcel is categorised as super-prime and carries a development potential of roughly 55,600 sq. ft. According to the company, this site will be used to create an exclusive boutique residential project designed to serve the uppermost end of Bengaluru's urban homebuyer market.The company already has an ongoing project in Candolim, Goa-one of the most centrally positioned and highly frequented areas of the coastal state-further strengthening its presence in premium lifestyle geographies.
Mr Aniruddha Mehta, Chairman and Managing Director of Umiya Buildcon Limited, remarked that the acquisition represented an important advancement in the company's effort to expand its premium real estate presence in Bengaluru. He conveyed that the CBD continued to remain one of the city's most sought-after residential corridors, and the proposed development reflected Umiya's commitment to design excellence, strong urban connectivity, and long-term asset value. He added that the company would maintain its disciplined execution approach while ensuring that new developments remained future-ready and aligned with evolving buyer expectations.
Upon completion, the project is expected to contribute close to INR 200 crore to Umiya's balance sheet, giving the company a capital-efficient structure for development in the luxury housing segment. The model is projected to yield strong returns, driven by robust luxury-housing demand in the CBD-a zone marked by extremely limited availability of new residential supply. The location's value, scarcity of land, and established premium profile position the project favourably for both end-users and investors seeking long-term price stability.
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