Central Park President Vikram Singh Confident in Continued Growth of Luxury Real Estate Market

Gurgaon / August 29, 2024: Central Park, a leading Gurgaon-based real estate developer, part of the Bakshi Group of Enterprises, a legacy name across real estate, infrastructure, hospitality, and automotive industries, currently has two townships, Central Park Flower Valley and Central Park Resorts. Located in the serene surroundings of Sohna and Gurgaon, the projects offer a unique blend of luxury living and natural beauty.

Vikram Singh, President of Central Park, expressed his excitement about the project: “Central Park Resorts is more than just a residential development. It’s a lifestyle destination that provides a harmonious balance between modern amenities and the tranquility of nature. We are committed to offering our residents an exceptional living experience.”

The project features a range of luxurious apartments, each designed with meticulous attention to detail and equipped with state-of-the-art amenities. Residents can enjoy spacious living areas, gourmet kitchens, and private balconies overlooking lush green landscapes.

Central Park Resorts also boasts a wide array of world-class facilities, including a swimming pool, fitness center, spa, and clubhouse. The development is surrounded by lush green spaces, providing ample opportunities for outdoor activities and relaxation.

Speaking about the growing demand for luxury housing in India, Singh said, “The Indian real estate market is witnessing a surge in demand for premium and luxury projects. Central Park is well-positioned to capitalize on this trend by offering exceptional quality and unparalleled amenities.”

With its prime location, luxurious amenities, and commitment to customer satisfaction, Central Park Resorts is poised to become a sought-after residential destination in Gurgaon.

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Central Park is currently working on two significant projects: Central Park Resorts in Sector 48, Gurgaon and Central Park Flower Valley, Sohna, Gurgaon, approximately 18 kilometers apart. Singh highlighted the diversity of their projects, mentioning, “We have Bignonia Towers, our latest launch, and ‘The Orchard,’ a low-rise G+4 structure with 112 units still available.” These projects aim to cater to a range of buyers looking for premium living experiences with a comprehensive set of amenities.

When asked about the sustainability of the current trend in luxury housing, Singh expressed optimism. He noted that the demand for luxury housing remains strong due to the nature of the clients they attract. “The kind of customers Central Park is getting as of now, they are basically end users,” he explained. Singh emphasized that their focus on lifestyle enhancement—such as providing air-purifying units, good water supply, and uninterrupted power—sets them apart. “We are promising them with good air quality in the premises, in the apartments,” he said, highlighting the company’s commitment to quality.

Looking ahead, Central Park is planning to introduce “super, super luxury projects” targeting the elite class, including doctors, celebrities, CXOs, and the business community. Singh detailed, “This 125 or 200 units in a tower is going to be a different segment from the society. They will get a different type of luxury.” These projects are set to provide exclusive amenities and services that match the lifestyle of their high-end clients.

Additionally, Central Park plans to expand to Tier 2 cities such as Haryana and Rajasthan, and even to popular destinations like Goa. Singh pointed out the growing trend among developers to invest in Goa due to the dual benefits of vacation homes and rental income, stating, “People are earning a hell lot of money, right, and they need to invest money.”

Discussing the broader real estate market, Singh acknowledged the increasing presence of branded residences and the shift toward premium luxury living. He expressed confidence that the market would continue to grow, driven by a combination of rising incomes and changing consumer preferences. “This trend is going to continue because people are running good. Our economy is getting into good shape day by day,” he noted.

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