Century Real Estate raises Rs 175 cr for luxury housing project

18 May 2021 CW Team

Century Real Estate, based in Bengaluru, has raised Rs 175 crore from investment firm PAG for the development of a luxury housing project.

Century Real Estate, a leading developer and one of South India's largest landowners, announced a Rs 175 crore investment from global investment firm PAG for its ultra-luxury project Century Ethos.

The fund, according to the company, will be used to expedite the construction of the project as well as to retire existing debt.

The 7.3-acre project, which is currently under construction, is located in prime north Bengaluru and will house approximately 330 luxury units. The prices of the units range between Rs 3.5 crore and Rs 12.5 crore.

The fund will assist the company in hastening the project's completion, Ravindra Pai, Managing Director at Century Real Estate told the media.

Century Real Estate stated that it has over 3,000 acres of land bank and over 20 million sq ft of residential and commercial assets under construction, representing a total asset value of more than $3 billion.

Its over 20 million sq ft development portfolio includes hotels, office buildings, residences, educational institutions, and integrated townships.

Prestige Estates Projects announced a joint venture with Century Group last month to develop an office park in Bengaluru at a cost of around $123 million.

PAG is a leading investment firm in Asia. It manages $40 billion in capital across various strategies such as private equity, real estate, and absolute returns.

Image Source

Also read: Expansive luxury living rooms by Essentia Environments

Also read: Luxury properties secure big ticket deals

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..