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Central Park, a real estate developer based in NCR and part of the Bakshi Group, which also operates in infrastructure, hotel, and automotive, plans to go public in 2-3 years, according to a top official.
The company plans to launch projects over ₹10,000 crore in FY25 and is now looking for an audit firm. The company aims to generate ₹4,000 crore in FY25 and expects to achieve ₹10,000 crore by IPO.
We follow the practices of a listed firm, and with the next generation coming in, we want to list the company. “We have sizeable land bank in Gurugram and are adding more, which will rise the company’s valuation,” said Amarjit Bakshi, chairman and MD of Central Park.
Central Park Plans To Launch Projects Over 10,000 Crore In 2025
The business plans to invest ₹2,000 crore and launch 7 million square feet in the current fiscal year. It has additional 10 million square feet planned for introduction in fiscal year 25.
We have many project lines in Sohna Township. This comprises skyscrapers, shop-cum offices, and villas. In addition, we will have a premium building on the Dwarka Expressway and another uber-luxury Bellavista homes in Sector-48, Gurugram,” Bakshi stated.
Central Park Is Planning To Expand Into Goa And Rajasthan
Central Park is also planning to expand into Goa and Rajasthan, where it owns land banks. Central Park has recently begun a project in Central Park’s Flower Valley, Gurgaon.
When we talk about Central park projects, “Bignonia Towers Sohna has previously recorded sales of 500 crore within the few days of the project launch,” says Vikram Singh, president of Central Park.
Bignonia Towers offers 193 premium residences ranging from 3 to 4 bedrooms, beginning at ₹5 crore. The unit sizes vary from 3,805 square feet to 5,581 square feet. Source-ET
