3 hrs ago
Russia’s SBER Buys Two Towers at Delhi Business Park
Russia’s biggest bank, SBER, bought two office towers in New Delhi.
The towers are part of Bharat Business Park in Sarojini Nagar.
The space covers about 5.17 lakh square feet.
SBER paid more than ₹2,000 crore for it.
The bank bought the towers in an auction in April 2026.
It plans to open a centre to help Russian companies working in India.
The centre will offer banking, legal, tax and audit services.
Bharat Business Park is being developed by NBCC and is expected to be completed in 2028.
SBER India purchased two Bharat Business Park towers in Sarojini Nagar, New Delhi.
The towers cover approximately 5.17 lakh square feet and cost more than ₹2,000 crore.
SBER acquired the property through a competitive e-auction in April 2026.
The bank plans to establish a Russian Business Centre offering support services to Russian companies in India.
NBCC has sold all eight Bharat Business Park towers, covering 23.44 lakh square feet for about ₹10,000 crore.
- Who
- SBER India, a branch of Russia’s Sberbank, purchased the office space from National Buildings Construction Corporation Limited.
- What
- SBER India bought two Bharat Business Park towers measuring approximately 5.17 lakh square feet.
- Where
- Bharat Business Park in Sarojini Nagar, New Delhi.
- When
- The purchase was secured through an e-auction in April 2026; the allotment documents were handed over on Thursday.
- Why
- SBER plans to establish a Russian Business Centre to support Russian companies operating in India.
Key facts
- Buyer
- SBER India
- Seller and developer
- National Buildings Construction Corporation Limited (NBCC)
- Property
- Two towers at Bharat Business Park, Sarojini Nagar
- Area purchased
- Approximately 5.17 lakh square feet of super built-up area
- Sale value
- More than ₹2,000 crore
- Total project sales
- All eight towers sold for about ₹10,000 crore
- Expected completion
- 2028
Quotes
National Buildings Construction Corporation Limited
Government-owned company responsible for developing Bharat Business Park
“The bank's choice of Bharat Business Park reflects the growing appeal of Delhi's new-generation commercial districts to international institutions”
deccanchronicle.com
Sources
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