Sowparnika Projects, a prominent real estate firm operating in South India, is in advanced discussions to raise ₹500 crore (approximately $60 million USD) to fund its ambitious expansion plans. The Managing Director, Ramji Subramaniam, stated that the firm aims to double its revenue from ₹850 crore to ₹1,500 crore by the fiscal year 2026-27. Over the next 18 to 24 months, the company plans to develop 5.5 million square feet of residential space across key markets including Bengaluru, Kerala, and Tamil Nadu. Currently, Sowparnika Projects caters to the mid and upper-mid residential market, with 60 to 70 percent of its customers being first-time home buyers. The firm has already secured land for development and is exploring new markets while also considering partial exits from previous investments. Additionally, Sowparnika has raised around ₹340 crore in debt from various financial institutions, including Blacksoil and Aditya Birla Capital.