Century Real Estate wants to expand by unlocking up to Rs. 14,000 crore in Gross Development Value (GDV) after raising Rs. 1,850 crore in debt funds. With the support of Ares Asia and SC Lowy, we can now focus on our planned growth and help all our current and future projects in Bengaluru. Century expects to achieve its targeted GDV in the next five years which will lead to increased development in strategic areas throughout the city.
Ares Asia was the key financier in the round, committing Rs. 1600 crore in two phases and SC Lowy added Rs. 250 crore, helping Century Real Estate purchase land and build apartments and Grade A commercial spaces in key areas of Bengaluru.
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Demand for high-end living from recognised brands in Bengaluru has driven Century Real Estate’s over 2x growth from year to year. The company logged OTS (off take sales) of Rs. 1,024 crore in January to June of FY25 and residential sales bookings grew by 121 percent in comparison to the previous year.
Speaking on the fundraising, 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 unprecedented demand for both residential and Grade A commercial spaces, this capital infusion empowers us to accelerate our expansion, deliver world-class developments, and reinforce our leadership in the industry. Balancing both residential and commercial growth, we are committed to meeting the high demand for premium living and business spaces. Our strong FY25 performance has set the foundation for an ambitious year ahead, and we remain dedicated to shaping Bengaluru’s skyline with innovative, high-quality spaces.”
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