Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Century Real Estate recorded sales bookings of INR 1,062 crore in the July-September quarter, more than double the INR 452 crore achieved in the same period last year. Its sales in the first half of the fiscal reached INR 1,305 crore, up from INR 907 crore year-on-year. The company attributes the growth to strong buyer demand, rising NRI investments, infrastructure-led corridor development, and increased premium housing interest. Century Real Estate has strengthened its presence across central luxury markets and North Bengaluru growth hubs, with a 25 million sq ft portfolio.
Century Real Estate has reported a notable increase in its sales bookings, crossing INR 1,062 crore during the July-September period of this fiscal year, more than double the INR 452 crore recorded in the same period last year. This growth is attributed to strong demand for its residential projects across Bengaluru. Advertisement
For the first half of the fiscal year, the company's sales bookings rose to INR 1,305 crore from INR 907 crore in the corresponding period of the previous year, showing consistent momentum across its portfolio.
Mahesh Prabhu, CEO of Century Real Estate, stated that the July-September quarter has been an important period, with record-breaking sales across its projects. He explained that the growth reflects not only strong consumer interest but also broader changes in Bengaluru's housing market, including increased inflows from NRIs, development along infrastructure-led corridors, and growing demand for premium residential offerings.
The company has expanded its presence in central luxury micro-markets as well as emerging growth hubs in North Bengaluru. Maninder Chhabra, Director of Sales, Marketing, and CRM, said that the quarter's performance shows how consumer insights are shaping product strategy in real time. He added that the company is increasingly able to identify emerging lifestyle trends early and convert them into projects that appeal to buyers.
Century Real Estate, one of South India's leading developers, has a development portfolio exceeding 25 million sq ft, covering both luxury and mid-segment residential projects. This growth indicates the company's continued ability to capitalize on Bengaluru's evolving real estate demand.
Source PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
