Bengaluru, December 04, 2024: Century Real Estate has reported significant growth, doubling its year-on-year sales to ₹1,040 crores in the first half of the fiscal year, driven by a surge in demand for luxury and aspirational properties in Bengaluru. The company is now targeting ₹2,000 crores in annual sales, with plans for several major project launches in prime city locations later this year.
The company’s Q2 FY 2024-25 sales hit a record ₹507 crores, marking its highest ever sales in a single quarter. Notable pre-launch projects, such as Codename Built Rare and Codename Unbelievable, generated over ₹700 crores in sales even before they officially launched. Codename Built Rare alone accounted for ₹450 crores of these pre-launch sales, demonstrating strong interest in high-end residential developments in Bengaluru’s premium areas like Indiranagar.
In addition to these pre-launch successes, other near-completion projects like Century Ethos, Century Wintersun, and Century Trails contributed over ₹300 crores to the company’s overall sales.
Century Real Estate’s growth comes amid a wider boom in Bengaluru’s real estate market, particularly in the luxury segment, which has seen a steady rise since 2020. Developers like Century are capitalizing on strong demand from homebuyers seeking larger, more luxurious homes with high-end amenities and integrated ecosystems.
“The demand for luxury homes in Bengaluru is growing rapidly, especially in the wake of the pandemic, as people seek more space and better amenities. We have adapted by offering homes that cater to these needs,” said Maninder Chhabra, Director of Sales, Marketing & CRM at Century Real Estate. “Our sales figures reflect the confidence buyers have in our ability to deliver quality developments in prime locations.”
The company’s focus on luxury and aspirational segments has attracted a broad base of buyers, including millennials, who are increasingly looking for well-designed, spacious homes in locations with easy access to urban conveniences. Over the past five years, Century Real Estate has experienced a tenfold increase in sales, with many of its new projects selling out quickly.
With its strong sales performance and several major launches planned, Century Real Estate is positioning itself to be one of the top developers in Bengaluru. The company’s leadership is optimistic about its continued success, citing its strategic focus on high-demand locations and commitment to delivering world-class developments.
