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 Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..