Realty firm Central Park Estates will invest Rs 20 billion to develop a luxury residential project in Gurugram as part of its expansion strategy. The company, owned by The Bakshi Group of Enterprises — which operates across real estate, infrastructure, hospitality and automotive sectors — has launched its new project ‘Delphine’ in Sector 104 along the Dwarka Expressway.

The project will comprise six towers spread across 7.85 acres and will be developed in three phases. Central Park said the investment of Rs 20 billion will be funded through internal accruals and bank loans. Construction is set to begin in 2026, with completion targeted for 2032.

The development is projected to deliver a sales realisation of Rs 35 billion. “Our entry into Dwarka Expressway is a step towards developing Gurugram’s next luxury hub, where infrastructure, design and investment potential come together seamlessly,” said Amarjit Bakshi, Chairman and Managing Director of Central Park.

Ankush Kaul, President – Sales, Marketing and CRM, noted that the Dwarka Expressway is emerging as a high-value real estate corridor with strong infrastructure and increasing investor confidence.

Central Park Estates has previously developed multiple projects in Gurugram. According to PropEquity, housing sales in Delhi-NCR rose 4 per cent to 10,990 units in the July–September quarter, compared with 10,539 units a year earlier, while new supply fell 8 per cent to 11,936 units from 12,906 units.