Poulomi Estates Enters Bengaluru Realty Market with ₹1,200-Crore Luxury Housing Project

Hyderabad-based real estate developer Poulomi Estates has entered the Bengaluru real estate market with the launch of a luxury residential project in North Bengaluru. The details of the new venture were announced by the company’s Director, Prashanth Rao, during a press conference on Wednesday.

The project will be developed on approximately nine acres at Thanisandra in North Bengaluru and entails an estimated investment of around ₹1,200 crore. Rao said the company has already spent close to ₹250 crore towards land acquisition and statutory approvals for the project.

The development will be funded through a mix of internal accruals, financial institution borrowings, and project sales, and will be completed within the stipulated timeline, he added.

Rao noted that North Bengaluru is rapidly emerging as a key residential hub, driven by the presence of major IT institutions and employment centres such as Manyata Tech Park. He expressed confidence that the proposed Metro rail connectivity would further enhance the region’s growth prospects in the coming years.

He also pointed out that the project enjoys proximity to essential social infrastructure including schools, colleges, hospitals, shopping malls, and multiplexes. Emphasising the company’s focus on quality, Rao said the project would be developed with superior construction standards and a strong emphasis on design and execution excellence. Poulomi Estates Head Strategy & Customer Relations Maruthi Rao, Chief Sales officer Sanjay Kumar Jha, Marketing Head Deba Pratim Sinha were presented in the conference.