Concorde Acquires Prime Land in Bengaluru for Luxury Housing Project

Realty firm Concorde has acquired a 1.6-acre land parcel in Bengaluru to develop a Rs 200 crore premium high-rise residential complex on Sarjapur road. The project will span approximately 2.25 lakh square feet, reaffirming Concorde's commitment to innovative and quality living spaces amid growing consumer demand.

In a significant move, realty firm Concorde announced on Thursday its acquisition of a 1.6-acre land parcel in Bengaluru. The company plans to develop a premium high-rise residential complex with a revenue potential of Rs 200 crore.

'Set to be a premium high-rise residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore,' the company stated.

Located on Sarjapur road, the proposed project will cover a developable area of around 2.25 lakh square feet.

'This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations,' said Nesara B S, Chairman of Concorde.

Amid strong consumer demand, real estate developers are aggressively purchasing land and forming partnerships with landowners to expand their portfolios.

Concorde remains one of the leading real estate firms in the country.

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