Central Park Launches Belanova Targeting Rs5bn in FY26

24 Feb 2026 CW Team

The project is funded through project finance and internal accruals and does not involve institutional or private equity participation. Major banks including ICICI, HDFC, Canara Bank and PNB have provided financial tie-ups and home loan approvals, reinforcing capital strength and buyer confidence. Revenue recognition and cash flow generation have commenced with 25 per cent of stock sold.

Central Park has outlined a calibrated monetisation roadmap that anticipates Rs5 bn in fiscal year 2026 through a private offer to friends and family and Rs10 bn in fiscal year 2027, signalling strong demand in the ultra-luxury segment. The phased pricing approach rewards early participation, with prices set to rise by seven to 10 per cent after every 10 units sold.

The development is scheduled for practical completion on 31 July 2026, with the formal launch aligned to the opening of Club Belanova in March to April 2026. Belanova sits adjacent to the elevated Sohna carriageway with direct connectivity to NH-48, providing swift access to IGI Airport, Golf Course Road, Rajiv Chowk and Millennium City Centre Metro Station. The project is positioned as a defining landmark.

Company executives said Belanova is guided by a top-of-the-board philosophy and embeds world-class hospitality within residential living. The development will feature more than 170 curated amenities, private lift lobbies, dual lifts per residence, 13 feet floor heights and expansive balconies to ensure privacy and architectural proportion. Central Park Estates is Gurgaon-based and forms part of the Bakshi Group of Enterprises.

Central Park Estates has launched Belanova, an ultra-luxury residential venture positioned as a low-density vertical estate within the 47+ acre Central Park Resorts ecosystem. The company has invested Rs12 bn in the project, which carries an estimated topline potential of Rs25–30 bn. The development comprises 124 residences with an average ticket of 250 mn and is designed for bespoke hospitality-led living. The project is funded through project finance and internal accruals and does not involve institutional or private equity participation. Major banks including ICICI, HDFC, Canara Bank and PNB have provided financial tie-ups and home loan approvals, reinforcing capital strength and buyer confidence. Revenue recognition and cash flow generation have commenced with 25 per cent of stock sold. Central Park has outlined a calibrated monetisation roadmap that anticipates Rs5 bn in fiscal year 2026 through a private offer to friends and family and Rs10 bn in fiscal year 2027, signalling strong demand in the ultra-luxury segment. The phased pricing approach rewards early participation, with prices set to rise by seven to 10 per cent after every 10 units sold. The development is scheduled for practical completion on 31 July 2026, with the formal launch aligned to the opening of Club Belanova in March to April 2026. Belanova sits adjacent to the elevated Sohna carriageway with direct connectivity to NH-48, providing swift access to IGI Airport, Golf Course Road, Rajiv Chowk and Millennium City Centre Metro Station. The project is positioned as a defining landmark. Company executives said Belanova is guided by a top-of-the-board philosophy and embeds world-class hospitality within residential living. The development will feature more than 170 curated amenities, private lift lobbies, dual lifts per residence, 13 feet floor heights and expansive balconies to ensure privacy and architectural proportion. Central Park Estates is Gurgaon-based and forms part of the Bakshi Group of Enterprises.

Equipment

21 Apr 2026

India CE Industry Ends FY26 on a Steady Recovery Path

India’s construction equipment industry closed FY26 on a stable note, reflecting measured resilience and gradually improving momentum. Total sales in Q4 FY26 rose 4 per cent year on year to 42,906 units, extending the recovery seen over the past two years.Domestic demand for the full year remained under pressure, declining 7 per cent, but exports provided strong support. Overall exports grew 31 per cent, while non-OEM exports increased 13 per cent, highlighting sustained demand from overseas markets.March 2026 further underlined the recovery, with sales rising 6 per cent year on year and 13 ..

Infrastructure Urban

21 Apr 2026

Leaders Question FIR Against Anil Agarwal

Several industry and public figures have questioned the FIR filed against Anil Agarwal following the boiler accident in Chhattisgarh, while also expressing condolences over the loss of lives and calling for a thorough investigation.Naveen Jindal said the tragedy was deeply painful and stressed that compensation, livelihood support for affected families and a fair probe were essential. He also questioned naming Agarwal in the FIR before completion of the investigation.Kiran Bedi urged restraint, saying investigations should focus on learning lessons and strengthening systems rather than prematu..

Infrastructure Urban

21 Apr 2026

Tier 2, 3 Cities Drive 66% of New D2C Orders

Tier 2 and Tier 3 cities accounted for 66 per cent of new direct-to-consumer (D2C) orders in FY 2026, according to a new analysis by Unicommerce.The report said buyers from smaller cities also contributed 60 per cent of incremental gross merchandise value (GMV) in FY 2026 compared with FY 2025, highlighting rising demand beyond metro markets.Overall, India’s D2C segment recorded strong growth, with order volumes rising 33 per cent and GMV increasing 32 per cent year-on-year. The findings are based on more than 400 million order items processed through brand websites on Unicommerce’s Uniwar..