Concorde acquires 1.6 acre land in Bengaluru
Concorde, a Bengaluru-based real estate developer has acquired a 1.6-acre land parcel located on Sarjapur Road, Bengaluru.
Set to be a premium residential complex, this joint development will have a gross development value (GDV) of Rs 200 crore. In March, Concorde acquired a 4.5 acre land in Thanisandra, Bengaluru.
The strategic acquisition was facilitated by real estate consulting firm, Colliers India, and marks a significant milestone for Concorde as it continues to expand its footprint in the city.
The proposed project will comprise 2 and 3 bhk units, spread over a high-rise tower of 2.25 lakh sq.ft. “ 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, Concorde.
“Concorde is building homes of the future with projects that boast modern architecture and tech-infused features, and our team is proud to have facilitated this transaction. By formulating the correct structure, we were able to meet the business requirements of the developer and landlord. With our strong industry relations and long-standing ability to deliver bespoke solutions, we consistently drive success for our clients and the overall real estate sector.” added Piyush Gupta, Managing Director, Capital Markets & Investment Services, Colliers India.
Sarjapur Road boasts excellent connectivity to key IT hubs such as Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. The area’s
