Concorde acquires 1.6-acre land parcel in Bengaluru, Real Estate News, ET RealEstate
NEW DELHI: Bengaluru-based Concorde has acquired a prime 1.6-acre land parcel along the Sarjapur Road, Bengaluru.
This joint development will have a gross development value (GDV) of Rs 200 crore. The acquisition was facilitated by Colliers India.
The project will comprise 2 & 3 BHK units, spread over a high-rise tower of ~2.25 lakh sq.ft.
In March 2024, the company had acquired 4.5 acres land in Thanisandra, North Bengaluru for Rs 100 crore. It plans to invest Rs 151 crore to develop a residential project with a revenue potential of around Rs 400 crore.
The project’s development potential is about 5.5 lakh sq ft and will comprise of six towers having 424 units. Construction will commence in July 2024.
