Sugam Homes’ ₹2,800 Crore Investment in 2027: A New Chapter for Kolkata’s Real Estate

Kolkata’s real estate market is witnessing a new phase of development, with growing opportunities for large-scale residential projects and premium housing. At Sugam Homes, we are preparing to be part of this growth with plans to undertake three major residential developments in Kolkata during FY27, involving an estimated construction cost of more than ₹2,800 crore.

In The Economic Times’ ETRealty on October 26, 2026, following an interview with our Managing Director, Suhel Saraf, the proposed developments will collectively cover approximately 5.5 million sq. ft. The portfolio will include an ultra-luxury riverside villa project with a five-star hotel component, alongside two large residential apartment developments.

This expansion reflects our confidence in Kolkata’s real estate potential and our ambition to strengthen our presence across residential segments. With a projected sales target of ₹750-800 crore in FY27, compared with approximately ₹375 crore in FY26, we are preparing for a significant phase of business growth.

Three Major Projects to Strengthen Our Kolkata Portfolio

Our proposed ₹2,800 crore-plus development programme marks a significant step in our expansion strategy. The three projects, spanning approximately 5.5 million sq. ft., will cater to different residential market segments.

Our planned portfolio includes an ultra-luxury riverside villa development integrated with a five-star hotel component, alongside two large-scale residential apartment projects. Together, these developments reflect our intention to expand our offerings across premium and large-format residential housing.

Although individual project names, locations and detailed configurations have not yet been disclosed, these proposed developments demonstrate the scale of our future project pipeline.

An Ambitious Growth Target Backed by Our Existing Developments

Our expansion plans are supported by an active development portfolio. During his interaction with ETRealty, our Managing Director, Suhel Saraf, shared that we currently have 10 projects under construction in Kolkata, collectively covering approximately 5.5 million sq. ft. and carrying an estimated sales value of ₹3,279 crore.

We expect to complete three projects comprising approximately 400-450 residential units during FY27.

Our financial targets are equally ambitious. We are aiming for sales of ₹750-800 crore in FY27 while maintaining a profit margin of around 20%. We are also exploring institutional funding opportunities as part of our broader growth and capital management strategy.

For us, this approach is about balancing ambitious expansion with financial discipline and consistent project execution.

Why Kolkata Remains at the Centre of Our Expansion

While we have a longer-term ambition to expand into four to five cities over the next five years, Kolkata remains our immediate priority.

Our continued focus on the city comes from our understanding of its evolving residential market and the diverse aspirations of its homebuyers. From premium apartments to exclusive villa communities, we aim to create residential spaces that respond to different lifestyle requirements.

Our existing developments reflect this diversity.

For homebuyers seeking independent residential spaces, Villa 18 presents our boutique collection of 18 garden villas near Kamalgazi More. With 4 BHK configurations, private gardens and terraces, the project adds to the growing demand for premium villa projects in Kolkata.

Similarly, Crown caters to buyers looking for premium apartment living, offering 3, 4 and 5 BHK residences. With thoughtfully planned spaces and lifestyle amenities, Crown addresses the aspirations of homebuyers looking for a luxury 3 BHK flat in Kolkata.

Through our diverse residential portfolio, we continue to work towards addressing the varied expectations of modern homebuyers while strengthening our presence in Kolkata.

Sugam Homes: Nearly Four Decades of Experience in Kolkata’s Real Estate Sector

Established in 1986, we have spent nearly four decades building our presence in Kolkata’s real estate market through residential and commercial developments across different segments. Our experience has helped us understand the city’s evolving property landscape, changing homebuyer preferences and the importance of thoughtful residential planning. Developments such as Villa 18 and Crown reflect our focus on contemporary living, functional spaces, modern amenities and community-oriented environments. As we continue to expand our portfolio and undertake larger developments, we remain committed to building on our experience and strengthening our position as an established real estate company in Kolkata.

Looking Ahead: Building the Next Chapter of Kolkata’s Real Estate Growth

Our proposed ₹2,800 crore-plus development programme represents more than an expansion in project numbers. It reflects our ambition to undertake larger developments, diversify our residential portfolio and contribute to Kolkata’s changing housing landscape.

With 10 projects already under construction and three more planned for FY27, we are pursuing a growth strategy that combines ongoing execution with future development opportunities.

As Kolkata continues to attract residential investments, we see significant opportunities to contribute to the city’s next phase of real estate development.

For us at Sugam Homes, the next chapter is about building on our legacy, pursuing ambitious developments and creating residential spaces that respond to the aspirations of Kolkata’s evolving homebuyers. We look forward to shaping this journey with the city and the people who call it home.

Frequently Asked Questions

1. What is Sugam Homes’ planned development investment for FY27?

We plan to undertake three major residential projects in Kolkata during FY27, involving an estimated construction cost of more than ₹2,800 crore and collectively covering approximately 5.5 million sq. ft.

2. What types of projects are Sugam Homes planning in Kolkata?

Our proposed developments include an ultra-luxury riverside villa project with a five-star hotel component and two large-scale residential apartment developments.

3. What is Sugam Homes’ sales target for FY27?

We are targeting sales of approximately ₹750-800 crore in FY27, compared with around ₹375 crore in FY26, while aiming to maintain a profit margin of approximately 20%.

4. How many projects do Sugam Homes currently have under construction?

We currently have 10 projects under construction in Kolkata, collectively covering approximately 5.5 million sq. ft., with an estimated sales value of around ₹3,279 crore, as shared by our Managing Director during the ETRealty interview.