+
Century Real Estate gets Rs 4.5 bn from Edelweiss for Bengaluru projects
Real Estate

Century Real Estate gets Rs 4.5 bn from Edelweiss for Bengaluru projects

Century Real Estate announced that it had secured Rs 4.50 billion from Edelweiss to finance real estate ventures in Bengaluru. According to a statement released by the company, they stated they had "successfully concluded a funding round with Edelweiss, obtaining Rs 4.50 billion in investment capital."

The company reported that its sales bookings had reached Rs 10 billion during the fiscal year 2023-24, indicating a fourfold increase over a period of four years.

"It has been decided that the Rs 4.50 billion injection will primarily be directed towards the establishment of a new luxury project in central Bengaluru. A portion of the funds will also be earmarked for Century Trails and Century Wintersun Phase II, demonstrating the company's dedication to providing innovative and top-quality residential properties," the statement added.

Century Real Estate has finished construction on more than 100 lakh square feet of residential, commercial, and plotted projects throughout Bengaluru. Additionally, over 200 lakh square feet of residential and commercial projects are currently in various stages of planning and development.

Established in 1973, Century Real Estate Holdings possesses a land bank exceeding 3,000 acres, equivalent to more than $ 4 billion in asset value. Furthermore, the company has a development portfolio of over 200 lakh square feet spread across South India.

Century Real Estate announced that it had secured Rs 4.50 billion from Edelweiss to finance real estate ventures in Bengaluru. According to a statement released by the company, they stated they had successfully concluded a funding round with Edelweiss, obtaining Rs 4.50 billion in investment capital. The company reported that its sales bookings had reached Rs 10 billion during the fiscal year 2023-24, indicating a fourfold increase over a period of four years. It has been decided that the Rs 4.50 billion injection will primarily be directed towards the establishment of a new luxury project in central Bengaluru. A portion of the funds will also be earmarked for Century Trails and Century Wintersun Phase II, demonstrating the company's dedication to providing innovative and top-quality residential properties, the statement added. Century Real Estate has finished construction on more than 100 lakh square feet of residential, commercial, and plotted projects throughout Bengaluru. Additionally, over 200 lakh square feet of residential and commercial projects are currently in various stages of planning and development. Established in 1973, Century Real Estate Holdings possesses a land bank exceeding 3,000 acres, equivalent to more than $ 4 billion in asset value. Furthermore, the company has a development portfolio of over 200 lakh square feet spread across South India.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code