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

The development will comprise six towers spread across 7.85 acres and will be executed in three phases. According to a statement issued on Monday, the investment of Rs 20 billion will be funded through internal accruals and bank loans.

Construction is scheduled to begin in 2026, with project completion targeted for 2032. The company expects an estimated sales realisation of Rs 35 billion from the development.

Amarjit Bakshi, Chairman and Managing Director of Central Park, said the company’s entry into the Dwarka Expressway corridor is a step towards creating Gurugram’s next luxury hub, driven by strong infrastructure, design and investment potential.

Ankush Kaul, President – Sales, Marketing and CRM, added that the Dwarka Expressway is becoming a high-value real estate corridor, backed by robust infrastructure and rising investor confidence.

Central Park Estates has already delivered several projects in the Gurugram market.

According to PropEquity, housing sales in Delhi-NCR rose 4 per cent to 10,990 units during July–September from 10,539 units a year earlier. New supply, however, declined 8 per cent to 11,936 units from 12,906 units.