Century Real Estate to invest Rs 3,500 crore to build office spaces in Bengaluru over the next 5 years
The office transactions in Bengaluru in 2023 dipped by 14 percent YoY while the rentals increased by 7 percent, a July report by Knight Frank India stated.
Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru over the next five years, managing director (MD) Ravindra Pai told Moneycontrol in an interview.
In financial year 2025 (FY25), the company will be investing over Rs 500 crore.
The Bengaluru-based real estate developer forayed into the commercial segment in 2020. Century did a project with Godrej Fund called Century Downtown. Now, plans are afoot to develop the second tower in the project. The realty firm will develop a total of 4.5 million square feet (msf) of office spaces in north Bengaluru.
We believe that the growth is more towards north Bangalore due to rising infrastructure and Metro construction,
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