Concorde Group to invest 1200 crore in next 2 years
Concorde Group plans to develop 4.7 million square feet of property in Bengaluru with revenue potential of Rs 900 crore over the next two years.
“This year, our revenue target is about Rs 400 crore and Rs 500 crore for FY25. And we want to bring in 2 msf of inventories every year in Bengaluru,” said chairman BS Nesara
The planned launches include 2.5 msf of apartments, 1.2 msf of villas and 1 msf of commercial space and plots. Concorde received advances of Rs 300 crore and clocked revenue of Rs 272 crore in FY23.
“We want to invest Rs 1,200 crore over the next two years in Bengaluru. This will be partly equity, with the rest from customer advances. Additionally, about Rs 700 crore have already been invested for ongoing projects, which will take about three years,” Nesara said.
Bs Nesara holds a master’s degree in international finance from the University of Leeds, UK, and also has a degree from a Management Programme for Entrepreneurs and Family Business from the Indian Institute of Management, Bangalore. he is currently leading the project planning and strategizing on key areas in which the business can be developed with an infusion of fresh Ideas and ethics to fuel the Groups Expansion Plans
History of Concorde Group: A history of building homes. A history of creating value. Concorde was set up in 1998 with a vision to create sustainable value for stakeholders and deliver customer delight. In almost 22 years, the company has developed over 24 million square feet of real estate space, consistently delivering satisfaction to customers through its innovative offerings and professionalism in every aspect of its dealings. Known for building long-lasting value, the leadership at Concorde persistently strives towards delivering performance that makes a difference. A Concorde homeowner is one who looks for high quality, aesthetics and future growth. We deliver this with trust, transparency and fairness. Your search for a good home ends here.
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