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Concorde’s New Residential Project With Rs 450 Cr Revenue Potential

Concorde’s New Residential Project With Rs 450 Cr Revenue Potential

BY Realty Plus
Published - Thursday, 31 Oct, 2024
Concorde’s New Residential Project With Rs 450 Cr Revenue Potential

Concorde, one of Bengaluru's leading real estate developers, has announced its latest residential property, "Concorde NEO. Set on 4.02 acres of prime land on Thanisandra Main Road in North Bengaluru, envisages the company's vision for tech-integrated, sustainable, and amenity-rich urban homes. With an anticipated revenue potential of Rs 450 crores, Concorde NEO signifies Concorde’s expansion into North Bengaluru's vibrant residential neighbourhood.

Positioned strategically at the cusp of two fastest growing neighbourhoods of North and East Bengaluru, Concorde NEO is surrounded by modern offices, and tech parks. Thanisandra Main Road, where the property is located, has emerged as a sought-after residential hub due to its strategic connectivity. The Kempegowda International Airport is only a 20-minute drive away via new airport road and the Outer Ring Road, offering residents effortless access to both East Bengaluru and the city center. The project’s accessibility is further enhanced by its proximity to two metro stations—Yelahanka Metro Station on the Blue Line is just 15 minutes away, while Nagwara Metro Station, where the Blue and Pink Lines intersect, is reachable in 12 minutes. With nearby railway stations like Banaswadi, Bangalore Cantonment, and Bangalore East, Concorde NEO also provides excellent inter-city travel options, making it ideal for residents with diverse commute needs.

Covering 4.02 acres, Concorde NEO comprises of six towers with 424 units spanning ground plus 18 floors, and two basements. It is carefully designed to offer a harmonious living experience, boasting more than 40 indoor and outdoor amenities spread across four zones: the Active & Sports Zone, Community Zone, Leisure Zone, and Recreational Zone. A notable feature is Concorde’s signature "Evolve," a 7000 sq.ft. multi-level clubhouse located on the 17th and 18th floors, along with an open terrace that spans 2000 sq. ft. for outdoor entertainment. The property emphasizes 78% open spaces, and an efficient floor plan that provides a 70% SBA-to-carpet area ratio, delivering spacious and comfortable living.

Designed to reflect the ideals of sustainable living, Concorde NEO features smart technology and energy-efficient systems throughout each unit. Residents will enjoy enhanced safety through a four-level security system, while motion sensors in bathrooms and kitchens ensure energy efficiency. Smart appliance management allows control of lighting and primary appliances via a mobile app, and voice assistance is integrated with Alexa for easy operation. Additional highlights include grand 8-foot entrance doors, spacious master bedrooms, and 7-ft. tall windows that optimize natural light and ventilation. Sustainable features such as STP (Sewage Treatment Plant), rainwater harvesting, and an organic waste converter reflect Concorde NEO’s commitment to environmental stewardship, including efficient water management.

 

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