Concorde Expands Footprint in Bangalore with Strategic Land Acquisition Facilitated by Colliers India
Real estate developer Concorde acquires 1.6-acre land parcel in Bangalore through Colliers India, set to develop high-rise residential complex with Rs 200 crore GDV
Real EstateBangaloreColliers IndiaConcordeResidential ProjectReal Estate NewsJun 28, 2024
The Colliers team conducted a comprehensive market analysis that helped identify a suitable space that aligned with Concorde's business objectives and vision. The firm engaged in multiple rounds of negotiation with all parties involved to arrive at a deal structure that served the best interests of the landowner and developer.
The upcoming project will feature 2- and 3-BHK units, spread over a high-rise tower of approximately 2.25 lakh square foot. Its location on the Sarjapur main road ensures good connectivity to key IT hubs such as Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. The area's infrastructure is set to improve further with the completion of Namma Metro's phases two and five, and the proposed 74 km Peripheral Road.
The project will also include Concorde's signature clubhouse – Evolve, which will offer a range of amenities. Nesara B S, Chairman of Concorde, stated,
Frequently Asked Questions
What is the location of the acquired land parcel?
The acquired land parcel is located on Sarjapur Road, Bangalore.
What is the GDV of the proposed project?
The proposed project has a GDV of Rs 200 crore.
What type of units will the project feature?
The project will feature 2- and 3-BHK units.
What is the significance of the project's location?
The project's location on the Sarjapur main road ensures good connectivity to key IT hubs in Bangalore.
What is Concorde's signature clubhouse feature?
Concorde's signature clubhouse is called Evolve, and it offers a range of amenities.
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