Century Real Estate is planning a large integrated business park of about 7 million sq ft in north Bengaluru, anchored by office space and complemented by residential and retail components, with development expected over 5–7 years and part of a broader ₹3,400 crore investment pipeline in the city.
Key project highlights
- Bengaluru-based Century plans to launch around 7 million sq ft (7 msf) of an integrated business park in north Bengaluru, with the core comprising office space and smaller portions of residential and retail.
- Construction on this business park is expected to begin the year after announcement, with a development horizon of roughly 5–7 years.
- The 7 msf business park is planned as part of Century’s commercial expansion strategy, under which it aims to develop around 7 msf of commercial projects in Bengaluru over six years.
Investment and revenue plans
- Century Real Estate has outlined investments of about ₹3,400 crore to launch roughly 9 msf of projects in Bengaluru, combining office and residential developments, with a targeted potential revenue of around ₹9,000 crore by the end of the following financial year.
- The firm is also in discussions with global and domestic investors to raise around ₹1,000 crore to support its commercial portfolio, which includes the planned 7 msf of office-led developments in Bengaluru.
- Alongside the business park, Century is ramping up its commercial footprint from an existing office portfolio of about 2.5 msf, with a stated ambition to double its office stock in four to five years.
Location and development strategy
- The integrated business park is proposed in north Bengaluru, a corridor where Century is already active with plotted developments and residential launches, and which it has identified as a key growth market given proximity to the airport and emerging infrastructure.centuryrealestate+1
- Century holds a substantial land bank in and around Bengaluru—about 3,000 acres—which it plans to monetize through a mix of self-developed projects and joint ventures with large national developers.
- The company’s strategy pairs office parks with complementary residential and retail assets, positioning the 7 msf park as part of a mixed-use ecosystem rather than a standalone office cluster.
Residential and plotted portfolio linkages
- To date, Century has delivered over 3 msf of residential projects, translating into about 4,000–4,500 apartments, and has created 3,000–3,500 plotted units across about 800 acres of development.
- The ongoing pipeline includes villa projects, luxury apartments and additional plotted developments, many concentrated in north Bengaluru and central business locations, reinforcing the catchment for the upcoming business park.
- Century’s plotted projects, including a planned 35-acre development near the airport, are positioned to benefit from demand created by the new business park and other commercial assets in the northern corridor.
Partnerships and commercial pipeline
- Century has entered joint ventures with players such as Prestige Group and Godrej Fund Management for large commercial projects in Bengaluru, including office parks of around 2.4–2.5 msf, reflecting a partnership-led approach for capital-intensive commercial assets.
- The company has already forayed into commercial business parks through projects like Century Downtown, which form a template for scaling up office-led mixed-use developments across north Bengaluru.
- With the 7 msf business park and related commercial plans, Century is positioning itself as a more balanced developer with a strong presence across residential, plotted and office asset classes in Bengaluru.