Concorde aims for ₹650 crore in FY27, invests ₹200 crore in projects
NEW DELHI: Concorde is set to invest approximately ₹200 crore in FY27 as it aims to grow its project pipeline in Bengaluru, using a combination of outright land purchases and joint development agreements. The company reported sales of about ₹450 crore for FY26, compared to ₹340 crore the previous year, while recognized revenue fell between ₹395-400 crore. The firm anticipates improving its profit margin to around 15% in FY27 from the current 8-10% range. Traditionally focused on joint development projects, the company is now increasing its budget for outright land acquisitions as landowners in Bengaluru favor cash transactions due to…