Concorde, one of Bengaluru’s real estate developers, announced a strategic investment of ₹ 100 crore in 4.5 acres of land in Thanisandra, a micro market of North Bengaluru.

The company plans to develop a residential project on this land parcel with a revenue potential of around ₹400 crore. Thanisandra is a hotspot in Bengaluru with increased demand for residential real estate, given its proximity to IT and business hubs, and the Kempegowda International Airport.

• Also read: Concorde outlays ₹1,200 crore to expand its residential portfolio

“This project is part of our plan to expand our footprint in Bengaluru and to

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Homebuyers are unlikely to flood back into the housing market this spring; Rather their returns will be “staggered” over the second half of the year, says one economist.

Some observers have predicted a busy spring season, as buyers, heartened by the prospect of Bank of Canada interest rate cuts, rush back to the market.

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Robert Hogue, assistant chief economist at Royal Bank of Canada, however, believes it will take a series of rate cuts before many are ready to take the plunge.

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Mortgage rates will need to come down substantially before they get the