Century Real Estate

Century Real Estate Holdings is a privately held Indian real estate and construction company founded in 1973 and headquartered in Bengaluru, Karnataka. With over USD 2 billion in asset value, the company focuses on independent and joint property development. The company holds a development portfolio of 21 million square feet comprising residential, commercial, hotels, educational institutions and integrated townships. 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. Its services include home loan assistance, interior solutions, electrical fit outs, bathroom accessories fit outs, rent, and resale.

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. 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.

In 2011, Century raised INR 200 crores from Kotak Realty Fund, a part of Kotak Mahindra Group. The names of the projects are Century Ethos and Century Eden. The mode of this investment senior was secured non-convertible debentures. Century has teamed up with Four Seasons to build a 7-star hotel in an estimated budget of INR 957 crore. 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 working capital for these projects was funded by ECL Finance, the non-banking arm of Edelweiss Financial Services Limited. In 2015, Century Real Estate has raised INR 1. 65 billion through non-convertible debentures to fund a residential development and plotted development.

During the Global Investors Meet in 2010, a memorandum of understanding with the Karnataka government was signed by Century with regard to this project. The trust has donated ambulances and vehicles to educational and medical institutions. 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.

They started in 1976 with plots near M.G. 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. Road, Bengaluru and has expanded in various geographies since then. In 1990, Century Real Estate then started progressing on to other large-scale projects in Bangalore such as residential layouts and IT parks. Century is associated with several of Bangalore’s landmark developments such as Manipal Centre, Taj Residency, Vijaya Bank Headquarters and Diamond District among others.

Coil springs were mounted between the lower A-arm and spring-pocket projections in the upper cross member. The rear axle and suspension were very contemporary, starting with the use of 46.5-inch-long multileaf semielliptical springs mounted to rubber-insulated anchors that helped reduce vibration and road noise. Stag­gered shock absorbers were used to counteract wheel hop, plus assist with acceleration and braking. Braking was accomplished via a quartet of nine-inch drums equipped with self-adjusters. Double-acting shock absorbers were mounted inside the coil springs and were easily accessible for replacement, which met another design goal.

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