Century Real Estate, a prominent Bengaluru-based developer, has successfully secured ₹1,850 crore in structured debt funding to bolster its ongoing and upcoming projects in the city. The funding round was led by global investors Ares Asia and SC Lowy, with Ares Asia contributing ₹1,600 crore in two tranches and SC Lowy investing ₹250 crore.
Strategic Expansion in Bengaluru
The capital infusion will support Century Real Estate’s ambitious expansion plans in Bengaluru’s real estate market. The company is set to launch over 10 residential and plotted development projects in the fiscal year 2025-26, primarily in East and North Bengaluru, with an estimated revenue potential exceeding ₹9,000 crore.
Notably, Century Real Estate is developing a luxury project named “Codename Built Rare” in Indiranagar, featuring units priced between ₹5.5 crore and ₹25 crore. This project alone is expected to generate approximately ₹2,200 crore in revenue.
Diversified Portfolio and Future Outlook
Founded in 1973, Century Real Estate boasts a land bank of over 3,000 acres and a development portfolio exceeding 20 million square feet, encompassing residential, commercial, hospitality, and educational assets.
The company’s strategic focus on Bengaluru’s evolving real estate market, coupled with its robust project pipeline and strong investor confidence, positions it for sustained growth in the coming years.
Godrej Riverine, Noida
Booking value exceeding ₹2,000 crore.
Godrej Astra, Gurugram
Booking value over ₹1,000 crore.
Godrej Madison Avenue, Hyderabad
Booking value over ₹1,000 crore.
Strategic Business Developments
Throughout FY25, GPL added new projects with a future booking potential of ₹26,450 crore, ensuring a robust pipeline for the coming years. The company also raised ₹6,000 crore through a Qualified Institutional Placement (QIP) in December 2024, bolstering its financial position for future investments.
Leadership's Perspective
Gaurav Pandey, Managing Director and CEO of Godrej Properties, expressed his satisfaction with the company’s performance, stating, “We are delighted to have crossed ₹10,000 crore in sales bookings for the first time in a single quarter. Our sales bookings over the last three years have compounded at an annual growth rate of 55%, resetting the scale of our operations.”
Outlook
With a strong financial foundation, a diverse project portfolio, and a commitment to sustainability, Godrej Properties is well-positioned to continue its growth trajectory in the Indian real estate market.
