bengaluru property developer century real estate has got about rs 520 crore in a mix of structured debt and construction finance from piramal fund management the real estate investment arm of ajay piramal group according to sources familiar with the matterthis is the second fund raise by the company from piramal in less than a year in september century raised about rs 720 crore for multiple projects from piramal and altico capital india with piramal contributing about rs 180 crore then the nbfcs exposure to century has crossed more than rs 700 croreboth piramal and century declined to comment when contacted by toi nbfcs of piramal altico and kkr have gathered momentum in the last few years as property developers find it difficult to borrow from banks due to a prolonged slump in the sectorout of the fresh amount raises rs 250 crore will to be used for the companys ongoing projects with main focus on century ethos and century artizan while the remaining will to be used over the next one year for centurys commercial and residential developments of about 85 million square feet the sources addedpiramal has been betting big on the citys real estate market though it has remained subdued for the last two years the company started investing slowly in the bengaluru market three years ago but the real push came since 2014 and it aims to take its exposure to more than 1 billion this yearcentury started by dayananda pai in 1973 develops projects both through partnership with other developers and on its own it has a land bank of more than 3000 acres and a development portfolio of more than 20 million square feet of office buildings residential and hotels