Concorde acquires 4.5 acres land for residential project in Thanisandra, Bengaluru

Concorde Thanisandra
Concorde Thanisandra

In an ambitious move to enhance Bengaluru’s real estate landscape, Concorde Group has successfully acquired a substantial 4.5-acre tract of land in the strategically positioned Thanisandra area. This acquisition is poised to set a new benchmark in luxury living, with plans to erect an iconic residential complex. The projected revenue from this venture is estimated to soar to a remarkable Rs 400 crores, a testament to the potential held within this vibrant locale.

Concorde, a notable player in the real estate sector, has recently secured a 4.5-acre land parcel in the bustling Thanisandra area, located in the northern sector of Bengaluru, Karnataka, with an investment of Rs 100 crore.

The company is poised to leverage this acquisition to craft an upscale residential project, envisioned to generate a revenue of approximately Rs 400 crore. Slated to kick off in July 2024, the project is ambitiously designed to feature six residential towers, which will house a total of 424 units, each offering two and three bedrooms, along with a living room and kitchen. The projected expenditure for this venture, inclusive of the land purchase cost, is pegged at Rs 251 crore.

Thanisandra, renowned for its dynamic atmosphere and strategic location, offers a promising canvas for Concorde to sculpt a residential community that epitomizes the essence of modern urban living. The area’s robust infrastructure and the anticipation of enhanced city connectivity through a forthcoming metro line add to its appeal.

This initiative is a critical component of Concorde’s ambitious Rs 1,200-crore investment strategy, which spans a three-year period, aiming to significantly expand its portfolio and impact in the real estate domain.

Concorde Thanisandra Bengaluru’s Emerging Residential: Thanisandra, nestled in the northern quadrant of Bengaluru, has rapidly emerged as a sought-after micro-market. Its allure is magnified by its adjacency to key IT and business precincts, including the prestigious Manyata Tech Park and Whitefield, making it a magnet for professionals seeking convenience and quality of life. The proximity to Kempegowda International Airport further elevates its appeal, promising unmatched accessibility and convenience.

A Strategic Investment with Far-reaching Implications: Concorde’s investment of Rs 100 crores in this prime land underscores a strategic foresight aimed at capitalizing on Thanisandra’s burgeoning demand for upscale residential properties. Anil R G, the visionary managing director of Concorde Thanisandra elaborated on the project’s objective to expand the company’s footprint in Bengaluru. This development is not just an architectural marvel but a lucrative investment opportunity, promising substantial rental yields and an ideal living environment for end-users.

Concorde Redefining Urban Living Standards: Concorde Upcoming project is not merely about constructing residences; it’s about crafting ecosystems that enhance urban living. With an emphasis on connectivity, the upcoming metro line promises seamless access to Bengaluru’s diverse landscapes, further enhancing Thanisandra’s attractiveness. The project aims to blend luxury with convenience, setting a new standard for urban developments.

Innovation at the Core: Smart Homes and Sustainable Living: Concorde’s commitment to innovation shines through in its focus on home automation, safety, and energy conservation. The incorporation of advanced technologies ensures that residents enjoy a life of ease and comfort, with state-of-the-art security systems and energy-efficient solutions. The project’s signature clubhouses are set to offer world-class amenities, elevating the standard for leisure and relaxation.

Sustainability is another cornerstone of Concorde’s philosophy. The integration of sophisticated sewage treatment plants, rainwater harvesting systems, and bio-ponds illustrates a deep commitment to environmental stewardship. These initiatives not only contribute to groundwater replenishment but also support diverse ecosystems, enhancing the project’s green quotient. The addition of solar panels and EV charging stations reflects a forward-thinking approach to reducing the carbon footprint and embracing eco-friendly practices.

Enhancing Community Living with World-Class Amenities: Concorde’s new residential project in Thanisandra is not just about individual homes; it’s about creating a vibrant community that offers an unparalleled living experience. The development is designed to cater to the diverse needs and lifestyles of its residents, providing a plethora of amenities that promote a healthy, social, and active lifestyle. From expansive green spaces and walking trails to state-of-the-art fitness centers and swimming pools, every aspect of the project is meticulously planned to foster community engagement and well-being.

