NBR Group purchases 9.65 acre in Bengaluru for residential project

27 Sep 2024 CW Team

Nagabushana Reddy, the Managing Director of NBR Group, noted that this area represents a mature market characterized by strong demand for residential real estate and a limited supply of land. He mentioned that this project signifies a significant expansion for NBR Group in the luxury housing segment, addressing the high demand for premium residential spaces in Bengaluru.

Sarjapur-Mullur has become one of Bengaluru's most sought-after residential destinations due to its strategic location between key hubs such as Whitefield, Electronic City, and the Outer Ring Road. Infrastructure developments, including the extension of the metro line and improved road connectivity, have led to a surge in housing demand in this region. The area is witnessing a boom in residential projects, particularly in the mid to high-end segment, as tech professionals and families seek affordable yet well-connected alternatives to central Bengaluru. Furthermore, the proximity of Sarjapur-Mullur to IT parks, educational institutions, and the upcoming peripheral ring road has enhanced its attractiveness as a promising residential area.

Additionally, Bengaluru's residential real estate market continues to grow robustly, fueled by sustained demand from homebuyers and investors. According to Square Yards, an integrated real estate prop-tech marketplace, Bengaluru's registered home sales value saw a substantial 30% increase over the previous quarter during the second quarter (Q2) of 2024, reaching Rs 196.31 billion by the end of June. The report indicated that the city experienced a significant 19% rise in registered residential transactions, totalling 28,356 units during the same period.

NBR Group, a real estate developer based in Bengaluru, has acquired a 9.65-acre land parcel in the Sarjapur-Mullur suburb of the city. This acquisition is strategically important as it opens the door for the development of a high-rise residential project covering 9 lakh square feet. The project is expected to generate a gross development value exceeding Rs 12 billion for the company. Nagabushana Reddy, the Managing Director of NBR Group, noted that this area represents a mature market characterized by strong demand for residential real estate and a limited supply of land. He mentioned that this project signifies a significant expansion for NBR Group in the luxury housing segment, addressing the high demand for premium residential spaces in Bengaluru. Sarjapur-Mullur has become one of Bengaluru's most sought-after residential destinations due to its strategic location between key hubs such as Whitefield, Electronic City, and the Outer Ring Road. Infrastructure developments, including the extension of the metro line and improved road connectivity, have led to a surge in housing demand in this region. The area is witnessing a boom in residential projects, particularly in the mid to high-end segment, as tech professionals and families seek affordable yet well-connected alternatives to central Bengaluru. Furthermore, the proximity of Sarjapur-Mullur to IT parks, educational institutions, and the upcoming peripheral ring road has enhanced its attractiveness as a promising residential area. Additionally, Bengaluru's residential real estate market continues to grow robustly, fueled by sustained demand from homebuyers and investors. According to Square Yards, an integrated real estate prop-tech marketplace, Bengaluru's registered home sales value saw a substantial 30% increase over the previous quarter during the second quarter (Q2) of 2024, reaching Rs 196.31 billion by the end of June. The report indicated that the city experienced a significant 19% rise in registered residential transactions, totalling 28,356 units during the same period.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..