Concorde, a Bengaluru-based real estate developer, has expanded its commercial segment with a strategic investment of Rs 225 crore. Concorde will launch over 2 million sq ft of commercial space over the next two years. Out of the Rs 225 cr, the company has allocated Rs 100 cr for this fiscal. This investment aims to meet the rising demand for sustainable workspaces in Bengaluru post the pandemic era.
Concorde’s expansion of its commercial sector includes the development of Grade A commercial spaces with biophilic design, the first of which, Concorde Econex, which was launched in February 2023, with a further three projects in the pipeline. With this expansion, Concorde plans to increase its commercial business to over 30% of its overall portfolio.
“We will focus on establishing Grade A office space in the micro markets of the city. Currently, we have three projects in the pipeline for this year. One of the unique selling propositions of Concorde Econex and future projects is the integration of biophilic spaces that prioritize the well-being and connection with nature within the work environment,” said Grishma Reddy, director, Concorde.
Concorde Econex spans 1.35 lakh sq-ft.