Strategic Location: The Gateway to Bengaluru’s Best: The strategic location of Concorde’s project in Thanisandra serves as a gateway to the best that Bengaluru has to offer. Residents will enjoy easy access to top-tier educational institutions, healthcare facilities, shopping centers, and gourmet dining experiences. The area’s well-developed infrastructure and upcoming connectivity projects, including the metro line, ensure that residents are never far from the city’s vibrant cultural, entertainment, and business offerings.

A Commitment to Excellence and Innovation: At the heart of Concorde’s project is a commitment to excellence and innovation. The use of cutting-edge construction techniques and materials ensures the longevity and sustainability of the development. Smart home features and automation are integrated into each residence, providing a seamless and intuitive living environment that caters to the modern lifestyle. Concorde’s focus on innovation extends beyond the homes themselves, with plans to incorporate digital platforms and services that enhance the convenience and security of its residents.

Building a Sustainable Future: Sustainability is a key focus in the development of Concorde Thanisandra project. Every element of the project, from the landscape design to the construction materials, is chosen with an eye towards reducing environmental impact and promoting sustainability. Energy-efficient lighting, water-saving fixtures, and the use of renewable energy sources are just a few of the measures being implemented to ensure that the project not only provides a luxurious living experience but also contributes to the health of the planet.

A Visionary Approach to Urban Development: Concorde’s new residential project in Thanisandra is a testament to the company’s visionary approach to urban development. By combining luxury with sustainability, community with connectivity, and innovation with tradition, Concorde Thanisandra is setting a new standard for residential projects in Bengaluru and beyond. This development is more than just a place to live; it’s a destination that offers a glimpse into the future of urban living, where community, convenience, and sustainability converge to create a living experience that is truly unparalleled.

As this landmark project progresses, it is poised to become a cornerstone of Thanisandra’s urban landscape, offering a blueprint for the future of residential living in Bengaluru and setting a precedent for developments around the world. Concorde’s investment in Thanisandra is more than just a financial endeavor; it’s a commitment to creating a better future for the residents of Bengaluru and a model for sustainable, community-focused urban development.

Also Read:- Prestige Estates Projects Acquires 62.5 Acre in Indirapuram, Ghaziabad to Build Grand Township

Conclusion: A Landmark Development in the Heart of Bengaluru: Concorde’s latest venture in Thanisandra is more than just a real estate project; it’s a vision for the future of living in Bengaluru. By marrying luxury with sustainability and innovation with convenience, this development is set to redefine expectations and set new benchmarks in the residential real estate sector. As Thanisandra continues to evolve as a prime location, Concorde’s project stands as a beacon of progress, offering a glimpse into the future of urban living.

Frequently Asked Questions (FAQs):

Q.1. What is the size of the land parcel acquired by Concorde in Thanisandra?

Ans:- Concorde has acquired a 4.5-acre land parcel in Thanisandra, Bengaluru.

Q.2. How much did Concorde invest in acquiring the land in Thanisandra?

Ans:- The land acquisition in Thanisandra cost Concorde Rs 100 crore.

Q.3. What type of residential project is Concorde planning in Thanisandra?

Ans:- Concorde plans to develop a premium residential project, comprising six towers with a total of 424 two-and-three bedroom units.

Q.4. When is the project expected to commence?

Ans:- The project is expected to commence in July 2024.

Q.5. What is the total investment for the Thanisandra project, including land acquisition?

Ans:- The total investment, including land acquisition, is projected to be Rs 251 crore.

Q.6. What makes Thanisandra an attractive location for this project

Ans:- Thanisandra’s prime location, growing demand for residential spaces, and well-developed infrastructure, including upcoming metro connectivity, make it an ideal setting for this project.

Q.7. Is this project part of a larger investment plan by Concorde?

Ans:- Yes, this project is part of Concorde’s Rs 1,200-crore investment roadmap planned over three years.

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