Gurugram-based realty major Central Park has chalked out a mega expansion plan to strengthen its footprint in both the residential and commercial segments, as well as make a foray into new property markets, including Goa and Rajasthan.
“At present, our company is focused on solidifying its position as a leader in the luxury real estate sector, particularly in Gurugram and Sohna. Our strategy has always been to concentrate on identifying key regions, ensuring that every development we undertake enhances the area both, in terms of luxury and sustainability. The company has ambitious growth plans, which include a robust pipeline of projects aimed at expanding its footprint in the residential and commercial sectors,” says Amarjit Bakshi, Chairman & MD, Central Park.
In the short term, Central Park is gearing up to launch projects with a value of approximately Rs 10,000 crore. The upcoming projects are spread across diverse formats like high-rise developments, villas, and fully serviced studio apartments, focused in and around Sohna, Gurugram and the Dwarka Expressway. The upcoming ultra-luxury ‘Bellavista Residences’ at Central Park Resorts, Gurugram, will be a key highlight, emphasising the brand’s commitment to exclusive living spaces. Additionally, Rs 2,000 crore have been earmarked for investments in this fiscal year.
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Looking at the medium to long term, Central Park’s land bank is poised to support further development, with over 500 acres secured. From FY 25 onwards, the company expects to develop an additional 10 million square feet across various projects.
“Our growth plans also extend to new markets, with strategic developments planned in Goa, Rajasthan, and the Dwarka Expressway, driven by the same vision and strategy that has helped us thrive in Gurugram,” informs Bakshi.
Central Park’s planned expansion into new realty markets, with a keen interest in Goa,
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