Concorde Boosts Bangalore Presence with Strategic Land Acquisition on Sarjapur Road
Real estate developer Concorde acquires 1.6-acre land parcel on Sarjapur Road, Bangalore, to develop a high-rise residential complex with a GDV of Rs 200 crore.
Real EstateConcordeBangaloreSarjapur RoadHigh Rise Residential ComplexReal EstateJun 28, 2024
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.
Frequently Asked Questions
What is the location of the acquired land parcel?
The land parcel is located on Sarjapur Road, Bangalore.
What is the gross development value (GDV) of the project?
The GDV of the project is Rs 200 crore.
What types of units will the project comprise?
The project will comprise 2- and 3-BHK units.
Who facilitated the acquisition of the land parcel?
The acquisition was facilitated by Colliers India.
What is the approximate size of the high-rise tower?
The high-rise tower will be approximately 2.25 lakh square foot (sqft).
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