Ramky Estates & Farms Ltd (REFL), part of the Ramky Group based in Hyderabad, has announced the acquisition of approximately 4.3 million square feet of stalled residential projects from Skylark Builders in Bengaluru. These projects have a significant revenue potential of about ₹2,000 crore and will require an estimated ₹1,500 crore to complete. To facilitate this, Ramky has secured a ₹600 crore fund from the SWAMIH Fund, aimed at ensuring timely execution and delivery. This strategic takeover is expected to benefit over 1,800 homebuyers, addressing the prolonged delays that have previously impacted customer confidence and project viability. Sharan Alla Reddy, executive director of REFL, emphasized the company's commitment to restoring trust through transparency and disciplined execution processes. The acquisition reflects a broader trend of institutional developers stepping in to revive stressed real estate assets. Ramky Estates is implementing a strong governance framework, which includes financial oversight, engineering checks, and transparent updates for customers to ensure accountability and timely delivery.