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Luxury Realty Giant, Central Park Acquires 10 Acres Land from Another Realty Major BPTP at Rs. 100 Crore

Luxury Realty Giant, Central Park Acquires 10 Acres Land from Another Realty Major BPTP at Rs. 100 Crore

Central Park is recognized as the fastest growing ultra luxury realty brands known for redefining luxury by building finest residential properties. It has established a great foothold in National Capital Region as the promising real estate developer. It has delivered 5.5 million sq.ft of land area across luxury residential property in prime locations of Gurgaon.

Luxury real estate developer, Central Park has acquired a land parcel of 10 acres from BPTP for Rs 100 crore. The developer has delivered 1800 homes in 30 months and about 5.5mn sq.ft area across luxury residential and hospitality sector. The township is nestled in the backdrop of Aravallis which include luxurious assets amidst plush green landscapes, exquisite flora and water bodies.

The real estate company is owned by the Bakshi Group and the company will invest up to Rs 1,000 crore to extend residential and commercial facility development on the Dwarka Expressway. It is soon going to be an upcoming residential hub near the Delhi airport.

As said by said Amarjit Bakshi, founder, chairman and managing director of the Bakshi Group “There is a lot of development coming up on Dwarka Expressway and we will schedule the construction as per the requirements of the region. The proximity to the airport and The proximity to the airport and upcoming convention centre will help the region to attract demand from both investors and end users,”.

The real estate major, Central Park has in its kitty planned projects of about 12 million square feet across Gurugram, Delhi and Goa. BPTP real estate developer has huge amount of holdings in Gurugram and Faridabad and the developer has been selling land parcels in these cities.

Central Park has initially developed its first residential condominium in Gurgaon’s Golf Course Road in 2001. Mr Bakshi has said “We will continue to focus on luxury living and serviced apartments, and resort-type living will be part of it,”.

Bakshi Group has diversified portfolio of business including infrastructure, hospitality, real estate, defence, and automotive industries.

Under the brand called Central Park, the developer has upcoming real estate projects in Sohna, in Gurugram.

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Axiom Landbase

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