The embodiment of the present invention provides a computer implemented network centric system and method for real-time traffic offloading belonging to a plurality of subscribers from a cellular network to a Wi-Fi network. When the cellular network utilization is greater than certain threshold and if there is capacity available in the Wi-Fi network, then the present invention classifies the subscribers based on subscriber and network parameters and offloads them to the Wi-Fi network using adaptive dichotomic methodology. The proposed invention also analyzes any external interrupts with the pre-determined trigger rules and accords them highest priority for offload.