Leading real estate developer Concorde Group has acquired a 1.6-acre land parcel on Sarjapur Road in Bengaluru for a new residential project estimated at INR 200 crores. Facilitated by Colliers India, the project will feature a high-rise building with 2 and 3 BHK apartments, integrating home automation for enhanced security and energy efficiency. A signature Evolve clubhouse will provide top-notch amenities. The prime location offers access to key IT clusters and improved connectivity with the upcoming Peripheral Road and Namma Metro expansion. This acquisition underscores Concorde's commitment to innovative, high-quality living spaces, reinforcing its position as a top real estate developer.
Leading real estate developer Concorde Group recently acquired a 1.6 acre land parcel on Sarjapur Road in Bengaluru, for a potential new development. The company aims to build a residential complex at an estimated cost of INR 200 crores. Colliers India was instrumental in facilitating the deal.
The proposed building will consist of 2 and 3 BHK apartments distributed throughout a 2.25 lakh square foot high-rise skyscraper. Concorde intends to use technology to enhance construction and provide home automation services to residents which will improve security and save energy. The project will also feature a signature Evolve clubhouse with top-notch amenities that follows Concorde's SMART philosophy.
The prime location of the project will offer residents access to important IT clusters including Whitefield, Electronic City, Outer Ring Road, Marathahalli, and Koramangala. Further, the planned 74 km Peripheral Road and stages two and five of Namma Metro are expected to complete, greatly enhancing the area's infrastructure. Due to the notable increase in connectivity in this area, it is a prime site for both commercial and residential development.
Nesara B S, Chairman of Concorde, expressed enthusiasm about the initiative. He highlighted that this acquisition reinforces their commitment to delivering innovative and high-quality living spaces that meet the evolving needs of modern homebuyers in strategic locations. With the support of Colliers India, they structured a deal that benefits both the landowners and their development goals.
Piyush Gupta, Managing Director of Capital Markets & Investment Services at Colliers India, highlighted the firm's role in the transaction. He noted that Concorde is building homes of the future with projects featuring modern architecture and tech-infused features.
As Concorde Group embarks on this new project, the collaboration with Colliers India highlights the importance of strategic partnerships in achieving business goals. The development on Sarjapur Road is anticipated to set new benchmarks in the real estate market, offering modern and luxurious living spaces that cater to the needs of contemporary homebuyers.
In summary, the acquisition of the land parcel on Sarjapur Road by Concorde Group, facilitated by Colliers India, represents a significant step forward in the real estate landscape of Bengaluru. The upcoming residential project promises to deliver innovative and high-quality living spaces, further solidifying Concorde's position as a leading real estate developer in the region.
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