Sowparnika Projects Seeks ₹500 Crore for Expansion in South India
Sowparnika Projects in talks to raise Rs 500 cr for expansion
The Economic Times
Image: The Economic Times
Sowparnika Projects, a Bengaluru-based real estate firm, is in advanced talks to raise ₹500 crore for expansion over the next 18 to 24 months. The company aims to develop 5.5 million sq ft across Bengaluru, Kerala, and Tamil Nadu, targeting a revenue increase from ₹850 crore in 2025 to ₹1,500 crore by FY27.
- 01Sowparnika Projects is raising ₹500 crore for expansion.
- 02The firm plans to develop 5.5 million sq ft in southern India.
- 03Revenue target is ₹1,500 crore by FY27.
- 04Discussions are ongoing with WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital.
- 05The company has already received some transaction approvals.
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Sowparnika Projects, a real estate firm based in Bengaluru, is in advanced discussions to raise ₹500 crore to support its expansion plans over the next 18 to 24 months. The company is targeting the development of 5.5 million square feet of real estate across southern India, specifically in Bengaluru, Kerala, and Tamil Nadu. Ramji Subramaniam, the managing director, stated that they are in talks with several financial partners, including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital, with some approvals already secured. The firm aims to increase its revenue from approximately ₹850 crore in 2025 to ₹1,500 crore by the end of FY27, reflecting its ambitious growth strategy in the competitive real estate market.
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The expansion could lead to increased job opportunities and economic activity in the real estate sector in Bengaluru, Kerala, and Tamil Nadu.
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