Hosachiguru, a managed farmland company based in Bengaluru, has ventured into the residential market with its new farm-themed project, Unnati, located in Chikballapur, Karnataka.

The company aims to generate Rs 1.3 billion in revenue from the 40-acre development, which will feature 170 residential units, each averaging 5,400 square feet. The project is priced starting at Rs 81 lakhs during the pre-launch phase and is expected to be completed by 2027.

Srinath Setty, CEO of Hosachiguru, explained, "Unnati is redefining real estate by offering a greener, more sustainable living experience. This project reflects our core philosophy of eco-conscious living. It caters to diverse needs, whether for individuals seeking serenity, families wanting to connect with nature, or those looking for a sustainable lifestyle."

The company has also recently launched Aamrut Farm, its 26th managed farmland on the outskirts of Bengaluru. With the new residential project, Hosachiguru now manages over 1,500 acres of land, which it plans to develop over the coming years.

According to Anarock Group, at least 29 land deals covering 721 acres were concluded in the first quarter of 2024, with the demand for land for housing projects rising sharply. The number of acres transacted has increased by 61% year-on-year in January-March 2024, reflecting a strong surge in land deals.

Hosachiguru currently oversees more than 25 projects in and around Bengaluru, managing over 1,500 acres of land in total.