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.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..