Century Real Estate raises ₹1,850 crore debt to fund existing and future projects
NEW DELHI: Century Real Estate has raised Rs 1,850 crore debt to expand its business and encash strong demand for properties. The company will use this fund in both ongoing and upcoming housing and commercial projects. In a statement on Thursday, Bengaluru-based Century Real Estate said it has secured “Rs 1,850 crore in debt funding, led by Ares Asia and SC Lowy”. The fund will help in driving the company’s expansion strategy and supporting both new and existing projects in Bengaluru. The funding round was spearheaded by Ares Asia, which invested Rs 1,600 crore in two tranches, while SC Lowy…