Century Real Estate seeks to raise Rs1,000 crore for office projects in Bengaluru - News Summed Up

Century Real Estate seeks to raise Rs1,000 crore for office projects in Bengaluru


The plan to pursue office projects comes on the heels of Century Real Estate deciding to do residential projects selectively going forward. Photo: Hemant Mishra/MintBengaluru: Century Real Estate Holdings Pvt. ft of office projects in Bengaluru, to build an annuity base and find locations for projects where leasing risk is low. The plan to pursue office projects comes on the heels of the firm deciding to do residential projects selectively going forward, once it has completed the 14 projects it is currently constructing. Commercial real estate projects are capital-intensive, so leasing has to be done efficiently,” said Somy Thomas, managing director (valuations and advisory) at property advisory Cushman and Wakefield India.


Source: Mint November 26, 2017 19:18 UTC



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