Indian investor & entrepreneur Mallappa, Selvaraj meet Raja, seek blessing for Kampung Bharu 2.0 Project
# Signs Major MoU to Speed Up Iconic Twin-Tower Plan, Boost FDI, Create High-Value Jobs, Modernize City Infrastructure, and Strengthen Malaysia–India Ties
PIONEER EDGE NEWS SERVICE
HE DATO Bhargav Mallappa, a prominent Indian investor and entrepreneur from the MBRA Group, along with HE DATO S Selvaganesh Selvaraj, recently met Yam Raja Izzuddin Iskandar Shah Al-Haj Ibni Almarhum Sultan Idris Afiffullah Shah, a Member of the Malaysian Royal Family (Perak), in Kuala Lumpur.
During the meeting, HE DATO Bhargav Mallappa sought His Highness’s blessings for the ambitious Kampung Bharu 2.0 redevelopment project. The discussion focused on shared vision, mutual respect and long-term cooperation aimed at transforming one of Kuala Lumpur’s oldest and most historic neighborhoods.
Following the meeting, a major strategic partnership was formalised with DSAT Private Equity Sdn Bhd, under which HE DATO Bhargav Mallappa is committing substantial investment to accelerate the redevelopment initiative. A key highlight of the project is the proposed iconic twin-tower development, designed to redefine the city’s skyline while carefully preserving the cultural and historical identity of Kampung Bharu.
As part of the agreement, HE DATO Bhargav Mallappa has acquired equity in DSAT Private Equity Sdn Bhd a company licensed and regulated by the Securities Commission Malaysia. The regulated structure ensures that all investments follow strict legal, regulatory and governance standards, maintaining full transparency and accountability.
Speaking about the initiative, HE DATO Bhargav Mallappa said:
“Malaysia stands out for its economic resilience, stable governance and vast opportunities in urban transformation. Kampung Bharu 2.0 presents a unique opportunity to create a landmark that honours heritage while embracing modern progress. Our commitment is to invest responsibly, transparently and with a long-term development vision.”
Adding to this, HE DATO S Selvaganesh Selvaraj stated:
“This collaboration reflects the growing strength of Malaysia–India partnerships in strategic development. By combining international expertise with local vision, we aim to contribute meaningfully to sustainable growth, job creation, and long-term economic value.”
Welcoming the engagement, Yam Raja Izzuddin Iskandar Shah Al-Haj Ibni Almarhum Sultan Idris Afiffullah Shah said:
“We appreciate the confidence shown by international investors in Malaysia’s growth story. Development must be forward-looking while respecting our cultural roots. Initiatives like Kampung Bharu 2.0 have the potential to generate economic value, create skilled employment, and further strengthen Malaysia–India relations.”
The partnership is expected to attract foreign direct investment (FDI), create high-value jobs, upgrade urban infrastructure and deepen economic ties between Malaysia and India, while supporting inclusive and sustainable national development goals.
