Ravindra Pai, Managing Director, Century Real Estate
Century Real Estate plans to scale up its commercial portfolio from the current 30 per cent to 50 per cent over the next five years. The expansion includes the phased development of around 7 million sq ft of marquee Grade-A office projects. Managing Director Ravindra Pai told businessline that this move is part of a long-term strategy to diversify the company’s portfolio mix and strengthen its presence in high-yield commercial assets.
Alongside commercial growth, the company plans to launch over 10 residential and plotted development projects in FY26, with a strong focus on micro-markets in North, East and Central Bengaluru. These projects will account for a gross development value (GDV) of over ₹9,000 crore over the next five years. The developments will span a range of asset classes, including plotted communities, aspirational homes for first-time buyers and young professionals, luxury residences and senior living projects.
In FY25, Century Real Estate recorded ₹1,809 crore in sales, with 75 per cent of the revenue coming from new launches. Notably, luxury developments contributed nearly 70 per cent of the topline.
Long-term strategy
Pai said the diversification into new asset classes is part of Century’s long-term strategy, particularly within the framework of integrated, mixed-use developments. “Looking ahead, we are actively evaluating new models and exploring possibilities for further diversification,” he added.
As part of its commercial ambitions, Century is also working on a joint development with Prestige Group to build Prestige Century Landmark, a large-scale commercial project on Outer Ring Road (ORR. Additionally, it is developing commercial spaces off ORR, two retail-centric offerings in Yelahanka and office infrastructure in Electronic City.
The company is also planning a 135-acre township on Airport Road in North Bengaluru. Designed as an urban ecosystem, the township will feature six distinct districts comprising premium residential zones, Grade-A commercial offices, high-end hospitality, an education hub (featuring both an international school and a university), high-end retail and a cultural arena. The project targets NRIs and senior citizens seeking a premium, community-driven lifestyle.
With strong roots in the region and a land bank of over 3,000 acres across Bengaluru, Century is also contemplating expansion beyond the city. “In the near term, we are evaluating selective opportunities within Karnataka. We are planning a plotted development project in Mysuru in the next financial year,” Pai said.
“Our location choices are guided by a forward-looking view of Bengaluru’s urban expansion, allowing us to stay ahead of the demand curve while ensuring long-term value for our customers and stakeholders,” he added.
Published on July 9, 2025