Century Real Estate continues 2X growth YoY
Century Real Estate, one of the premier real estate developers in Bangalore, continued a remarkable 2X growth YoY in sales, recording an impressive Rs 1,040 crores in the first half of the fiscal year. With a pipeline of some exciting new launches at prime locations, the company is aiming for crossing Rs 2,000 crores in sales this fiscal, which should position it in the top tier of developers in the city by sales revenues.
The company saw a record Rs 507 crores in sales in Q2FY2024-25, the company’s highest ever in a single quarter. The company’s key pre-launches in H1 - Codename Built Rare and Codename Unbelievable, generated over Rs 700 crores in sales even before their launch. Codename Built Rare, alone recorded over Rs 450 crores in the pre-launch phase, underscoring the high demand for luxury residences in prime locations like Indiranagar, where such large developments are rare. Closer to completion projects such as Century Ethos, Century Wintersun, and Century Trails also contributed over Rs 300 crores to the overall sales figures for the company.
Speaking on the company’s phenomenal growth story and the exciting upcoming projects, Mahesh Prabhu, CEO, Century Real Estate, said, “Our growth is a testament to our unwavering focus on thinking ahead in embellishing the Bengaluru skyline with world-class developments; and on building a customer-centric and people-focused organization. At Century, we believe our people are our greatest asset. Our young & talented team, with individuals from top institutes & corporates, continues to be our biggest strength, driving our vision with innovation and expertise. As we continue to build the company of the future, we remain committed to contributing to the city’s growth as a world city, and setting new standards in the industry. I am excited about the large prime developments coming up in East & North Bengaluru later this year. As we bring in more of our prime land banks into these new developments, these upcoming launches will offer unmatched locations, world-class homes, and many best-in-class amenities.”
As the company moves ahead in contributing its bit to Bengaluru’s development journey, it remains committed to bringing more of its prime land into the market and executing high-quality developments that resonate with today's discerning homebuyers. The impressive performance of key projects in the first half of the year has set the stage for the upcoming large-scale projects at equally prime and sought-after locations in Bengaluru.
