Concorde Buys 3 Acres in Hennur for ₹500 Cr High-Rise Residential Project

Bengaluru realty firm Concorde has acquired a three-acre land holding in North Bengaluru’s Hennur locality for a high-rise residential development with an estimated gross development value (GDV) of ₹500 crore.

The proposed development will have two- and three-bedroom apartments over a total saleable built-up area of around 4.25 lakh sq ft. The project is expected to be introduced in FY 2026-27 and is intended to cater to the growing housing needs of the city’s fast-developing northern corridor.

The investment aligns with our strategy to build our foothold in the high-demand North Bengaluru corridor,” said Anil RG, Managing Director of Concorde. “It also aligns with our long-term approach of identifying upcoming micro-markets with connectivity and community opportunities.

Hennur, which was a peripheral extension earlier, is today an integral residential area with enhanced road connectivity, proximity to major hubs such as Hebbal and the airport, and availability of education centers and IT parks. With metro development underway and other civic facilities being upgraded, North Bengaluru remains a developer’s hub in pursuit of high-value residential opportunities.

The Hennur project forms a part of Concorde’s overall growth strategy to fortify its residential portfolio by venturing into strategically placed micro-markets. The group has been concentrating on bringing mid-to-premium segment housing into locations experiencing sustained buyer demand and robust infrastructure thrust.

By staking its reputation on Hennur, Concorde is part of a list of builders venturing into North Bengaluru, one of the city’s most promising real estate frontiers. The company will unveil more details on design and prices closer to launch.