White Lotus Group rakes in Rs 150cr for luxury real estate projects in Bengaluru
White Lotus Group, a leader in Bengaluru’s luxury real estate market, has announced the successful completion of a major funding round, securing INR 150 crores. This significant financial milestone, a first in Indian real estate, was led by Dubai-based Luxe Port Group of Companies, known for its global footprint in the luxury lifestyle industry.
Funding Details and Future Plans
- Investment Amount: INR 150 crores.
- Investor: Luxe Port Group of Companies, Dubai.
- Utilization: The capital will primarily support White Lotus Group’s growth, development of 2.5 million sq.ft. of bespoke luxury projects, and expansion into key Indian cities like Hyderabad, Pune, and Chennai.
- Innovation Focus: Funds will also enhance technology and sustainability efforts, and strengthen the leadership team.
Company’s Vision and Market Position
Founded by Pavan Kumar, an alumnus of the Indian Institute of Technology (IIT) Madras, White Lotus Group is synonymous with luxury real estate in Bengaluru. The company targets an elite clientele, including start-up founders and corporate CXOs, and is known for its high-end projects in Bengaluru’s most desirable locations, with units starting at INR 5 crores.
Pavan Kumar, Founder & CEO of White Lotus Group, commented on the funding, stating, “This funding serves as a catalyst in our journey, empowering us to replicate and scale our success in the bespoke luxury segment.” He emphasized the company’s commitment to redefining luxury living and creating iconic residential landmarks.
Padma Kumar, MD & Chairman of Luxe Port Group, and lead investor, expressed his enthusiasm for the partnership, citing White Lotus Group’s alignment with Luxe Port’s diversification strategy in global luxury lifestyle segments.