Mumbai, Nov. 27 -- The company plans to develop a high-end, ultra-luxury boutique residential project on the site, which carries a planned built-up potential of around 55,600 sq. ft.

The acquisition marks a significant expansion of Umiya Buildcon's premium real estate portfolio and aligns with its strategy of focusing on design-led developments in high-demand, supply-constrained micro-markets like Bengaluru's CBD.

The project is expected to contribute an estimated Rs.200 crore to the company's balance sheet upon completion, supported by strong demand for luxury residences in the micro-market where new supply remains limited. It is also expected to add to premium housing stock and spur incremental economic activity in the region.

Commen...