Bengaluru
Bengaluru’s real estate sector is experiencing a fervent surge as prominent real estate firms eagerly channel substantial investments into the city’s promising landscape. Concorde Group, the latest contender in this real estate investment race, has unveiled plans to infuse a whopping ₹1,200 crore into the market over the next three years. The focus of this strategic capital injection is the burgeoning northern and eastern quarters of India’s technological capital. With a primary emphasis on the residential sector, Concorde Group envisions the construction of an expansive 3.5 million square feet within the next three and a half years. Deccan Herald reports that this ambitious initiative aims to bolster the city’s housing infrastructure significantly. Meanwhile, Chennai’s acclaimed Casagrand Group is poised to become a noteworthy participant in Bengaluru’s real estate landscape. The company has allocated an impressive ₹2,000 crore to invest in the city’s property market. This strategic move underscores the increasing allure of Bengaluru’s real estate potential, as companies from across the country seek to establish a strong presence in this dynamic market. In tandem with these investments, TriVeda Capital has set aside ₹200 crore through its BOSI (Bangalore Opportunities Series-I) fund. The funds will be dedicated to plotted residential development projects, contributing to the city’s urban expansion and catering to the evolving preferences of modern homeowners. TriVeda Capital, classified as a Category-I Alternate Investment Fund and registered with the Securities & Exchange Board of India (SEBI), demonstrates the discerning approach of investors in navigating Bengaluru’s real estate sector. The collective infusion of these substantial investments underscores Bengaluru’s position as a magnet for real estate opportunities, bolstered by its tech-driven economy and growing urban population.
Non-Residential Real Estate Investments
The real estate market in Bengaluru is witnessing growth even in the non-residential space also. In December 2022, it was reported that Prestige group was looking to invest ₹10,000 crore over a five-year time frame targeting office spaces. That investment of ₹10,000 crore is expected to generate rentals of ₹2,800 crore for the listed real estate company. Indospace which is into industrial real estate development for instance inked a memorandum of understanding (MoU) with the Karnataka government to invest ₹3,000 crore to build and scale up the state’s warehousing and logistics sector.
