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Time of India
22-05-2025
- Business
- Time of India
Century Real Estate raises ₹1,850 crore debt to fund existing and future projects
NEW DELHI: Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured "Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy". The fund will help in driving the company's expansion strategy and supporting both new and existing projects in Bengaluru . The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy contributed Rs 250 crore to support the development of residential and Grade A commercial spaces. Ravindra Pai , Managing Director, Century Real Estate, said, "Securing Rs 1,850 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 strong demand for both residential and Grade A commercial spaces, Pai said this capital infusion empowers the company to accelerate its expansion. Founded by P Dayananda Pai and P Satish Pai in 1973, Century Real Estate is one of the leading real estate companies in South India. The company has a land bank of over 3,000 acres, and a development portfolio of over 20 million square feet, comprising premium residential and commercial assets like hotels, office buildings, residences, educational institutions, and integrated townships.
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Business Standard
22-05-2025
- Business
- Business Standard
Century to unlock ₹14,000 cr GDV with ₹1,850 cr boost from investors
The funding, led by Ares Asia and SC Lowy, will support both ongoing and upcoming projects in the city across residential and commercial verticals Aneeka Chatterjee Bengaluru Listen to This Article Bengaluru-headquartered Century Real Estate aims to unlock ₹14,000 crore in Gross Development Value (GDV) over the next five years, following the successful securing of ₹1,850 crore in debt funding. The funding, led by Ares Asia and SC Lowy, will support both ongoing and upcoming projects in the city across residential and commercial verticals. The funding round, led by Ares Asia, brought in approximately ₹1,600 crore in two tranches, with SC Lowy contributing ₹250 crore. Speaking on the funds raised, Ravindra Pai, managing director, Century Real Estate, said: 'Securing the fund is a testament to the trust our financial partners place
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Business Standard
22-05-2025
- Business
- Business Standard
Century Real Estate raises Rs 1,850 cr debt to fund existing, new projects
Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured "Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy". The fund will help in driving the company's expansion strategy and supporting both new and existing projects in Bengaluru. The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy contributed Rs 250 crore to support the development of residential and Grade A commercial spaces. Ravindra Pai, Managing Director, Century Real Estate, said, "Securing Rs 1,850 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 strong demand for both residential and Grade A commercial spaces, Pai said this capital infusion empowers the company to accelerate its expansion. Founded by P Dayananda Pai and P Satish Pai in 1973, Century Real Estate is one of the leading real estate companies in South India. The company has a land bank of over 3,000 acres, and a development portfolio of over 20 million square feet, comprising premium residential and commercial assets like hotels, office buildings, residences, educational institutions, and integrated townships.
Time of India
22-05-2025
- Business
- Time of India
Century Real Estate raises ₹1,850 cr from Ares Asia, SC Lowy
Century Real Estate has secured ₹1,850 crore in structured debt funding led by global investors Ares Asia and SC Lowy , marking one of the largest private debt raises by a regional real estate developer in recent quarters. The capital infusion will enable the Bengaluru based developer to unlock projects with a cumulative Gross Development Value (GDV) of ₹14,000 crore over the next five years. Ares Asia committed ₹1,600 crore across two tranches, while SC Lowy contributed ₹250 crore. The funds will be channelled towards scaling up residential and Grade A commercial developments across Bengaluru's high-demand micro-markets, the company said in a statement. '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,' said Ravindra Pai, Managing Director, Century Real Estate. The developer has maintained a robust growth trajectory, clocking over 2x year-on-year growth, buoyed by the rising demand for branded residential spaces in Bengaluru. In H1FY25 alone, the firm posted pre-sales of ₹1,024 crore — a 121% jump in residential bookings compared to FY24. The latest fundraise underscores renewed investor appetite for India's real estate sector, especially in core urban markets like Bengaluru, where demand for lifestyle-focused housing and institutional-grade office assets continues to outpace supply. The city is also emerging as a prominent luxury market amongst India's top cities, with Knight Frank's Wealth Report 2025 highlighting that people investing in real estate buy more square footage in Bengaluru for $1 million compared to Mumbai and Delhi. These advantages, coupled with a growing presence of multinational corporations setting up Global Capability Centers (GCCs), including major players like Google, are further solidifying Bengaluru's position as a hub for business and innovation. The company has a land bank of over 3000 acre and a development portfolio of over 20 million comprising premium residential and commercial assets like hotels, office buildings, residences, educational institutions, and integrated townships.
