Century Real Estate Records 32% Sales Growth in October
Century Real Estate, clocked in their highest monthly residential sales ever in October. According to company officials, the 32% growth in sales revenue compared to previous monthly sales records is attributed to the demand for luxury projects and ready-to-move-in homes. The company has achieved a 38% Y-o-Y growth in H1 as well. Century Real Estate is currently ranked in the Top 40 in India and is seen as one of the leading private developers in Bengaluru that offer high-quality projects across aspirational, luxury, and plotted segments. The company’s luxury projects contributed 53% of the sales in October, followed by the aspirational segment at 27%. The company also states that themed plotted development projects continue to see a growing demand in this post-pandemic era. Century Real Estate’s plotted developments - Century Seasons and Century Greens 2, launched in 2021 under the Century Mark, sold out within two quarters. With this current growth trajectory, the company is on course to join the four-digit revenue league in the next two years. “We are witnessing an unprecedented number of genuine buyers walking into our projects in the recent months, along with much higher conversion rates into bookings. Post the lockdowns, we are seeing consumers in Bengaluru looking to invest in larger & better quality homes/plots from trustworthy Grade A players. We are also seeing an overall buoyancy in the market among customers and channel partners alike since the waning of the second wave, which culminated in record sales for us in the festive season,” said Ajay K Singh, VP - Sales at Century Real Estate. The October sales also doubled last year’s monthly average sales numbers.
Tags : News/Views Century Real Estate residential sales Luxury Projects Ready-To-Move-In Sales Growth Plotted Development Projects