News Digest

27 November 2017
Century Real Estate seeks to raise Rs1,000 crore

Century Real Estate Holdings Pvt. Ltd, a Bengaluru-based developer and one of the largest landholders in south India, is building a commercial office portfolio and plans to bring in an equity investor partner to raise around Rs1,000 crore, a top company executive said. The realty firm, which currently has a mix of residential and plotted development projects, plans to now develop around 7-8 million sq. ft of office projects in Bengaluru, to build an annuity base and find locations for projects where leasing risk is low. The new focus area somewhat realigns Century''s business strategy, adapting it to changes that some developers are incorporating given the tough market conditions.

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