Concorde, one of Bengaluru’s leading real estate developers, announced a strategic investment of Rs 100 crores in 4.5 acres of prime land in Thanisandra - the much sought-after micro market of North Bengaluru. The company plans to develop a landmark residential project on this land parcel with a revenue potential of around Rs 400 crores. Thanisandra is a hotspot in Bengaluru with heightened demand for residential real estate, given its proximity to IT and business hubs, and the Kempegowda International Airport.
"This project is part of our plan to expand our footprint in Bengaluru and to provide enhanced offerings to our clientele and will be ideal, both as an investment opportunity for good rental yield as well as for self-occupancy given its proximity to IT corridors of Manyata Tech Park and Whitefield. This strategic investment aligns with our vision to deliver exceptional residential experiences in Bangalore's most desirable locales. With its prime location, excellent connectivity, and burgeoning demand, Thanisandra presents a compelling opportunity for us to create a residential development that redefines urban living. Additionally, the region has well developed infrastructure including seamless connectivity to the rest of the city through the upcoming metro line.” said Anil R G, Managing Director, Concorde.
“Home automation continues to be a key priority for us as we enhance safety measures and work towards energy conservation. Our commitment to innovation extends to our signature clubhouses, where residents enjoy world-class amenities for optimal comfort and leisure. Sustainability is another area of commitment for us, and as such all properties are equipped with state-of-the-art sewage treatment plant, rainwater harvesting systems for groundwater replenishment, and naturally regenerating bio-ponds fostering diverse micro-ecosystems. We also ensure that all treated water is used for flushing, solar panels are installed in common areas, EV charging stations are provided, aligning with its mission to embrace greener initiatives and reduce its carbon footprint.” he added.
