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.
These projects will cater to the luxury segment of the real estate market, targeting high-end buyers who are looking for premium amenities and services.
The Luxury Segment of Real Estate
The luxury segment of the real estate market is a growing and highly competitive space. With the increasing demand for high-end properties, developers are focusing on creating bespoke experiences that cater to the needs of discerning buyers. Central Park’s upcoming projects are designed to provide a luxurious lifestyle, with features such as:
These features are designed to appeal to high-end buyers who are looking for a premium lifestyle.
Central Park’s Land Bank Expansion Drives Growth and Development in the Region.
The Land Bank: A Catalyst for Growth
Central Park, a leading real estate investment trust (REIT), has been actively expanding its land bank through strategic acquisitions and partnerships. The company’s efforts have yielded significant results, with over 500 acres of land secured to date. This substantial land bank is poised to support further development, with plans to develop an additional 10 million square feet across various projects.
Key Highlights of the Land Bank
The Future of Development
The expansion of Central Park’s land bank is expected to drive growth and development in the region. With a significant amount of land secured, the company is well-positioned to undertake various projects, including residential, commercial, and industrial developments. The development of 10 million square feet of new space will not only create jobs but also contribute to the local economy.
Benefits of the Land Bank
Challenges and Opportunities
While the expansion of Central Park’s land bank presents numerous opportunities, it also comes with challenges. The company will need to navigate complex regulatory frameworks, secure necessary permits, and manage the development process to ensure timely completion.
With the ongoing development of the city, the demand for luxury properties is increasing, and Central Park is well-positioned to capitalize on this trend.
Central Park: The Luxury Property Destination
A Hub for High-Net-Worth Individuals
Central Park, a renowned luxury property destination, is poised to capitalize on the growing demand for high-end residences in the region. With its prime location and extensive amenities, the park offers an unparalleled living experience for High-Net-Worth Individuals (HNIs). The area’s proximity to major business hubs, entertainment venues, and cultural attractions makes it an attractive option for those seeking a luxurious lifestyle.
Key Features and Amenities
Expansion Plans in Gurugram and Sohna
The expansion plan for Central Park in Gurugram and Sohna is a significant development in the region. The project aims to provide a luxurious lifestyle to the residents of Gurugram and Sohna, while also catering to the growing demand for recreational spaces in the area. Key Features of the Expansion Plan:
- • A 100-acre land area in Gurugram
- • A 50-acre land area in Sohna
- • A range of amenities, including swimming pools, gyms, and restaurants
- • A variety of recreational activities, such as tennis courts, basketball courts, and a jogging track
- • A dedicated children’s play area
The expansion plan is expected to be completed within the next few years, with the first phase of the project already underway.
The park is designed to be a model for urban development, showcasing innovative and eco-friendly design principles. The park’s layout is divided into four main sections: the Great Lawn, the Conservatory Garden, the North Woods, and the North Meadow.
The Great Lawn: A Hub for Community and Recreation
The Great Lawn is the largest section of the park, covering over 35 acres. It’s a vibrant space that hosts various events and activities throughout the year, including concerts, festivals, and sports games. The lawn is also home to several walking paths, allowing visitors to explore the park’s surroundings while enjoying the scenery. The Great Lawn is designed to be a hub for community and recreation, providing a space for people to come together and engage in various activities. The lawn is also equipped with several amenities, including picnic areas, playgrounds, and public art installations. Visitors can enjoy a variety of food and drink options, from casual snacks to full-service restaurants.
The Conservatory Garden: A Haven for Nature Lovers
The Conservatory Garden is a peaceful oasis in the heart of the park, covering over 6 acres.
