Central Park Launches Belanova With Rs 12 Billion Investment

23 Feb 2026 CW Team

Belanova comprises 124 residences with an average ticket size of Rs 250 million (Rs 250 mn) set within more than 47 acres of integrated resort and club facilities. Private lift lobbies, dual lifts per residence, 13 feet floor heights and expansive balconies were cited as key design features to reinforce privacy and proportion.

The project is funded through project finance and internal accruals with no private equity participation and financial tie-ups and home loan approvals have been secured with major banks including ICICI, HDFC, Canara Bank and PNB. The company outlined a monetisation roadmap that anticipates approximately Rs 5 billion (Rs 5 bn) in FY26 from a private offer and around Rs 10 billion (Rs 10 bn) in FY27, reflecting strong demand in the ultra-luxury segment. Revenue recognition and cash flow generation have commenced, supported by roughly 25 per cent sold stock and new sales momentum.

Completion is scheduled for 31 July 2026 and the formal launch will align with the opening of Club Belanova in March–April 2026, during which limited expressions of interest will be considered. The phased pricing strategy is designed to reward early participation, with prices intended to rise by seven to 10 per cent after every 10 units sold.

Belanova is adjacent to the Sohna carriageway with direct connectivity to NH-48 and access to IGI Airport, Golf Course Road, Millennium City Centre Metro Station and key commercial districts. Central Park Estates, part of the Bakshi Group of Enterprises, said its hospitality-led experience and curated amenities will underpin the development and position it as a landmark in ultra-luxury bespoke hospitality-led living.

Central Park Estates has launched Belanova, an ultra-luxury residential and hospitality-led development in Gurugram, with a total project investment of Rs 12 billion (Rs 12 bn) and estimated topline revenue potential of Rs 25 to 30 billion. The firm positioned the venture as a low-density vertical estate within the Central Park Resorts ecosystem intended to reset standards for high-rise living through bespoke hospitality and design. Belanova comprises 124 residences with an average ticket size of Rs 250 million (Rs 250 mn) set within more than 47 acres of integrated resort and club facilities. Private lift lobbies, dual lifts per residence, 13 feet floor heights and expansive balconies were cited as key design features to reinforce privacy and proportion. The project is funded through project finance and internal accruals with no private equity participation and financial tie-ups and home loan approvals have been secured with major banks including ICICI, HDFC, Canara Bank and PNB. The company outlined a monetisation roadmap that anticipates approximately Rs 5 billion (Rs 5 bn) in FY26 from a private offer and around Rs 10 billion (Rs 10 bn) in FY27, reflecting strong demand in the ultra-luxury segment. Revenue recognition and cash flow generation have commenced, supported by roughly 25 per cent sold stock and new sales momentum. Completion is scheduled for 31 July 2026 and the formal launch will align with the opening of Club Belanova in March–April 2026, during which limited expressions of interest will be considered. The phased pricing strategy is designed to reward early participation, with prices intended to rise by seven to 10 per cent after every 10 units sold. Belanova is adjacent to the Sohna carriageway with direct connectivity to NH-48 and access to IGI Airport, Golf Course Road, Millennium City Centre Metro Station and key commercial districts. Central Park Estates, part of the Bakshi Group of Enterprises, said its hospitality-led experience and curated amenities will underpin the development and position it as a landmark in ultra-luxury bespoke hospitality-led living.

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