Century Real Estate, one of Bengaluru's premier real estate developers, targets unlocking Rs14,000 crore in Gross Development Value (GDV) after securing Rs1,850 crore in debt funding. This funding, led by Ares Asia and SC Lowy, will be instrumental in driving the company’s expansion strategy and supporting both new and existing projects in Bengaluru. Century is confident of unlocking the target GDV over the next five years, further strengthening its development portfolio across key locations in the city.
Speaking on the funds raised, Ravindra Pai, Managing Director, Century Real Estate, said, “Securing Rs1,850 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.”
The funding round was spearheaded by Ares Asia, which invested Rs1600 crore in two tranches, while SC Lowy contributed Rs250 crore to support the development of residential and Grade A commercial spaces, strengthening Century Real Estate's expansion in Bengaluru's prime micro-markets.
Century Real Estate has maintained a strong growth momentum of over 2x Year-on-Year growth, riding on the unprecedented surge in demand for luxury and aspirational living spaces from established brands in Bengaluru. In the first half of FY25 alone, the company recorded over Rs1,024 crore in pre-sales revenue, while witnessing a 121% growth in residential sales bookings compared to FY24.
