Century real estate, an included, complete-provider actual estate development organisation based out of Bengaluru, has efficiently closed a funding round with Edelweiss, securing Rs. 450 crore in funding capital. Signifying a sturdy growth trajectory, the business enterprise has further announced a sales revenue milestone of Rs.1000 crore in FY 2023/24 registering 4x boom in a span of 4 years.
This achievement underscores the organisation’s robust momentum, which has brought about this funding from Edelweiss group, who earlier had invested with the institution within the year 2015 indicating a growing partnership with marquee monetary institutions geared toward extra progress and improvement.
The infusion of Rs. 450 crore will often be allotted in the direction of the development of a brand new luxurious assignment inside the heart of Bengaluru. a part of the price range may also be used closer to Century Trails and Century Wintersun section II, underlining the organisation’s dedication to turning in progressive and 86f68e4d402306ad3cd330d005134dac residential spaces.
Century, in addition, has unlocked a seventy two-acre land parcel in northern Bengaluru geared toward developing a residential task within the place of the international airport at Devanahalli.
Revealing the company’s optimistic growth, Ravindra Pai, the coping with Director at Century actual estate, said, “it’s far humbling to see the self belief our partners and clients have bestowed on us that has led us to turning into one of the leading relied on real estate developers of Bengaluru.
We’re very high-quality that FY 24/25 will be the largest ever 12 months as yet for the organisation, as we stay up for developing more than one luxury & aspirational tasks across very prime places in Bengaluru.”
“The multi-fold increase in our sales during the last few years, and the terrific reaction we’ve been getting for our projects, has been very encouraging for the employer. Our dedication to innovation and questioning in advance at Century, leads us to create new-age products that exceed expectations and resonate with clients of nowadays. With our new launches seeing a number of the fastest sellouts in the enterprise and a minimum stock overhang of underneath five% throughout our initiatives now, we’re endorsed to bring in lots of our very high land parcels into the marketplace this year.” – Maninder Chhabra, Director, income, marketing, & CRM.
Century real property has finished extra than 10 mn sq.ft of residential, business and plotted projects throughout Bengaluru, and over 20 mn of residential & commercial projects are currently underneath various stages of making plans & development.
