Belanova Launches In Gurugram With Rs 250 mn Residences

24 Feb 2026 CW Team

Central Park Estates has launched Belanova, an ultra-luxury residential project in Gurugram backed by an investment of Rs 12 bn and positioned to generate Rs 25 to 30 bn in total revenue potential. The developer plans to secure Rs 5 bn in sales in FY26 and Rs 10 bn in FY27, taking total projected sales to around Rs 15 bn over two financial years. The company has reported that revenue recognition and cash flows have already begun and that about 25 per cent of inventory was sold through early participation. The launch responds to sustained demand for premium housing among high-net-worth buyers.\n\nBelanova comprises 124 residences with an average ticket size of around Rs 250 mn, placing the development firmly in the ultra-luxury category. It forms part of the 47 acre Central Park Resorts ecosystem in Gurugram and is being funded through internal accruals and project finance without institutional investor or private equity participation. Financial tie-ups and home loan approvals have been secured with major banks including ICICI, HDFC, Canara Bank and PNB.\n\nThe development will offer more than 170 curated amenities, private lift lobbies, dual lifts per residence and floor to ceiling heights of about 13 feet, together with access to a broader club ecosystem. The company has scheduled completion for 31 July 2026 and aligned the formal launch with the opening of Club Belanova in March to April 2026, during which limited expressions of interest are being considered. The phased pricing strategy is designed to reward early buyers.\n\nUnder the pricing model prices are set to rise by seven to ten per cent after every 10 units sold to build value momentum over the sales cycle. The project’s location near the elevated Sohna corridor with connectivity to NH-48, IGI Airport and Golf Course Road is expected to support long-term value appreciation. Central Park Estates, a Gurugram based real estate group, has framed Belanova as a low density vertical estate that emphasises privacy, craftsmanship and legacy.

Equipment

21 Apr 2026

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