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Century Real Estate rallies Rs 175 cr for luxury housing project

Tuesday, 18 May 2021
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Bengaluru-based Century Real Estate has raised Rs 175 crore from investment firm PAG for development of a luxury housing project Century Ethos.

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

The 7.3 acre project, currently under construction, is located in prime North Bengaluru, Karnataka and comprises around 330 luxury units. The prices of units range from Rs 3.5 crore to Rs 12.5 crore.

Century Real Estate has over 3,000 acre of land bank and over 20 million sq ft of residential and commercial assets under construction, representing more than USD three billion in asset value.

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

 

 
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