Bengaluru-based Century Real Estate has sold luxury homes worth ₹450 crore during the pre-launch of phase 1 of its residential project set to come up in the city’s Indiranagar area, the company said in a statement.
The project – Codename Built Rare – has a total revenue potential of ₹2,200 crore and will be developed in two phases, the statement said. It will comprise 347 high-end residences spread across an 8.5 acre land parcel.
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“We’re thrilled to welcome the profile of buyers who have bought into it thus far, and are confident that the community of residents here will be a constellation of the stars of Bengaluru’s elite from the corporate and business world…,” said Maninder Chhabra, Director- Sales, Marketing and CRM, Century Real Estate.
Phase 1 under progress
The construction work for phase 1 of the project is ongoing in full swing, the company statement said.
A mix of global and homegrown players such as CPG Corporation, Zachariah Consultants and BL Kashyap & Sons have been roped in for the project, the company statement said.
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“Our unwavering commitment to innovation, design excellence, and partnerships has paved the way for this bright start. We’re just beginning a journey to redefine luxury living in Bengaluru,” said Ravindra Pai, Managing Director of Century Real Estate.
Founded by P Dayananda Pai and P Satish Pai in 1973, Century Real Estate Holdings Private Limited is an integrated, full-service real estate development company with a land bank of over 3,000 acres.
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The company has a development portfolio of over 20 million square feet, comprising a mix of residential and commercial assets, including office buildings, educational institutions, hotels and integrated townships spread across southern India.
