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Concorde Group plans to invest around INR 125 crore to develop a commercial block at its Concorde Mayfair mixed-use project in Yelahanka, Bengaluru. The proposed development will include retail spaces on lower floors and office spaces on upper levels, catering to a mix of businesses and professionals. Located on Bellary Road, the project benefits from strong connectivity to Kempegowda International Airport and key parts of north Bengaluru. Yelahanka has emerged as a growing real estate hub due to infrastructure upgrades and rising residential demand. The commercial block is expected to enhance the project's overall value while tapping into steady demand for quality office and retail space in the region.
Concorde Group is set to invest approximately INR 125 crore to develop a commercial block at its Concorde Mayfair project in Yelahanka, Bengaluru, marking a significant expansion of the mixed-use development. The commercial block is being planned as a key component of the larger project, which integrates residential apartments with retail and office spaces to create a self-sustained urban development. Advertisement
The proposed commercial block will comprise multiple floors designed to accommodate both office and retail users. The lower levels are expected to house retail and high-street commercial outlets, while the upper floors will be configured as office space suitable for a range of occupiers, including corporates, professional services firms and small enterprises. The design focuses on efficient floor plates, modern infrastructure and adequate parking facilities to support daily business operations.
Located on Bellary Road, the project benefits from strong regional connectivity. Yelahanka has emerged as one of Bengaluru's prominent real estate micro-markets due to its proximity to Kempegowda International Airport, established residential neighbourhoods and upcoming infrastructure projects. Improved road connectivity and proposed metro links have further enhanced the area's attractiveness for commercial development, particularly for businesses seeking access to the airport and northern parts of the city.
The investment reflects growing confidence in Bengaluru's commercial real estate market, which continues to be driven by demand from the technology, services and startup sectors. Developers are increasingly focusing on integrated developments that offer a mix of uses, allowing for diversified revenue streams and better utilisation of land parcels. Commercial components within residential projects are also seen as value enhancers, offering convenience to residents while attracting steady footfall and leasing demand.
Concorde Mayfair's commercial block is expected to support long-term rental income for the developer, adding to the project's overall financial viability. Industry observers note that demand for quality office and retail space in north Bengaluru has been rising steadily, supported by population growth, residential absorption and infrastructure upgrades in the region.
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