India, June 19 -- Bengaluru-based real estate developer Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, for a premium high-rise residential project with an estimated Gross Development Value (GDV) of Rs.500 crore, the company said in a statement.

The upcoming development, expected to launch in FY 2026-27, will have a total saleable built-up area of approximately 4.25 lakh sq ft, it said.

The project will feature 2 and 3 BHK premium residences, including a clubhouse, and landscaped gardens, among other amenities.

"This investment underlines our commitment to expand our footprint in the high-demand North Bengaluru corridor," said Anil R G, Managing Director, Concorde. "Hennur is fast emerging as a preferred resident...