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, aligns with its broader strategy of expanding into regions that offer high potential for luxury and lifestyle properties.

“Goa, in particular, stands apart due to its dual appeal for investors looking to invest in vacation homes that also yield them rental incomes, thereby attracting both domestic and international buyers,” says Bakshi.

As tourism and the secondary home markets in Goa continue to thrive, driven by new infrastructure developments like the Mopa Airport, Central Park sees a strong opportunity to cater to HNIs seeking distinguished properties in this region.

“Our expansion into Goa is driven by our consistent vision of delivering the same quality and luxury experiences that we have established in Gurugram and Sohna. We aim to create developments that combine premium living spaces with community enhancing amenities,” adds Bakshi.

Central Park’s expansion plan for the next few years includes expanding in Gurugram and Sohna, and continuing its growth journey in the region.

A key project in this direction is the upcoming launch of Bellavista Residences at Central Park Resorts in Sector-48, Gurugram. This ultra-luxury project is designed for buyers seeking exclusivity and exceptional luxury, combining unparalleled amenities with the brand’s signature personalised hospitality. Bellavista will feature 24/7 concierge services, an exclusive clubhouse, a variety of concept-based lounges, smart home technologies, AI-enabled security services, and much more. This project is set to redefine luxury in Gurugram and play a pivotal role in Central Park’s strategy of creating exclusive lifestyle experiences across its developments.

Central Park’s overall vision is to create luxurious, sustainable living spaces while maintaining a customer-centric approach that focuses on the residents’ long-term satisfaction. Its focused approach is central to its commitment of offering premium experiences through concept-based residences and integrated townships. Over the next few years, the company is poised to launch high-end residential projects and comprehensive commercial developments, with an aim to continue its growth trajectory.

“A key milestone in our growth strategy is the planned public listing of our real estate business on the stock market within the next few years. This move aligns with our ambitions for significant growth in the luxury real estate sector, as we anticipate that the listing will enhance financial strength, increase transparency, and accelerate our growth trajectory,” observes Bakshi.