Century Real Estate, with its headquarters in Bangalore, India was founded by Dr. P. Dayananda Pai and Mr. P. Satish Pai in the year 1973 with the primary objective of transacting in the simple buying and selling of land. More than 35 years later, the Company has evolved into an integrated, full service real estate development company that has transformed Bangalore's urban landscape and is credited with several of Bangalore's landmark developments such as Manipal Centre, Taj Residency, Vijaya Bank Head Quarters and Diamond District to mention only a few. Century Real Estate has the unique distinction of having purchased land on M. G. Road at INR 5 per square feet way back in 1973 where today the quoted prices are in the range of INR 20,000 per square feet.
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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