Actual property developer Concorde acquires 4.5 acres land in Bengaluru for ₹100 crore

Concorde, certainly one of Bengaluru’s actual property builders, introduced a strategic funding of ₹ 100 crore in 4.5 acres of land in Thanisandra, a micro market of North Bengaluru.

The corporate plans to develop a residential undertaking on this land parcel with a income potential of round ₹400 crore. Thanisandra is a hotspot in Bengaluru with heightened demand for residential actual property, given its proximity to IT and enterprise hubs, and the Kempegowda Worldwide Airport.

• Additionally learn: Concorde outlays ₹1,200 crore to broaden its residential portfolio

“This undertaking is a part of our plan to broaden our footprint in Bengaluru and to offer enhanced choices to our clientele and will probably be superb, each as an funding alternative for good rental yield in addition to for self-occupancy given its proximity to IT corridors of Manyata Tech Park and Whitefield. This strategic funding aligns with our imaginative and prescient to ship distinctive residential experiences in Bangalore’s most fascinating locales,” stated Anil R G, Managing Director, Concorde.

With its prime location, connectivity, and burgeoning demand, Thanisandra presents a compelling alternative to create a residential growth that redefines city dwelling. Moreover, the area has properly developed infrastructure together with seamless connectivity to the remainder of the town by means of the upcoming metro line, he added.

Concorde stays dedicated to setting new benchmarks in actual property growth, pushed by innovation, high quality, and a customer-centric method, stated the corporate.

“Residence automation continues to be a key precedence for us as we improve security measures and work in the direction of power conservation. Our dedication to innovation extends to our signature clubhouses, the place residents get pleasure from world-class facilities for optimum consolation and leisure. Sustainability is one other space of dedication for us, and as such all properties are geared up with state-of-the-art sewage remedy crops, rainwater harvesting techniques for groundwater replenishment, and naturally regenerating bio-ponds fostering numerous micro-ecosystems,” Anil R G stated.