Century Real Estate Embarks on Eight New Projects, Targets Doubling Turnover to ₹2,100 Crore

Century Real Estate, a prominent player in Bengaluru’s property sector, is embarking on an ambitious expansion plan to develop eight housing projects spanning more than 55 acres across the city over the next 18 months. The projects, concentrated in Bengaluru’s North and East, aim to cater to the city’s burgeoning demand for high-end residences with price points above ₹1.4 crore. With a keen eye on growth, the company anticipates doubling its turnover to ₹2,100 crore by the end of this fiscal year, marking a significant leap from last year’s figure of ₹1,000 crore.

Director of Sales, Marketing, and CRM for Century Real Estate emphasised that partnerships with financial backers will help bring these developments to fruition. The company’s flagship project, “Codename Built Rare,” located in Indiranagar, is already making waves with pre-launch bookings worth ₹650 crore. Slated to set a new pricing benchmark in the local market, the project features units starting from ₹5.5 crore and reaching up to ₹25 crore, expected to yield approximately ₹2,200 crore in revenue. The project, spread across 8.5 acres, will house 345 exclusive three and four BHK apartments, townhouses, and penthouses, reinforcing Bengaluru’s growing demand for ultra-luxury living.

In addition to high-end developments, Century Real Estate is exploring opportunities in senior living as it seeks to diversify its offerings and reach untapped segments of Bengaluru’s residential market. As the company advances towards its revenue goals, it has also adopted joint development models with established brands like Prestige Estates and Brigade Enterprises. Leveraging its expansive land bank and joint development agreements, Century is poised to continue its rapid revenue growth trajectory into the next financial year.

In terms of sustainability, Century is aligning its projects to incorporate eco-friendly practices, minimising environmental impact through green building techniques and resource-efficient designs. By embracing these practices, the company not only aims to reduce its carbon footprint but also to set a higher standard in urban development, contributing to Bengaluru’s reputation as a hub for sustainable and smart real estate. This commitment to sustainable construction also aligns with Century’s strategic goal of entering Bengaluru’s top three real estate firms, potentially setting the stage for a future public listing.

Century Real Estate’s ambitious strategy underscores the rapid evolution of Bengaluru’s real estate landscape, where a blend of luxury, diversification, and sustainable development are essential to staying competitive. As the company continues to scale, its influence within the city’s housing market and commitment to meeting the evolving needs of Bengaluru residents may define its success in the years to come.