Concorde Acquires 3-Acre Land in North Bengaluru for ₹500 Crore High-Rise Housing Project

Real estate developer Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for the development of a high-rise residential project with an estimated gross development value (GDV) of ₹500 crore. The company announced the land acquisition and project plans in a recent statement, adding to its growing portfolio in Bengaluru’s northern corridor.

The upcoming residential project is expected to be launched in the financial year 2026–27. The total saleable built-up area is planned to be approximately 4.25 lakh sq ft. The development will offer 2 and 3 BHK apartments and include facilities such as a clubhouse and landscaped gardens.

The project is located in Hennur, a growing residential area situated along the Outer Ring Road (ORR). The locality is well connected to major commercial hubs such as Manyata Tech Park and Kirloskar Business Park, and is accessible from key transit points like KR Puram, Yeshwanthpur, and Kempegowda International Airport.

Anil R G, Managing Director of Concorde, noted that the investment reflects the company’s plan to strengthen its presence in North Bengaluru, where demand for residential projects has been growing. He observed that Hennur is increasingly seen as a strategic location due to its access to major tech parks and the airport. According to him, the project is being designed to meet the rising need for high-rise, community-oriented housing with contemporary amenities.

Concorde has been expanding its land holdings in Bengaluru across multiple micro-markets. The Hennur acquisition follows other recent land deals in areas such as Sarjapur Road and Thanisandra, where the company is developing residential projects targeted at the mid-to-premium housing segments.

In June this year, the company acquired a 1.6-acre parcel on Sarjapur Road, where it is planning a high-rise residential tower with a total built-up area of 2.25 lakh sq ft. That project, comprising 2 and 3 BHK units, is estimated to have a revenue potential of ₹200 crore. The development is positioned to address residential demand in the southeastern corridor of the city, which continues to grow due to proximity to employment hubs and arterial roads.

Last year, in October, Concorde launched ‘Concorde NEO’ on Thanisandra Main Road, also in North Bengaluru. The 4.02-acre project features six towers with a total of 424 housing units in 2 and 4 BHK configurations. The project includes two levels of basement parking, a multi-level clubhouse measuring 7,000 sq ft, and an open terrace of 2,000 sq ft. This project was part of the company’s ongoing effort to target emerging micro-markets with infrastructure growth potential.

To date, Concorde has delivered over 26 million sq ft of residential and commercial space in Bengaluru. Its developments range from plotted layouts and mid-rise apartments to high-rise residential towers, catering to different segments of homebuyers across the city.

North Bengaluru has seen increased activity in the residential market due to the concentration of tech parks, improved road connectivity, and its location along the airport corridor. Hennur, in particular, has gained traction due to its linkages to Outer Ring Road, Bellary Road, and several employment zones.

The company’s ₹500 crore project in Hennur will add to the ongoing transformation of the area into a major residential zone. While detailed timelines and pricing have not yet been disclosed, the developer has indicated that the design and planning stages are already in progress, with the launch scheduled within the next financial cycle.

The land acquisition and the project form part of Concorde’s broader strategy to scale up its presence in Bengaluru’s residential sector by targeting locations with long-term infrastructure upgrades and sustained end-user demand.