Umiya Buildcon gains after subsidiary acquires prime land in Bengaluru CBD

Umiya Buildcon added 1.89% to Rs 91.24 after its subsidiary, Umiya Buildtek has acquired a prime 20,000 sq. ft. land parcel in Bengaluru's Central Business District (CBD), located off Cunningham Cross Road.

The company plans to develop a high-end, ultra-luxury boutique residential project on the site, which carries a planned built-up potential of around 55,600 sq. ft.

The acquisition marks a significant expansion of Umiya Buildcons premium real estate portfolio and aligns with its strategy of focusing on design-led developments in high-demand, supply-constrained micro-markets like Bengalurus CBD.

The project is expected to contribute an estimated ₹200 crore to the company's balance sheet upon completion, supported by strong demand for luxury residences in the micro-market where new supply remains limited. It is also expected to add to premium housing stock and spur incremental economic activity in the region.

 

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Commenting on the development, Aniruddha Mehta, chairman & MD, said, This strengthens our presence in Bengalurus ultra-prime residential segment. The Bengaluru CBD remains one of the most coveted locations, and this project underpins our commitment to delivering architecturally distinctive, future-ready homes that offer long-term value.

Umiya Buildcon is engaged in business activity is manufacture and supply, as well as distribution of Access and Networking equipment & Solutions.

The companys consolidated net profit surged 242.3% to Rs 6.71 crore on 59.8% rise in revenue from operations to Rs 20.57 crore in Q2 FY26 over Q2 FY25.

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