Bengaluru: Realty firm Concord on Thursday said it has acquired a 1.6-acre land parcel in Bengaluru to develop a housing project with a revenue potential of Rs 200 crore.
"Designed as a premium high-rise residential complex, this combined development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement.
The proposed project located on Sarjapur Road will have a developable area of approximately 2.25 lakh square feet.
“This acquisition strengthens our commitment to provide innovative and high-quality living spaces that meet the growing needs of modern home buyers in strategic locations,” said Nesara B S, Chairman, Concorde.
To expand business amid strong consumer demand, real estate developers are purchasing land directly and also partnering with land owners to develop projects.
Concord is one of the leading real estate companies in the country.
"Designed as a premium high-rise residential complex, this combined development will have a gross development value (GDV) of Rs 200 crore," the company said in a statement.
The proposed project located on Sarjapur Road will have a developable area of approximately 2.25 lakh square feet.
“This acquisition strengthens our commitment to provide innovative and high-quality living spaces that meet the growing needs of modern home buyers in strategic locations,” said Nesara B S, Chairman, Concorde.
To expand business amid strong consumer demand, real estate developers are purchasing land directly and also partnering with land owners to develop projects.
Concord is one of the leading real estate companies in the country.
