Sugam Plans Three Residential Projects Spanning 5.5 Million Sq Ft, Targets ₹800 Crore Sales in FY27

By The Realty Times | Real Estate News Services

Kolkata: Kolkata-based real estate developer Sugam is planning an ambitious expansion in FY27, with the launch of three residential projects covering a combined area of approximately 5.5 million sq ft. The projects will involve an estimated construction cost of more than ₹2,800 crore, reflecting the company's growing focus on expanding its residential portfolio.

The developer is targeting sales worth ₹750–800 crore during FY27, nearly double the approximately ₹375 crore recorded in FY26. The projected growth highlights Sugam's confidence in the residential property market and its plans to strengthen its presence through new project launches.

Three Major Residential Projects Planned

The proposed developments, together spanning around 5.5 million sq ft, are expected to form a significant part of Sugam's expansion strategy for the financial year 2026–27.

With a combined construction investment exceeding ₹2,800 crore, the projects are expected to add substantial residential inventory to the company's portfolio. The planned launches also indicate the developer's intention to capitalise on housing demand and emerging opportunities in the property market.

Sales Target Nearly Doubled for FY27

Sugam has set an ambitious sales target of ₹750–800 crore for FY27, compared with approximately ₹375 crore in FY26.

Achieving this target would represent a substantial increase in the company's annual sales performance. The planned launches of three large residential projects are expected to play a key role in supporting this growth.

The strategy reflects the developer's expectation of stronger homebuyer demand and improved sales momentum during the current financial year.

Evaluating ₹100 Crore Institutional Fundraising

Alongside its project expansion plans, Sugam is also evaluating an institutional capital raise of approximately ₹100 crore.

The proposed fundraising could provide additional financial resources to support the company's development plans, strengthen its capital position and help manage the funding requirements associated with its upcoming projects.

Institutional capital has increasingly become an important source of funding for real estate developers looking to expand their project portfolios and undertake large-scale developments.

Kolkata Real Estate Market Attracts Expansion

Sugam's expansion plans come at a time when developers are focusing on increasing residential supply and tapping into housing demand across key urban markets.

The planned investment of more than ₹2,800 crore and the proposed addition of 5.5 million sq ft underline the scale of the company's ambitions for FY27.

If executed as planned, the three projects could significantly strengthen Sugam's residential development portfolio, while the targeted sales growth would mark an important milestone in the company's business expansion.