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Central Park Estates will invest about INR 2,000 crore to develop Delphine, a new luxury housing project in Gurugram's Sector 104 along the Dwarka Expressway. Spread across 7.85 acres and planned in three phases, the project will feature six residential towers, funded through internal accruals and bank borrowings. Construction is set to begin in 2026, with completion targeted for 2032, and expected sales revenue of INR 3,500 crore. Company leaders noted that the Dwarka Expressway is emerging as a high-value real estate corridor supported by strong infrastructure. With NCR housing sales up 4% in the July-September quarter, Delphine strengthens Central Park's position in premium housing.
Central Park Estates announced earlier this week that it would invest about INR 2,000 crore to develop a new luxury housing project in Gurugram, marking a significant step in its ongoing expansion across the National Capital Region. The company, part of The Bakshi Group of Enterprises-which has longstanding operations across real estate, infrastructure, hospitality and automotive businesses-has launched its latest premium development, Delphine, located in Sector 104 along the Dwarka Expressway. Advertisement
The project spans 7.85 acres and has been structured into three phases, featuring six residential towers designed to expand the developer's luxury footprint in this fast-growing corridor. In its announcement, the company indicated that the total investment will be funded through internal accruals and bank borrowings, demonstrating its confidence in the micro-market's demand.
Construction work is planned to commence in 2026, with full project completion targeted for 2032. The phased development model is expected to generate an estimated sales revenue of INR 3,500 crore once all towers are delivered.
Amarjit Bakshi, Chairman and Managing Director of Central Park, conveyed that the company's foray onto the Dwarka Expressway is aimed at shaping what he described in indirect speech as Gurugram's next luxury residential cluster, driven by infrastructure improvements, design focus and strong investment prospects. Ankush Kaul, who heads sales, marketing and CRM at the company, highlighted in indirect speech that the Dwarka Expressway continues to strengthen as a high-value real estate stretch supported by robust infrastructure and steady investor interest.
Central Park Estates has previously completed multiple residential developments across Gurugram, adding to its legacy in the city's premium housing market. Supporting this momentum, data from PropEquity showed that housing sales in Delhi-NCR rose by 4% during the July-September quarter compared with the same period last year, although new supply dipped by 8%. This combination of rising demand and moderated launches continues to influence pricing and absorption patterns in the region.
With construction scheduled to begin in 2026, Delphine adds to the series of large-scale private investments shaping Gurugram's next wave of luxury housing. The company's confidence aligns with broader regional trends, where sales remain resilient despite a moderation in new supply. As Central Park builds on its established base in Gurugram, the upcoming project reinforces its long-term positioning in the high-end residential segment.
Source - PTI
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