Resurgent India to Design PPP Model for ₹1,800 Cr Majestic Project

Resurgent India Ltd, the Delhi-NCR–based investment bank and SEBI-registered Category I Merchant Bank, has been awarded the consultancy mandate for preparing the Public-Private Partnership (PPP) model for the ₹1,800-crore redevelopment of Bengaluru’s iconic Majestic Circle—one of India’s busiest multimodal transit hubs.

The appointment, made recently by the Karnataka State Road Transport Corporation (KSRTC), marks a significant addition to Resurgent India’s growing portfolio of large-scale national infrastructure advisories. The company had earlier successfully structured and raised ₹1,500 crore for the redevelopment of Pragati Maidan into a world-class international convention and exhibition complex.

Under the new mandate, Resurgent India will prepare a future-ready PPP blueprint that will redefine the 32-acre Majestic area, integrating KSRTC and BMTC bus terminals with metro and railway systems through seamless concourses and high-efficiency passenger movement corridors. The consultancy includes assessing land use, commercial monetisation potential, technical feasibility of integration points, and phased redevelopment to minimise service disruption.

“Majestic Circle is one of India’s most vital and complex transit ecosystems. Our task is to develop a forward-looking PPP model that unlocks value, ensures financial sustainability, and supports Bengaluru’s future mobility needs,” said Mr. Jyoti Prakash Gadia, Managing Director, Resurgent India Ltd.

“We have already commenced detailed studies on land utilisation, traffic flows, and commercial structuring. Our blueprint—scheduled for completion by January-end—will enable KSRTC to launch an efficient, transparent, and investor-friendly bidding process,” he added.

The project, announced in the Karnataka State Budget 2025–26, is expected to transform the Majestic precinct into a future-ready mobility hub with enhanced commuter experience, improved inter-modal connectivity, and commercially viable development zones.

With deep expertise across highways, power, urban development, renewables, transport systems, and transaction advisory, Resurgent India continues to strengthen its leadership in high-impact public infrastructure planning.

Resurgent India brings strong credentials in large-scale public infrastructure advisory, backed by its experience in transaction structuring, PPP design, TEV studies and financial modelling for highways, power, rail, urban development and major government-led redevelopment projects. The firm has advised on projects exceeding several thousand crores across transport and urban infrastructure and has successfully executed complex assignments such as the financing structure for the Pragati Maidan redevelopment. Its multidisciplinary team of financial experts, engineers and sector specialists positions the company to deliver technically sound, commercially viable and future-ready models for government agencies.

This aligns with the government’s increasing emphasis on harnessing indigenous advisory firms and building competitive Indian counterparts to established global consultancies. Despite a deep reservoir of professional talent, homegrown firms still account for a modest share of large, high-value consulting and audit mandates—an imbalance policymakers are now seeking to correct.