Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru

Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru over the next five years confirmed officials recently. In the financial year 2025 (FY25), the company will be investing over Rs 500 crore.

The Bengaluru-based real estate developer forayed into the commercial segment in 2020. Century did a project with Godrej Fund called Downtown Hebbal. Now, plans are afoot to develop the second tower in the project. The realty firm will develop a total of 4.5 million square feet (msf) of office spaces in north Bengaluru. Officials from the firm said they believe growth is more towards north Bangalore due to rising infrastructure and Metro construction and there is optimism for growth in the coming months.

In Bengaluru, there is a growing preference for shared and co-working spaces that can accommodate varying attendance patterns, leading to a dip in demand for traditional office layouts. Companies are favouring smaller, well-located offices that offer modern amenities and foster collaboration. This trend has contributed to a significant transformation in Bengaluru's commercial real estate landscape.

Source: Moneycontrol