Sowparnika Projects is planning a significant expansion, seeking to raise Rs 500 crore to fuel its growth ambitions. The real estate firm is in advanced discussions to secure the funding, which will be used to develop approximately 5.5 million sq ft of projects across South India over the next two years.
The company’s strategic focus is on the mid and upper-mid residential market segments. With this expansion, Sowparnika Projects aims to double its turnover to Rs 1,500 crore by the fiscal year 2026-27.
The fundraise is expected to provide the necessary capital for the firm to execute its development plans and capitalize on the growing demand for residential properties in the region.