March 27, 2024: Real estate developer Concorde has announced a strategic investment of Rs 100 crore in 4.5 acre of prime land in North Bangalore’s Thanisandra, according to an official release. The company plans to develop a residential project on this land parcel with a revenue potential of around Rs 400 crore. According to the developer, Thanisandra has witnessed increased demand for residential real estate, given its proximity to IT and business hubs and the Kempegowda International Airport.
Anil R G, managing director, Concorde, “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.”
“Home automation continues to be a key priority for us as we enhance safety measures and work towards energy conservation. 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.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] |
Harini is a content management professional with over 12 years of experience. She has contributed articles for various domains, including real estate, finance, health and travel insurance and e-governance. She has in-depth experience in writing well-researched articles on property trends, infrastructure, taxation, real estate projects and related topics. A Bachelor of Science with Honours in Physics, Harini prefers reading motivational books and keeping abreast of the latest developments in the real estate sector.
Related Posts
Office space absorption up by 46% at over 10.2 million sq ft: CBRE.
Karnataka deputy chief minister defends move to revive Bengaluru steel bridge project.
Mumbai realty saw investment worth $8 bn between 2018-22: Report.
Concorde launches new development project in Karnataka’s Malur.
Southern cities account for 59% office leasing in Q2 2023: Report.
Concorde launches housing project in Bangalore with a GDV of Rs 525 cr.
