Central Park Estates to Develop Rs 2,000 Crore Luxury Housing Project in Gurugram

Central Park Estates, a prominent real estate firm, is embarking on a significant expansion with a Rs 2,000 crore investment in a luxury housing project in Gurugram. The project, named 'Delphine,' will be developed in Sector 104, Dwarka Expressway, and is part of the company's broader strategy to enhance its presence in the luxury real estate market.

Central Park Estates, owned by the Bakshi Group of Enterprises, has a diverse portfolio that spans real estate, infrastructure, hospitality, and automotive industries. The new 'Delphine' project will consist of six towers spread across 7.85 acres and will be developed in three phases.

In a statement, the company revealed that the total investment of Rs 2,000 crore will be funded through internal accruals and bank loans. Construction is set to begin in 2026, with the project expected to be completed by 2032. The development is projected to generate an estimated sales realization of Rs 3,500 crore.

Amarjit Bakshi, Chairman and Managing Director of Central Park, expressed his vision for the project, stating, 'Our entry into Dwarka Expressway is a step towards developing Gurugram's next luxury hub, where infrastructure, design, and investment potential come together seamlessly.'

Ankush Kaul, President of Sales, Marketing, and CRM at Central Park, highlighted the strategic importance of the location, noting that Dwarka Expressway is emerging as a high-value real estate corridor with robust infrastructure and growing investor confidence.

Central Park Estates has a strong track record in the Gurugram market, having successfully developed numerous projects in the region. According to data from PropEquity, a data analytics firm, housing sales in the Delhi-NCR region increased by 4% to 10,990 units during the July-September period, up from 10,539 units in the same period last year. However, new supply saw a slight decrease of 8% to 11,936 units from 12,906 units.

The 'Delphine' project is poised to capitalize on the growing demand for luxury housing in Gurugram, offering residents a premium living experience with state-of-the-art amenities and a prime location. With its strategic location and comprehensive development plan, Central Park Estates aims to set a new benchmark for luxury living in the region.