Concorde's New Horizon: ₹500 Cr. Residential Project Rises in Hennur

Real estate developer Concorde has acquired a three-acre land parcel in Hennur, North Bengaluru, for a high-rise residential project with an estimated Gross Development Value (GDV) of ₹500 crore. The move aligns with the company’s strategy to expand its residential portfolio by targeting emerging micro-markets with high growth potential.

The upcoming development will feature two- and three-bedroom apartments, with a total saleable built-up area of approximately 4.25 lakh sq ft. Scheduled for launch in FY27, the project aims to meet the rising housing demand in North Bengaluru—an area experiencing rapid growth, driven by improved infrastructure, connectivity, and community development.

Anil RG, Managing Director of Concorde, stated, “This investment reflects our commitment to expanding in the high-growth North Bengaluru corridor. It is a strategic fit with our long-term vision of identifying and developing in micro-markets that combine strong connectivity with evolving urban ecosystems.”

The Hennur project underscores Concorde’s confidence in North Bengaluru as a future-ready residential hub, supported by sustained infrastructure investments and urban expansion trends.

News by Rahul Yelligetti.