>BrownHairedGirl: +Category:Real estate companies established in 1973; +Category:1973 establishments in Karnataka; +Category:Indian companies established in 1973 using HotCat

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+Category:Real estate companies established in 1973; +Category:1973 establishments in Karnataka; +Category:Indian companies established in 1973 using HotCat

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{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{advert|date=June 2018}}
{{Infobox company
| name = Century Real Estate Holdings Private Limited
| logo = File:Century_Real_Estate_logo.png
| type = [[Private company]]
| foundation = 1973[http://www.centuryrealestate.in/history]
| location = [[Bangalore]], [[Karnataka]], [[India]]
| key_people = P. Dayananda Pai and P. Satish Pai, founders; P. Ravindra Pai, ([[Managing Director]])
| industry = [[Real estate]]
| founders = P. Dayananda Pai and P. Satish Pai
| area_served = India
| products = Residential, commercial, hotel, educational institutions, integrated township spaces and plotted developments
| services = Home loan assistance, interior solutions, electrical fit outs, bathroom accessories fit outs, rent, and resale
| homepage = {{URL|www.centuryrealestate.in}}
}}

'''Century Real Estate Holdings''' is a privately held Indian [[real estate]] and construction company founded in 1973 and headquartered in [[Bengaluru]], [[Karnataka]]. The company holds a development portfolio of 21 million square feet comprising residential, commercial, hotels, educational institutions and integrated townships.<ref>{{cite news|url=http://www.business-standard.com/article/companies/century-real-estate-close-to-clinching-deal-with-wal-mart-113050300268_1.html|title= Company Overview of Century Real Estate Holdings Pvt. Ltd.|work=[[Business Standard]]}}</ref>

Its services include home loan assistance, interior solutions, electrical fit outs, bathroom accessories fit outs, rent, and resale.<ref>{{cite news|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=99676411|title= Century Real Estate close to clinching deal with Wal-Mart|work=[[Bloomberg Business|Bloomberg]]}}</ref> With over USD 2 billion in asset value, the company focuses on independent and joint property development.<ref>{{cite news|url=http://www.business-standard.com/article/finance/century-set-to-buy-back-chunk-of-investment-from-fortress-112070500072_1.html|title= Century set to buy back chunk of investment from Fortress|work=[[Business Standard]]}}</ref>

== History ==

Century was founded in the year 1973 by Dayananda Pai and Satish Pai with the primary objective of buying, developing and selling land in Bangalore. They started in 1976 with plots near M.G. Road, Bengaluru and has expanded in various geographies since then. In 1990, [http://www.centuryrealestate.in Century Real Estate] then started progressing on to other large-scale projects in Bangalore such as residential layouts and IT parks.<ref>{{cite news|url=http://www.centuryrealestate.in/milestone|title=Milestone|work=Century Real Estate|access-date=10 July 2015|archive-url=https://web.archive.org/web/20150711223650/http://www.centuryrealestate.in/milestone|archive-date=11 July 2015|url-status=dead}}</ref> Century is associated with several of Bangalore’s landmark developments such as Manipal Centre, Taj Residency, Vijaya Bank Headquarters and Diamond District among others.

== IIMB-Century Real Estate Research Initiative ==

Indian Institute of Management, Bangalore [[IIMB]] has teamed up with Century Real Estate Holdings (CREH) to acquire data and conduct scientific research on the Indian real estate sector. The research initiative creates a bridge between the industry, government, and academia.

A memorandum of understanding was signed by IIM-B and CREH in 2012. The primary investor in the initiative is Century Group and IIM-B contributes by way of administrative and research work.<ref>{{cite news|url=http://www.livemint.com/Politics/hnGDWF5lz3lwCq695QV8VL/IIMB-Century-Real-Estate-in-research-initiative.html|title= IIM-B, Century Real Estate in research initiative|work=[[Live Mint]]}}</ref><ref>{{cite news|url=http://tejas.iimb.ac.in/interviews/Tejas_December%20Edition_Interview%201.pdf|title= Is the Real Estate Boom a Bubble Ready to Burst?|work=[[Tejas, IIMB]]}}</ref>

Academic and practitioner journals publish the data collected from the research, to offer policy prescriptions and guidance to the Indian government and industry stakeholders on important issues related to the real estate sector.<ref>{{cite news|url=http://www.iimb.ernet.in/initiatives/iimb-creri|title= IIMB-CRERI (IIMB-Century Real Estate Research Initiative)?|work=[[IIMB]]}}</ref>

== Funding ==

In 2011, Century raised INR 200 crores from Kotak Realty Fund, a part of [[Kotak Mahindra Group]].{{citation needed|date=January 2017}}

In 2013, the Indian NBFC arm of worldwide investment giant The Xander Group Inc., Xander Finance, invested $8 million (INR 49 crores) in Century Real Estate. The mode of this investment senior was secured non-convertible debentures.
<ref>{{cite news|url=http://www.thehindubusinessline.com/companies/xander-finance-invests-in-century-real/article4921288.ece|title= Xander Finance invests in Century Real|work=[[Business Line]]}}</ref>

In 2015, Century Real Estate has raised INR 1. 65 billion through non-convertible debentures to fund a residential development and plotted development. The names of the projects are Century Ethos and Century Eden. The working capital for these projects was funded by ECL Finance, the non-banking arm of Edelweiss Financial Services Limited.<ref>{{cite news|url=http://www.dealcurry.com/2015046-Century-Real-Estate-Raises-Fund-Through-NCDs.htm|title=Century Real Estate Raises Fund Through NCDs|work=[[Deal Curry]]|access-date=10 July 2015|archive-url=https://web.archive.org/web/20150710233023/http://www.dealcurry.com/2015046-Century-Real-Estate-Raises-Fund-Through-NCDs.htm|archive-date=10 July 2015|url-status=dead}}</ref>

== Activities ==

=== Four Seasons ===

Century has teamed up with Four Seasons to build a 7-star hotel in an estimated budget of INR 957 crore. During the Global Investors Meet in 2010, a memorandum of understanding with the Karnataka government was signed by Century with regard to this project.
<ref>{{cite news|url=http://www.business-standard.com/article/press-releases/century-real-estate-signs-mou-for-rs-957-cr-with-govt-of-karnataka-110060800125_1.html|title= Century Real Estate signs MOU for Rs 957 cr with Govt of Karnataka|work=[[Business Standard]]}}</ref>

=== Philanthropy ===

Named after the founding members of the company, the P. Dayananda Pai & P. Satish Pai Trust drives social and humanitarian reform by providing medical facilities, infrastructure, and educational opportunities to a wide range of people.

The trust has donated ambulances and vehicles to educational and medical institutions. It has also donated funds for the renovation of various schools, hospitals, and orphanages. Apart from extending charity to educational and medical purposes, the company has also facilitated other causes, including funding marriage expenses, meals and scholarships for underprivileged sections of society.
<ref>{{cite news|url=http://www.daijiworld.com/chan/achievers_view.asp?a_id=55|title= Balancing Success with largesse|work=[[Daiji World]]}}</ref>

== References ==
{{Reflist}}

[[Category:Companies based in Bangalore]]
[[Category:Real estate companies of India]]
[[Category:Real estate companies established in 1973]]
[[Category:1973 establishments in Karnataka]]
[[Category:Indian companies established in 1973]]

Century Real Estate - Revision history

>BrownHairedGirl: +Category:Real estate companies established in 1973; +Category:1973 establishments in Karnataka; +Category:Indian companies established in 1973 using HotCat