Real Estate: Umiya Buildcon Limited (BSE: 532376 | NSE: UMIYA-MRO), a publicly listed company, announced that it has acquired a prime 20,000 sq. ft. plot in Bengaluru’s Central Business District (CBD), off Cunningham Cross Road, for an upcoming ultra-luxury residential project.

The new plot, with a planned built-up area of around 55,600 sq. ft., adds a significant asset to Umiya’s premium real estate portfolio. The company plans to develop a design-focused, boutique residential project here, following its strategy of creating high-value, limited-inventory homes in Bengaluru’s most sought-after urban areas. This comes in addition to its ongoing luxury project in Candolim, Goa.

Mr. Aniruddha Mehta, Chairman and Managing Director of Umiya Buildcon, said, “This acquisition is an important step in strengthening Umiya’s premium real estate presence in Bengaluru. The CBD is one of the city’s most desirable micro-markets, and this development reflects our commitment to design excellence, urban connectivity, and long-term value. We remain focused on disciplined execution and delivering projects that meet the evolving expectations of homebuyers.”

Once completed, the project is expected to contribute nearly ₹200 crore to Umiya’s balance sheet while enabling capital-efficient development in the luxury segment. The limited availability of luxury residences in the CBD is likely to generate strong demand from both end-users and investors.

Located in one of Bengaluru’s most valuable corridors, the project is also expected to create long-term economic benefits through investment, construction employment, and the addition of premium residential inventory. This acquisition aligns with Umiya Buildcon’s strategy of strengthening its real estate portfolio with selective, design-led projects in high-demand urban markets.