Bengaluru, Nov 29: Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO), a publicly listed dual-sector company, today announced the acquisition of a prime 20,000 sq. ft. plot in Bengaluru’s Central Business District (CBD), off Cunningham Cross Road, for the development of an ultra-luxury residential project. The site offers a planned built-up potential of approximately 55,600 sq. ft. and represents a significant addition to Umiya’s premium real estate portfolio.
The company plans to develop a design-led, boutique residential project, reinforcing its strategy of delivering high-value, limited-inventory homes in Bengaluru’s most sought-after urban micro-markets. This follows its ongoing luxury development in Candolim, Goa, a central and highly popular destination.
Mr. Aniruddha Mehta, Chairman and Managing Director, Umiya Buildcon Limited, said;
“This acquisition is a key milestone in strengthening Umiya’s premium footprint in Bengaluru. The CBD remains one of the city’s most coveted micro-markets, and this development underscores our commitment to creating spaces that combine design excellence, urban connectivity, and long-term value. Our focus will continue to be on disciplined execution and delivering future-ready, customer-centric homes aligned with evolving buyer expectations.”
The project is expected to add nearly ₹200 crore to Umiya’s balance sheet and facilitate capital-efficient development in the luxury segment. With limited residential supply in the CBD, the project is anticipated to attract strong interest from both end-users and investors, while generating long-term economic activity through construction-related employment and premium residential inventory.
This acquisition aligns with Umiya Buildcon’s broader strategy to expand its real estate vertical through selective, design-led projects in high-demand urban markets, strengthening its position in the ultra-luxury segment.