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.

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