The Top 50 Real State & Infra Company- RANK 32, Century Real Estate, Ravindra Pai, MD
Century Real Estate launched Century Greens – a plotted development project for those seeking a sustainable and eco-friendly lifestyle within a smart environment. Spread over 18 acres with 239 smart plots offering approximately 4.5 lakh sq-ft of saleable area, the various plot dimensions in square metres are 30*40, 30*50 and 40*60.
Late last year, the developer, which has a huge land bank in Bengaluru, made plans to enter the affordable housing segment and invest Rs 1,100 crore to develop 7,000 homes in the next five years. The company also plans to launch about 1,350 plots next year in two projects and expects a sales realisation of about Rs 600 crore. The company had earlier raised funds from Kotak, Piramal, JM Financial, Xander and others to develop projects. It has so far completed about 15 projects comprising 3,000 apartments and 2,000 plots. It is currently developing 10 projects.
The company also plans to launch about 1,350 plots next year in two projects and expects a sales realisation of about Rs 600 crore.