Sugam Homes plans ₹2,800 crore of Kolkata projects and targets ₹750–800 crore sales

Kolkata-based developer Sugam Homes plans to invest over ₹2,800 crore in three residential projects in the city during FY27, the 2026–27 financial year. The plan was reported on 26 October 2026.

The three projects together span about 5.5 million sq ft. The plan does not name the sites, their localities, unit counts, configurations or price bands. We have not found a stock exchange filing or company statement that confirms the figures, so they should be read as the developer's stated plan rather than a committed launch schedule.

Sales target and current portfolio

Sugam Homes is aiming for sales value of ₹750–800 crore in FY27, about 20% higher than last year. That target sits alongside work already under way. The developer is building 10 projects with a combined construction value of ₹1,200 crore.

Sugam Homes is the residential arm of the Sugam Group, which is headquartered in Kolkata. Suhel Saraf is the Managing Director of the group. One Kolkata property listing says the group has delivered 25 projects. That listing is a promotional source, so the figure is attributed to it and not independently checked.

Kolkata demand backdrop

Residential registrations in the Kolkata Metropolitan Area reached 62,328 in 2025, up 25% from the previous year, according to registration data cited in a 2026 market analysis. The same analysis says Kolkata was the only major metro to grow housing sales in early 2026, with sales up about 5% year-on-year.

A 2026 market guide puts indicative prices on EM Bypass at about ₹8,000–9,500 per sq ft, and in Garia, Behala and Joka at about ₹4,000–5,500 per sq ft. Homes below ₹50 lakh and in the ₹50 lakh to ₹1 crore band together make up roughly three-quarters of sales. These are market-wide figures, not prices for any Sugam project.

Infrastructure is also in the background. A ₹900 crore elevated link between New Town and Chingrighata has been allocated in the state budget, and the state plans a ring road around Kolkata. No completion dates for either were found.

What investors will watch

• Whether FY27 sales value reaches the ₹750–800 crore target.
• Launch details and project registrations for the three new projects, including the sites and unit mix.
• Delivery progress across the 10 projects under construction, measured against the ₹1,200 crore construction value.
• Any company filing that confirms the ₹2,800 crore investment figure.

For now, the sales target is the number to track. It will show whether the plan's scale translates into bookings in a market where demand has recently grown only modestly.