Published On: Thu, Jul 27th, 2017

Central Park Enters NCR’s Commercial Space with 2000 Cr

NEETA CHHATWANI

Central Park Enters NCR’s Commercial Space with 2000 Cr, Ultra luxury real estate Company Central Park, having presence majorly in the residential space of National Capital Region (NCR) has decided to enter the commercial segment of the region. The company has allocated INR 2000 crores to develop 40 lakh sq feet of mixed-use space in Noida’s sector 67. The project is expected to be launched later this year and is based on the ‘Walk to Work’ concept. It will comprise of commercial and residential space, each covering 16 lakh sq feet. Remaining 8 lakh sq feet space will be developed to offer hospitality & retail space and amenities like schools etc.

Central Park is also planning to launch other commercial projects in the NCR region. The company is aiming for a turnover of INR 3,150 crore in FY 2017-18, which is a five-fold increase from its last fiscal performance.

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