Concorde Acquires Bengaluru Land for Rs 2 Bn Housing Project

02 Jul 2024 CW Team

Concorde Group has acquired a 1.6-acre land parcel in Bengaluru for Rs 2 billion to develop a high-end residential project. This strategic acquisition aligns with the company's vision to expand its footprint in the thriving Bengaluru real estate market and cater to the rising demand for luxury housing.

The acquired land, located in a prime area of the city, will be transformed into a premium residential complex featuring state-of-the-art amenities and modern architectural designs. Concorde Group aims to offer an upscale living experience to prospective homebuyers, focusing on quality construction and innovative design.

Suresh Hari, Chairman of Concorde Group, expressed enthusiasm about the project, highlighting the company's commitment to delivering superior real estate developments that meet the evolving preferences of urban dwellers. He noted that Bengaluru's real estate market continues to show robust growth, driven by a strong IT sector and increasing influx of professionals seeking high-quality housing options.

The upcoming housing project is expected to attract significant interest from both investors and end-users, given its strategic location and the promise of world-class living standards. Concorde Group plans to incorporate green building practices and sustainable technologies to enhance the project's environmental footprint.

With this new development, Concorde Group reinforces its position as a leading player in Bengaluru's real estate sector, dedicated to creating landmark residential spaces that set new benchmarks in luxury and sustainability. The project is set to commence soon, with completion slated for the coming years.

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