Mr. Naraindas Bodaram Ahuja the founder of the Esteem Group passes away
Tribute: The Visionary Who Redrew the Bengaluru Skyline
Mr. Naraindas Bodaram Ahuja was more than a real estate developer; he was a “Never-Say-Die” entrepreneur who epitomized the spirit of resilience and growth that defines modern Bengaluru. Starting his career as a garment trader, he carried the weight of family responsibilities from a very young age. Through sheer grit and a reputation for “keeping his word,” he transitioned into the realty sector over four decades ago, eventually founding what we know today as the Esteem Group.
Known for his expertise in land acquisition and financial strategy, Mr. Naraindas was a hands-on leader. His journey from small-scale garment trading to overseeing more than 35 landmark projects—including the iconic Esteem Mall in Hebbal—is a masterclass in Indian entrepreneurship. He was often described by peers as a “typical Bangalorean” at heart: someone who valued deep-rooted relationships and community as much as commercial success.
“A businessman with an active imagination and a pioneering spirit, his legacy is etched into the very skyline of the city he called home.”
The Legacy and Leadership Transition
The Passing of a Legend
The news of the passing of Mr. Naraindas Bodaram Ahuja marks the end of an era for the Bengaluru real estate industry. Under his guidance, the group evolved from a partnership originally known as SNS Builders (established in the early 1980s) into the diversified Esteem Group in 1995. He was instrumental in shifting the focus toward “wise investments,” ensuring that every square foot delivered to a customer held long-term value.
Major Contributions to the City
Esteem Mall: One of the earliest and most recognizable malls in North Bengaluru, which catalyzed the development of the Hebbal-Bellary Road corridor.
Residential Landmarks: Projects like Esteem Royale, Esteem Heritage, and Esteem Park set early standards for luxury and community living in prime areas.
Corporate Philosophy: He was a staunch advocate for “white-only” transactions and transparency, a reputation that earned the group significant trust from multinational corporate partners.
The Future: Continuing the Vision
The leadership of the group has been transitioning to the next generation over the past several years to ensure continuity:
Mr. Abhishek Ahuja: A graduate of the Henley Business School (UK), who has been leading the group’s marketing and innovative strategic delivery.
Mr. Gaurav Ahuja: Who brings specialized expertise in legal and taxation matters, ensuring the group’s robust financial standing remains intact.
Mrs. Varsha Hassanand: Who serves as a Director, focusing on the diligence and progress of ongoing ventures.
Esteem Group
The Esteem Group remains active with several key projects in various stages of completion, including Esteem South Park on Bannerghatta Road and Esteem Aeropark near the airport. The management has expressed its commitment to fulfilling the founder’s vision of quality and customer-centricity.
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