Central Park Estates Launches Luxury Project 'Delphine' on Dwarka Expressway, Gurugram with ₹2,000 Crore Investment
Central Park Announces ₹2,000 Crore Investment in Delphine, Dwarka Expressway
Central Park Estates will invest ₹2,000 crore to develop a luxury housing project in Gurugram, marking the company's entry into Sector 104, Dwarka Expressway. Announced in November 2025, the project named Delphine responds to strengthening investor interest along one of North India's most active residential corridors.
Project Scope and Configuration
The company will develop six towers in this project, spread across 7.85 acres, in three phases. The project would include two towers of fully serviced studio and one-bedroom residences and four towers of 3- and 4-bedroom residences each.
Delphine is designed for high-yield investors, high net worth individuals (HNIs) and non-resident Indians (NRIs), according to the developer's statement. With an estimated sales realisation of ₹3,500 crore, the exclusive development will span 7.85 acres located in Sector 104, Gurugram.
Investment and Timeline
The company said the total investment would be ₹2,000 crore through internal accruals and bank loans. Construction will start in 2026, and the project is expected to be completed by 2032. The development will be executed in three phases with an estimated sales realisation of ₹3,500 crore.
Location and Connectivity
Sector 104 is situated in northwestern Gurugram, falling under Kadipur Sub-Tehsil. The sector enjoys adjacency with other fast-developing residential clusters like Sectors 100, 101, 102, 103, 105, and 106. Positioned along the crucial Dwarka Expressway, the sector offers excellent connectivity to Delhi, Gurugram, and the Indira Gandhi International Airport.
Upcoming metro station and proposed railway terminal will significantly uplift connectivity. The expressway itself was completed and made operational in June 2025, providing direct access to Dwarka in Delhi and serving as an alternate road link between Delhi and Gurgaon to ease the traffic congestion on the Delhi–Gurgaon Expressway section of NH-48.
Developer Background
Central Park is owned by The Bakshi Group of Enterprises, which has presence in real estate, infrastructure, hospitality and automotive industries. Central Park is a series A company based in Gurugram (India), founded in 1999 by Amarjit Bakshi. The company has established a substantial footprint in the region. The company has successfully developed in excess of 10.9 million sq.ft. and has embarked on projects that cover an additional 65 million sq.ft. spanning across sectors like hospitality, residential, commercial, leisure and recreation.
Recent launches include Selene, a tower of luxury serviced residences located in its Flower Valley township, South Gurugram, which includes 353 furnished studio and one-bedroom apartments, along with 38 high-street retail outlets. The developer has multiple operational and under-construction projects across Gurugram, concentrated in Sohna sectors as well as the main city.
Market Context
Dwarka Expressway is emerging as a high-value real estate corridor with robust infrastructure and growing investor confidence. The price trend in the Dwarka Expressway area has witnessed remarkable growth, with residential property prices soaring by 29% in 2024. This surge has been largely driven by major infrastructural improvements, including the completion of the Gurugram stretch and the near-finish of the Delhi segment of the expressway.
Dwarka Expressway has become the largest residential market in Gurugram, surpassing other localities like Properties in New Gurgaon and Sohna in terms of new supply. The area has seen an increase in the annual launch of residential units, with over 10,000 units being introduced each year since 2020, compared to the pre-pandemic figure of 5,000-7,000.
The Delhi NCR market has been seeing a lull in new supply for the July to September period of this year. According to a report by realty firm PropEquity, Delhi NCR saw an 8 per cent drop in new housing supply from 12,906 units in Q3 2024 to 11,936 units in Q3 2025. However, the market also saw a 4 per cent rise in housing sales at 10,990 units in Q3 2025 compared to 10,539 in the same period last year.