Amarjit Bakshi on Vision, Luxury Real Estate Trends, and the Future of Bakshi Group

Ask Amarjit Bakshi about his day off and he pauses, trying unsuccessfully to recall one. It isn’t every day that one is welcomed into the personal space of a man who has built his empire from the ground up. From the outside, the Bakshi Group of Enterprises appears to be a conglomerate spanning automobiles, real estate, infrastructure, and hospitality. But behind this multi-sector success lies the story of a tireless workaholic. The founder, chairman, and managing director of the Bakshi Group of Enterprises speaks to Robb Report India about his career, the vision that continues to drive him today, the major trends shaping the real estate market, and what lies ahead for the group. 

Robb Report (RR): What does your vision board for Bakshi Group of Enterprises look like today?  

Amarjit Bakshi (AB) : I am looking forward to creating something that has never been created by any human being before. When someone makes a real estate purchase, they are buying shelter and security; they are buying longevity. In India, pollution is a major concern, and I am working towards ensuring that anyone buying property from my real estate company is free from it when they come home. 

RR: Central Park’s journey began in 2005, with customer experience at its core. What do you believe worked for the brand with regards to customers? 

AB:  If I had to live in an apartment, I would begin looking for the basics: do the spaces have reliable internet, strong security, a seepage-free home, and uninterrupted electricity? These have nothing to do with grand luxury. For me, it starts with the comfort of the person who is going to live in the property. We then build upwards from there. I look for luxury in everything I provide. Whatever you desire or need at a given moment—if it is delivered well—that, to me, is luxury. 

RR: Are there any emerging trends that you have your eyes on?  

AB: The future, in my view, is about farmhouses. People want to live in farmhouses that are easily accessible, offer all modern conveniences, and provide everything they need. Many such homes will come up in Gurugram, near Noida, and around Jewar Airport, with the government taking the lead. The estimated cost of a super-luxury farmhouse in the future could be around INR 5 crore, while closer to Delhi it could go up to INR 100 crore or more, depending on the location and facilities. 

RR: What should customers keep in mind while buying a luxury property?  

AB: When buying any property, the first thing to consider is who is selling it. If you trust the brand, that already puts you in the best position. Secondly, the asset should be monetisable at any stage. 

RR: Where do you see Bakshi Group and Central Park heading in the coming years?  

AB: We never focus on the balance sheet; our focus is on the brand and its equity, and we work hard to protect it. It all begins with the trust our customers place in us. Sometimes we make sharp losses, and sometimes we make sharp profits. Looking ahead, we are exploring opportunities in Goa where we are considering hotels, serviced apartments, and farmhouses.