Real Estate
Concorde Boosts Bangalore Presence with Strategic Land Acquisition on Sarjapur Road
By GeoSquare News Desk · Published 2024-06-28
In a significant move, Concorde, a renowned real estate developer, has acquired a 1.6-acre land parcel located on Sarjapur Road, Bangalore. This strategic acquisition, facilitated by Colliers India, paves the way for a high-rise residential complex with a gross development value (GDV) of Rs 200 crore. The project, set to be a benchmark in modern living, will comprise 2- and 3-BHK units spread over a high-rise tower of approximately 2.25 lakh square foot (sqft).
The location of the project on the Sarjapur main road ensures seamless connectivity to key IT hubs such as Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. The area's infrastructure is poised to witness significant improvement with the completion of Namma Metro's phases two and five, and the proposed 74 km Peripheral Road. The upcoming project will also feature Concorde's signature clubhouse – Evolve, offering a plethora of amenities.
Nesara B S, Chairman of Concorde, expressed his views on the acquisition, stating, 'This acquisition reinforces our commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations. With the support of Colliers India, we were able to structure a deal that benefits both the landowners and our development goals.'
Piyush Gupta, Managing Director, Capital Markets and Investment Services, Colliers India, added, '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.'
Concorde is a leading real estate developer known for its innovative and high-quality projects. Colliers India is a real estate consulting firm that provides expert solutions to its clients.
Concorde is a renowned real estate developer with a strong presence in Bangalore. The company is committed to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers. Colliers India is a leading real estate consulting firm that provides expert solutions to its clients in the Indian real estate market.