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Central Park Invests Rs 2000 Cr in Gurugram Luxury Housing
24 Nov
Summary
- Central Park Estates investing Rs 2,000 crore in a new luxury project.
- The project 'Delphine' is located in Sector 104, Dwarka Expressway, Gurugram.
- Construction begins in 2026, with completion expected by 2032.
Central Park Estates, part of The Bakshi Group, has announced a substantial investment of Rs 2,000 crore to develop a new luxury housing project in Gurugram. The project, named 'Delphine,' will be situated in Sector 104 along the Dwarka Expressway, a rapidly developing real estate corridor.
This ambitious development will encompass six towers spread across 7.85 acres and will be executed in three phases. The company plans to fund this expansion through a combination of internal accruals and bank loans. Construction is scheduled to begin in 2026, with an estimated completion date of 2032.
The projected sales realization for the 'Delphine' project is Rs 3,500 crore. This investment highlights Central Park's commitment to developing Gurugram as a premier luxury real estate destination, capitalizing on the area's robust infrastructure and increasing investor appeal.
