Bengaluru’s fast-evolving residential landscape is witnessing another major development as Concorde Group acquires a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential project. With an estimated Gross Development Value (GDV) of ₹500 crore, the project highlights the growing appetite for luxury housing and community-centric living in the city’s northern corridor.
Key Highlights of the Hennur Project
📌 Project Overview:
- Developer: Concorde Group
- Location: Hennur, North Bengaluru
- Land Area: 3 acres
- Saleable Built-up Area: ~4.25 lakh sq ft
- Configuration: 2 & 3 BHK residences
- Amenities: Clubhouse, landscaped gardens, and modern facilities
- Estimated GDV: ₹500 crore
- Expected Launch: FY 2026–27
Strategic Location: Why Hennur?
Hennur has rapidly emerged as one of North Bengaluru’s most promising real estate destinations due to:
- Proximity to Tech Hubs: Close to Manyata Tech Park and Kirloskar Business Park
- Airport Access: Easy connectivity to Kempegowda International Airport
- Connectivity: Located along the Outer Ring Road (ORR), with easy access to KR Puram and Yeshwanthpur
These locational advantages make Hennur a hotbed for developers and homebuyers alike.
Developer’s Vision: Expanding in North Bengaluru
“This investment underlines our commitment to expand our footprint in the high-demand North Bengaluru corridor,” said Anil R G, Managing Director, Concorde Group.
“Hennur is fast emerging as a preferred residential hub due to its strong connectivity to tech parks and the airport. Through this project, we aim to cater to the growing demand for high-rise, community-centric living with modern design and amenities.”
With over 26 million sq ft of completed projects across Bengaluru, Concorde continues to play a significant role in shaping the city’s urban future.
Snapshot: Recent Concorde Projects
| Project | Location | Land Area | Units | Project Value |
|---|---|---|---|---|
| Concorde NEO | Thanisandra Main Road | 4.02 acres | 424 (2 & 4 BHK) | Not disclosed |
| Upcoming Project | Hennur, North Bengaluru | 3 acres | 2 & 3 BHK Units | ₹500 crore |
| Sarjapur Project | Sarjapur Road | 1.6 acres | High-rise tower | ₹200 crore |
Co-Working Expansion: 315Work Avenue’s Pune Move
While residential real estate sees strong activity in Bengaluru, the commercial segment isn’t far behind. 315Work Avenue, a co-working space provider, has leased 50,000 sq ft to METRO Global Solutions Center Pvt Ltd (MGSC) at International Tech Park Pune (ITPP), Kharadi.
- MGSC: Internal tech solutions arm of global wholesaler METRO
- ITPP Developer: Ascendas-Singbridge
- Total Tech Park Area: 2.5 million sq ft
- 315Work’s Pune Presence: 6 centres, 0.6 million sq ft, 12,000+ seats
- National Presence: 3 million sq ft across 45 locations
“We continue to see a significant rise in demand for co-working spaces from corporates of all sizes,” said Manas Mehrotra, Founder, 315Work Avenue.
“Flexible workspace has become a key component in real estate portfolios to enhance productivity and scale operations efficiently.”
According to JLL, flexible workspaces accounted for 20% of India’s office leasing in 2024, and are projected to cross 100 million sq ft by 2026.
FAQs
1. What is the value of the new Concorde project in Hennur?
The estimated Gross Development Value (GDV) of the project is ₹500 crore.
2. When will the Hennur project launch?
The project is expected to launch in FY 2026–27.
3. What configurations will be available in the new Concorde development?
The project will feature 2 and 3 BHK premium residences.
4. Why is Hennur considered a prime location for real estate?
Hennur offers excellent connectivity to major tech parks and the international airport, making it highly attractive for homebuyers and investors.
5. Who has leased space at International Tech Park Pune?
METRO Global Solutions Center Pvt Ltd (MGSC) has leased 50,000 sq ft at ITPP through 315Work Avenue.