Century Real Estate raises ₹ 175 cr from PAG

New Delhi Bengaluru-based Century Real Estate has raised Rs 175 crore from investment firm PAG for the development of a luxury housing project. Century Real Estate – a leading developer and one of the largest landowners in South India, said it has got an investment of Rs 175 crore from global investment firm PAG for its ultra-luxury project Century Ethos. The company said the fund would be used to expedite construction of the project as well as retire existing debt. The 7.3 acre project, currently under construction, is located in prime North Bengaluru and comprises of around 330 luxury units. Prices of units range from Rs 3.5 crore to Rs 12.5 crore. Ravindra Pai, Managing Director at Century Real Estate, said, "This fresh investment by PAG into Century Ethos reiterates the ever increasing confidence of local and foreign investors and consumers in the promising North Bengaluru region".