Sugam Plans ₹2,800 Crore Residential Expansion in Kolkata with Three New Projects in FY27
Kolkata-based real estate developer Sugam is planning a major expansion in the city's residential property market, with three new project launches lined up for FY27. The proposed developments will span approximately 5.5 million sq ft, with a combined project cost of over ₹2,800 crore.
The upcoming portfolio will include an ultra-luxury riverfront villa development featuring a five-star hotel component, along with two residential apartment projects. The company estimates land acquisition costs for the planned developments at around ₹350 crore.
Sugam Targets ₹750–800 Crore Sales in FY27
Alongside its expansion plans, Sugam is targeting sales of ₹750–800 crore in FY27, compared with approximately ₹375 crore in FY26. The developer aims to maintain a profit margin of around 20% while scaling its operations.
The proposed launches reflect the company's confidence in Kolkata's residential real estate market, particularly the potential for premium and luxury housing developments.
Existing Kolkata Portfolio Spans 5.5 Million Sq Ft
Sugam currently has 10 residential projects under construction in Kolkata, covering approximately 5.5 million sq ft. These projects have an estimated sales value of ₹3,279 crore.
The company also expects to complete three projects comprising approximately 400–450 residential units during FY27, adding to its ongoing project delivery pipeline.
Ultra-Luxury Riverfront Project to Test Premium Housing Demand
Among the three proposed launches, the ultra-luxury riverfront villa development stands out for its positioning in Kolkata's premium residential segment. The inclusion of a five-star hotel component could further distinguish the project within the city's luxury housing landscape.
With over ₹2,800 crore in planned project investments and a target to more than double annual sales, Sugam's FY27 expansion will be a significant development to watch in Kolkata's real estate market.
The planned launches will also provide an indication of demand for high-end residential properties in the city as developers look to tap into the premium housing segment.