Century Textiles to Launch Ambitious Real Estate Projects Worth Rs 12,000 Crore in FY25
The company plans to tap into the growing real estate markets in Mumbai, Bengaluru, NCR, and Pune, with a focus on luxury and affordable housing projects.
Real EstateCentury TextilesFy25PuneMumbaiReal Estate PuneJul 17, 2024
The company plans to raise funding from private equity and other sources at a project level. This strategic move is expected to strengthen Century Textiles' position in the Indian real estate market.
KT Jithendran, MD and CEO of Birla Estates, the real estate arm of Century Textiles, emphasized the company's commitment to delivering high-quality projects that cater to the growing demand for luxury and affordable housing. The company has identified four key markets for its real estate projects, namely the Mumbai metropolitan region, Bengaluru, the National Capital Region, and Pune.
These markets are expected to drive growth in the real estate sector for at least the next two years. Century Textiles' entry into the real estate market is seen as a positive development, given the company's reputation for delivering quality projects and its strong financial backing.
The company's focus on luxury and affordable housing projects is expected to resonate with buyers who are looking for quality housing options in prime locations. With its ambitious plans, Century Textiles is likely to emerge as a key player in the Indian real estate market in the coming years.
Frequently Asked Questions
What is the value of Century Textiles' real estate projects in FY25?
Rs 12,000 crore
Where will Century Textiles' real estate projects be located?
Mumbai metropolitan region, Bengaluru, NCR, and Pune
What type of housing projects will Century Textiles focus on?
Luxury and affordable housing projects
Who is the MD and CEO of Birla Estates?
KT Jithendran
What is the expected growth period for the real estate sector?
At least the next two years
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