Concorde Announces Residential Expansion Plan with Rs 1200 Cr Investment

Bengaluru, August 24, 2023: Real estate developer Concorde, has announced expansion of its residential portfolio with an investment of approximately Rs 1200 crore rupees in the next three years. A press release issued by the company says that the company is geared up to launch 3.5 million square feet of premium and luxury residential spaces, with the new projects set to commence in the third quarter of this financial year. The primary geographic focus will remain on North and East Bangalore.

With six residential projects in the pipeline, Concorde aims to achieve annual sales of approximately Rs 500 crores during this period. The forthcoming launches will primarily cater to the premium and luxury segment, providing a diverse range of apartments, villas, and villa plots to meet the discerning preferences of its clientele.

“We will launch a total of 16 lakh square feet across three projects this year and are actively exploring upcoming areas in Bengaluru like Malur, Whitefield, Sarjapur, Yelahanka, Vidhyaranyapura etc. We are dedicated to incorporating smart features into all our homes, with a prime focus on building vibrant communities and neighbourhoods. We are confident that ourcustomer-centric design, innovation, and quality construction will redefine luxury living in Bangalore, creating significant value for both customers and stakeholders.” ” said Nesara B.S, Chairman, Concorde.

Concorde currently possesses land bank of over 120 acres, where term sheets have already been signed for the development of apartments and plots.