Concorde set to invest Rs 1200 crore to expand its residential portfolio

Celebrating its 25th anniversary, Concorde, a prominent real estate developer, has unveiled an ambitious blueprint for expanding its residential portfolio, involving an investment of approximately Rs 1200 crore over the next three years. The company is poised to introduce an impressive expanse of 3.5 million square feet in premium and luxury residential spaces, with these transformative projects scheduled to commence in the third quarter of the ongoing fiscal year. The nucleus of this expansion strategy remains firmly grounded in the sought-after regions of North and East Bangalore, recognized for their robust demand, vast opportunities, and remarkable absorption rates, rendering them fertile ground for development.

As the curtain rises on this ambitious endeavour, Concorde envisions the launch of six residential projects with an annual sales target of approximately Rs 500 crore during this pivotal growth phase. The forthcoming unveilings, embodying a harmonious blend of opulence and sophistication, are tailor-made to cater to the discerning preferences of the high-end market, encompassing an eclectic array of apartments, villas, and villa plots. Demonstrating their steadfast dedication to innovation and community-centric design, Concorde's Chairman, Nesara B.S., revealed their plans for the upcoming year. The intention is to introduce a collective area of 16 lakh square feet across three distinct projects, targeting emerging localities in Bengaluru like Malur, Whitefield, Sarjapur, Yelahanka, and Vidhyaranyapura.

Concorde's commitment extends to integrating advanced smart features into homes and fostering vibrant communities and neighbourhoods. With a strong conviction, it believes that its designs, guided by customer preferences, innovation, and unwavering construction quality, will reshape luxury living in Bangalore. This transformation is set to create significant value for both patrons and stakeholders. The foundations of Concorde's expansion rest upon a substantial land bank, encompassing over 120 acres, where the preliminary steps for developing apartments and plots have already been set in motion. Emphasizing the significance of spatial utilisation, the company aims to ensure timely project delivery while maintaining an optimal range of 60–90% open spaces—a testimony to their commitment to green living and expansive living environments.

While firmly establishing its presence in South Bangalore, Concorde maintains its steadfast commitment to growth in this region. This is a strategic choice rooted in the alignment of their product mix with the dynamics of these markets. As the company embarks on this transformative trajectory, it underscores a relentless commitment to innovation, excellence, and elevated living experiences, aligning with its overarching vision to redefine luxury living paradigms and catalyse exceptional value within the realm of real estate.

Next (Nisus Finance, Phoenix ARC infuse Rs 95 crore in Ahmedabad commercial project)

Concorde set to invest Rs 1200 crore to expand its residential portfolio

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