Central Park Estates to Invest Rs. 2,000 Cr in Gurugram Project

Central Park Estates, part of The Bakshi Group of Enterprises with diversified interests across real estate, infrastructure, hospitality, and automotive industries, has announced a major Rs. 2,000 crore investment to develop a new luxury housing project in Gurugram.

The premium development, named Delphine, will be located in Sector 104 along the Dwarka Expressway — one of the highest-growth corridors in the Delhi-NCR real estate market.

Spread across 7.85 acres, Delphine will feature six residential towers developed in three phases.

Key Highlights

• Central Park Estates to invest Rs. 2,000 crore in a luxury project in Gurugram
• Delphine will include six towers built in three phases, with Rs. 3,500 crore sales potential
• Delhi-NCR housing sales rose 4 percent while new supply declined 8 percent in Q3

The total investment for the project will be funded through internal accruals and bank loans. Construction is scheduled to begin in 2026, with full completion expected by 2032. According to Central Park, the project is projected to generate an estimated Rs. 3,500 crore in sales realisation, underscoring its strong market potential.

Central Park Estates already has a significant footprint in Gurugram's luxury residential segment, and Delphine marks another major expansion milestone for the brand. The announcement comes at a time when the Delhi-NCR housing market continues to show resilience. As per data analytics firm PropEquity, housing sales in the region rose 4 percent to 10,990 units during July–September, compared to 10,539 units in the same period last year. However, new supply declined by 8 percent, falling to 11,936 units from 12,906 units, indicating tightening inventory amid stable demand.

Amarjit Bakshi, Chairman and Managing Director, Central Park, said, "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 - sales, marketing and CRM, Central Park, noted that Dwarka Expressway is emerging as a high-value real estate corridor with robust infrastructure and growing investor confidence.

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The combination of rising sales, reduced supply, and strong investor interest positions Central Park’s Delphine project to benefit from the ongoing growth trajectory of the Gurugram's luxury housing market.