Central Park Plans 2027 Real Estate IPO and Wellness-Focused Farmhouse Project
Central Park, a leading property developer, is gearing up for an IPO in 2027 to hand over the business to the next generation. The company is also planning a separate IPO for its hospitality vertical and has acquired land for a wellness-focused farmhouse project.
Real EstateIpoCentral ParkBakshi GroupWellness ProjectReal Estate MumbaiAug 10, 2025
“We are taking the IPO route not to raise money but to hand it over to the next generation,” Bakshi explained. “We should be ready to bring in partnerships, and compliance is important. Every shareholder should be treated as a partner. A listed company has to honor its commitments and meet the expectations of customers.”
In addition to the real estate IPO, Central Park is also planning a separate IPO for its hospitality vertical within the next three to four years. This will include clubs, restaurants, and banquets, further diversifying the company's portfolio.
Central Park has a robust product launch pipeline, with a total value of Rs 11,000 crore spanning five million square feet over the next 12 months. The company, which is part of the Bakshi Group, has interests in infrastructure, hospitality, and automotive sectors, making it a well-rounded business entity.
Among Central Park’s upcoming developments is a 1.6 million square foot residential project on Dwarka Expressway in Gurugram, with a revenue potential of Rs 3,200 crore. Another significant project is a 1.4 million square foot development on Sohna Road in Sector 48, Gurugram, expected to generate Rs 4,500 crore in revenue.
“Between these two projects, we should reach close to the guidance. In addition, at our existing project, Flower Valley in Sohna, we have group housing, serviced apartments, floors, and commercial units planned,” Bakshi said.
To further expand its portfolio, Central Park has acquired 120 acres in Naugaon, Rajasthan, on the Delhi–Mumbai Expressway for a wellness-focused farmhouse project. The company has also secured 1,000 acres in Goa, with plans to develop 500 acres while leaving the remaining 500 acres, which is forest land, intact.
“Naugaon is very close to Delhi and Gurugram and will have open spaces with a focus on greenery. In Goa, we will develop 500 acres, while the remaining 500 acres, which is forest land, will be left intact,” Bakshi added.
Central Park’s two hotels, Le Méridien in Gurugram and Aloft in Aerocity, Delhi, will also be part of the listing. The company reported pre-sales of Rs 1,600 crore in FY25, a significant increase from Rs 250 crore in FY24. Key projects include Central Park on Golf Course Road, Central Park Resorts on Sohna Road (including Bellavista), Central Park The Room, and the most recent, Central Park Flower Valley in Sohna.
Central Park’s strategic moves and robust project pipeline position it well for future growth and expansion, making it a key player in the Indian real estate market.
Frequently Asked Questions
What is Central Park's main goal with the 2027 IPO?
Central Park's main goal with the 2027 IPO is to hand over the business to the next generation and ensure compliance and partnership with shareholders.
What other IPO is Central Park planning?
Central Park is planning a separate IPO for its hospitality vertical, which includes clubs, restaurants, and banquets, within the next three to four years.
What is the value of Central Park's product launch pipeline?
Central Park's product launch pipeline is valued at Rs 11,000 crore and spans five million square feet over the next 12 months.
Where is Central Park's wellness-focused farmhouse project located?
Central Park's wellness-focused farmhouse project is located on 120 acres in Naugaon, Rajasthan, on the Delhi–Mumbai Expressway.
What is the revenue potential of the 1.6 million square foot residential project in Gurugram?
The 1.6 million square foot residential project in Gurugram has a revenue potential of Rs 3,200 crore.
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