Concorde Acquires 3 Acres in Hennur, North Bengaluru for ₹500 Cr High‑Rise Residential Project

Concorde Group has acquired a 3‑acre land parcel in Hennur, North Bengaluru for a premium high‑rise residential development. Announced June 19, 2025, the project is envisioned to span 4.25 lakh sq ft of sellable area with a GDV of ₹500 crore, and is slated for launch in FY 2026–27 .

Key Points

• Located in a high‑growth micro‑market with strong connectivity to Manyata, Kirloskar tech parks, ORR, KR Puram, Yeshwanthpur, and the Kempegowda Airport .

• The development will include 2 & 3 BHK premium apartments, targeting young professionals and families .

• Amenities: clubhouse, fitness centre, landscaped gardens, temperature‑controlled pool, indoor‑games area, children’s & seniors’ zones, jogging tracks, convenience retail .

Also read:Karnataka approves 15% housing quota for minorities

Red Flags

• Highly competitive micro‑market: other developers like Godrej, Brigade, Purva active nearby.

• Execution risks: meeting ₹500 cr GDV requires strong sales and timely delivery.

• Infrastructure dependency: success tied to timely metro expansion and ORR traffic flow.

Opportunities

• Connectivity & lifestyle: appeal to tech professionals seeking community‑centric urban living.

• Green & premium positioning: eco‑features, gated‑community design can enhance differentiation.

• Investment potential: early buyers/investors may see capital appreciation as infrastructure completes.

Conclusion

Concorde’s move into Hennur via this ₹500 cr high‑rise project underscores its strategic expansion into North Bengaluru’s booming residential corridor. With strong planning, premium amenities, and smart positioning, the development has the potential to set a new benchmark for upscale urban housing in the region.

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SOURCE: HINDUSTHAN TIMES