Century Real Estate earmarks Rs 800 crore to launch seven projects

Bangalore-based Century Real Estate is planning to launch seven projects this year involving an investment of about Rs 800 crore. Of the proposed projects, five will be in the affordable housing segment, one will be a villa project and the last a mixed-use development that will comprise commercial building and high-end residential apartments. The company plans to fund the projects through pre-sales and bank finance. P Ravindra Pai, managing director, Century Real Estate, said, “Our rich heritage in land bank and historical purchase price gives us an edge when it comes to lower costs. Together with our design efficiency and superior planning, we are able to offer homes that exceed customers’ expectations. With a vast land bank, we are able to give our customers houses with a perfect mix of location and price.” The names of the proposed project are Century Paradise, Century Marvel, Century Square, Century Prakruti, Century Arcadia, Century Koruna, and Century Constella. Century Paradise, which is located off Bannerghatta road, comprises a total of 52 apartments with 2 and 3 bhk units. Century Marvel, which is located at Kempapura across 66,721 sq ft, comprises 90 units of 2 and 3 bhk apartments. Century Square, located at Bellary Road, is a G+21 building with all civic amenities and a helipad. Of the 1.43 million sq ft in super area, 0.75 million sq ft will be for residential, 0.58 million sq ft for commercial and 0.10 million sq ft for retail. Century Prakruti is a mix-use project located at Devanahalli and spread across 68 acres, of which 25 acres will be for villas and IT SEZ each, and 18 acres will be for apartments. This property is situated just 1.5 km from the Bengaluru International Airport. Century Arcadia is located at Bellary Road and is spread across 11 acres. The project will have five towers with G + 7 floors. Century Koruna, located at Yelahanka new town, is a residential project spread across 33 acres. The project will have 2 and 3 bhk units sized between 880 sq ft – 1,200 sq ft. Century Constella is located at Chikkajala, which is spread across 65 acres of land. Source : http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=9135&cat_id=1 Filed under: Bangalore , Builders/ Developers , New projects , Retail/ malls , Serviced apartments/offices Tagged: affordable housing , Bangalore , Century Real Estate , Commercial Project , Villa Projects