Century Real Estate

The 14-acre project off Bengaluru's Outer Ring Road will feature 1.7 million sq ft of residential space with 750 apartments, plus 0.5 million sq ft of commercial and retail zones

Realty firm Century Real Estate has reported more than two times increase in its sales bookings to Rs 1,062 crore during the July-September period of this fiscal on strong demand for its residential projects. The Bengaluru-based developer had sold properties worth Rs 452 crore in the year-ago period. During the first six months of this fiscal, the company's sales bookings rose to Rs 1,305 crore from Rs 907 crore in the corresponding period of the preceding year. Mahesh Prabhu, CEO of Century Real Estate, said the July-September period has been a defining quarter, marked by record-breaking sales across our portfolio. "This performance reflects not just strong consumer demand, but also the broader shifts shaping Bengaluru's housing market, from rising NRI inflows and infrastructure-led corridor growth to the premiumisation of residential demand," he added. Century Real Estate said it has strengthened its presence in both core city luxury micro-markets and emerging growth hubs in Nor

The funding, led by Ares Asia and SC Lowy, will support both ongoing and upcoming projects in the city across residential and commercial verticals

Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured "Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy". The fund will help in driving the company's expansion strategy and supporting both new and existing projects in Bengaluru. The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy contributed Rs 250 crore to support the development of residential and Grade A commercial spaces. Ravindra Pai, Managing Director, Century Real Estate, said, "Securing Rs 1,850 crore in funding is a testament to the trust our financial partners place in Century Real Estate's vision and execution." With Bengaluru's real estate market witnessing strong demand for both residential and Grade A commercial sp

Century Regalia, located in Indiranagar, emerged as one of the brand's standout performers, contributing about Rs 1,000 crore to the company's top line

Century Textiles stock price today surged after the company acquired around 10 acres of land parcel in Worli, Mumbai. The company plans to develop the land, through its real estate subsidiary

Institutional investment in real estate increased 37 per cent to USD 1.65 billion during January-March, driven by higher inflow in office and housing properties, according to Colliers. Inflows stood at USD 1.2 billion in the same period last year, it added. Foreign investors preferred to deploy funds in office assets, while domestic players put more money into housing. The office sector continued to drive the investment inflows, accounting for 55 per cent of the total inflows during the January-March period, the data from real estate consultant Colliers India showed. The residential segment's share was 22 per cent. Institutional investment inflows in the office sector rose 41 per cent to USD 907.6 million during January-March from USD 643.6 million in the corresponding period of the previous year. Inflows in residential assets jumped to USD 361.1 million from USD 16.5 million. Industrial and Warehousing assets saw a 20 per cent growth in inflows to USD 216.3 million from USD 179

Bengaluru asset has a development value of Rs 12,000-14,000 crore

The firm is slowly diversifying into other segments relating to real estate business as part of its initiatives to find varied revenue sources