Sowparnika Projects Seeks ₹500 Crore Funding for South India Expansion
Sowparnika Projects, a leading real estate firm in South India, is in advanced talks to raise ₹500 crore from esteemed investors, including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital.
- The funding will be utilized to fund the company's expansion across South India.
- The company aims to develop 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years.
- Sowparnika Projects targets nearly doubling its revenue to ₹1,500 crore by FY27.
Bengaluru-based Sowparnika Projects is in the advanced stages of securing ₹500 crore to fund its expansion and scale its project portfolio over the next 18 to 24 months. According to Ramji Subramaniam, managing director of the company, "We are in talks with WSB Real Estate Partners, ASK Fund Advisors and HDFC Capital. The company also has approvals for the transactions from some of them and is targeting a close at the ₹500-crore mark."
The company had achieved a revenue of ₹850 crore in 2025 and is targeting a turnover of ₹1,500 crore by the end of FY27. This significant growth is a testament to the company's commitment to delivering high-quality projects and expanding its presence in South India.
Key Highlights:
- ₹500 crore funding from investors including WSB Real Estate Partners, ASK Fund Advisors, and HDFC Capital.
- Development of 5.5 million sq ft in Bengaluru, Kerala, and Tamil Nadu over the next two years.
- Targeting a revenue of ₹1,500 crore by FY27.
About Sowparnika Projects
Sowparnika Projects is a leading real estate firm with a growing presence across South India. The company is committed to delivering high-quality projects and expanding its presence in the region.