Bakshi Group's Real Estate Arm, Central Park, Aims for IPO with Ambitious Projects
Central Park, the real estate development arm of Bakshi Group, prepares for IPO with a project pipeline worth INR 10,000 crore
Real EstateIpoBakshi GroupCentral ParkProperty NewsReal Estate NewsJun 23, 2024
Amarjit Bakshi, Chairman and Managing Director of Central Park, states that they are following listed company practices and want to list the company as the next generation joins. The company's substantial land banks across Gurugram are seen as a major factor in boosting valuation.
Central Park plans to launch 7 million square feet this fiscal year with an INR 2,000 crore investment. It has another 10 million square feet planned for launches from FY25 onwards. The company will launch several high-rise, commercial, and villa projects in its Sohna township. It recently launched a project called Central Park Flower Valley in its Sohna township. It will also develop a luxury project in Dwarka Expressway and an ultra-luxury project called Bellavista Residences in Sector 48, Gurugram.
Its 'Bignonia Towers' project in Sohna has already recorded INR 500 crore in sales within the first few days of launch, with units priced from INR 5 crore. The tower comprises 193 exclusive 3-4 bedroom apartments ranging from 3,805 to 5,581 square feet.
Although based in NCR, Central Park is also looking to expand to Goa and Rajasthan where it owns land banks. Bakshi Group has established its presence across infrastructure, hospitality, and automotive industries. Its real estate arm, Central Park, appears well-positioned to achieve its ambitious targets in the run-up to a potential market debut. With strong tailwinds in the real estate sector and large land reserves in premium locations, the company can leverage its scale and execution capabilities to capture demand.
Information
Bakshi Group is an Indian conglomerate with a diverse presence across infrastructure, hospitality, and automotive industries. Central Park is its real estate arm, which has established a strong presence in the NCR region.
Bakshi Group is a renowned Indian conglomerate with a strong presence across various industries, including infrastructure, hospitality, and automotive. Its real estate arm, Central Park, has been a prominent player in the NCR region, known for its luxurious residential and commercial projects.
Frequently Asked Questions
What is the project pipeline of Central Park for fiscal year 2025?
INR 10,000 crore
What is the sales target of Central Park for FY25?
INR 4,000 crore
What is the expected sales value of Central Park at the time of listing?
INR 10,000 crore
Where is Central Park planning to expand its presence besides NCR?
Goa and Rajasthan
What is the investment value of Central Park's project launches in FY25?
INR 2,000 crore
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