India, Sept. 9 -- Bengaluru-based Sumadhura Group plans to invest Rs.2,000 crore in FY26 in new residential launches, including plotted developments in Devanahalli, priced between Rs.75 lakh to Rs.2 crore, along with mid-market projects in locations such as Whitefield, Outer Ring Road, and near Manyata Tech Park, chairman and managing director Madhusudhan Gunda told HT.com.

Commenting on the government's decision to cut GST tax rates on key construction materials such as cement, granite, and marble, he said it would reduce taxes on inputs and, in turn, bring down real estate project costs.

"It will benefit developers, while consumer savings on essentials and appliances will fuel housing demand. For families, this means greater affordabi...