India, June 13 -- Bengaluru-based real estate developer Sumadhura Group has acquired a 5-acre land parcel on Soukya Road in East Bengaluru. The upcoming residential project on the site is expected to generate revenues of around Rs.500 crore, the company said in a statement.

"This acquisition is a strategic move that reflects our understanding of the evolving real estate landscape in East Bengaluru," said Madhusudhan G, chairman and managing director of Sumadhura Group. "Soukya Road is fast becoming a preferred residential location, offering a rare mix of peaceful living, excellent infrastructure, and strong investment potential. Projects in such emerging corridors will not only deliver value to customers but also support long-term apprec...