Century Real Estate Bengaluru to Launch Eight High-End Housing Projects, Investing Over INR 2200 Crore
Addressofchoice 25 December 2024Century Real Estate, a leading developer in Bengaluru, is set to roll out eight high-end residential projects in the city over the next 18 months. These developments will cover more than 55 acres in key locations across North and East Bengaluru, reinforcing the company's commitment to shaping the city's urban landscape.
Strategic Locations and High-End Offerings
The projects will cater to the growing demand for luxury housing in Bengaluru, with units priced starting from ?1.4 crore. Two of the eight projects are expected to be launched in the next two months. These include Codename Built Rare in Indiranagar and Codename UnbeLivable in Yelahanka. These two developments have already proven to be a financial success, generating ?650 crore in pre-launch sales.
Projects with a Focus on Luxury and Exclusivity
The upcoming properties, which include spacious three and four BHK apartments, townhouses, and penthouses, will be priced between ?5.5 crore and ?25 crore. With a total of 345 units, these projects are expected to generate an estimated revenue of ?2,200 crore. The developments will span across 8.5 acres, offering a combination of luxury living and exclusivity.
Partnerships and Expansion Plans
Century Real Estate has consistently grown its revenue year-on-year, focusing on expanding its presence within Bengaluru’s real estate market. As part of its strategy, the company is collaborating with renowned partners like Prestige Estates and Brigade Enterprises for joint development projects. Looking ahead, Century Real Estate is also exploring opportunities in the senior living segment, with plans to launch a modest project in the coming financial year.
A Vision for Bengaluru’s Future Real Estate Landscape
Century Real Estate's ambitious expansion plans in Bengaluru reflect the company’s vision to cater to the increasing demand for high-end residential properties. With the backing of strong financial partners, the company is poised to shape the city's real estate future, offering both luxury living and sustainable growth.
Highlights:
- Century Real Estate to develop eight new housing projects in Bengaluru over 55 acres.
- Projects will be located in North and East Bengaluru, with units starting at ?1.4 crore.
- Codename Built Rare in Indiranagar and Codename UnbeLivable in Yelahanka will launch soon.
- Pre-launch phase generates ?650 crore in sales, with a revenue estimate of ?2,200 crore.
- The projects include 345 luxury units, including three and four BHK apartments, townhouses, and penthouses.
- Century Real Estate partners with industry leaders like Prestige Estates and Brigade Enterprises.
- The company plans to explore the senior living market with an upcoming project.
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