Central Park Launches Belanova, Targets Rs5 bn in FY26

20 Feb 2026 CW Team

Belanova sits within a 47+ acre resort environment and has been funded through project finance and internal accruals without institutional investor or private equity participation. The development has secured home loan approvals from major banks including ICICI, HDFC, Canara Bank and PNB, which the company said will reinforce buyer confidence. The venture carries an estimated topline revenue potential of Rs25–30 billion (Rs25–30 bn).

Central Park outlined a calibrated monetisation roadmap that targets Rs5 billion (Rs5 bn) in FY26 through a private friends-and-family offer, followed by an expected Rs10 billion (Rs10 bn) in FY27, reflecting demand visibility in the ultra-luxury segment. Revenue recognition and cash flow generation have commenced, supported by approximately 25 per cent sold stock and fresh sales momentum. Pricing will be phased to reward early participation with increases of seven–10 per cent after every 10 units sold.

Completion is scheduled for 31 July 2026 with the formal launch timed to coincide with the opening of Club Belanova in March–April 2026, during which the company will consider a limited set of expressions of interest. Executives emphasised that the development embeds hospitality as a core component of residential living and that the project aims to deliver a resort-like experience with more than 170 curated amenities and club access. The project head noted design decisions intended to ensure privacy and proportion, including private lift lobbies, dual lifts per residence, 13-feet floor heights and expansive balconies. The company said the phased pricing and limited inventory are intended to strengthen value appreciation for early purchasers.

Central Park Estates has launched Belanova, an ultra-luxury residential venture developed within the Central Park Resorts ecosystem and positioned as a low-density vertical estate. The project carries a total investment of Rs12 billion (Rs12 bn) and comprises 124 residences with an average ticket size of Rs250 million (Rs250 mn) per unit. The company described Belanova as a singular, bespoke offering intended to recalibrate high-rise luxury living. Belanova sits within a 47+ acre resort environment and has been funded through project finance and internal accruals without institutional investor or private equity participation. The development has secured home loan approvals from major banks including ICICI, HDFC, Canara Bank and PNB, which the company said will reinforce buyer confidence. The venture carries an estimated topline revenue potential of Rs25–30 billion (Rs25–30 bn). Central Park outlined a calibrated monetisation roadmap that targets Rs5 billion (Rs5 bn) in FY26 through a private friends-and-family offer, followed by an expected Rs10 billion (Rs10 bn) in FY27, reflecting demand visibility in the ultra-luxury segment. Revenue recognition and cash flow generation have commenced, supported by approximately 25 per cent sold stock and fresh sales momentum. Pricing will be phased to reward early participation with increases of seven–10 per cent after every 10 units sold. Completion is scheduled for 31 July 2026 with the formal launch timed to coincide with the opening of Club Belanova in March–April 2026, during which the company will consider a limited set of expressions of interest. Executives emphasised that the development embeds hospitality as a core component of residential living and that the project aims to deliver a resort-like experience with more than 170 curated amenities and club access. The project head noted design decisions intended to ensure privacy and proportion, including private lift lobbies, dual lifts per residence, 13-feet floor heights and expansive balconies. The company said the phased pricing and limited inventory are intended to strengthen value appreciation for early purchasers.

Real Estate

20 Feb 2026

Supreme Court Clears NBCC to Complete 16 Stalled Supertech Projects

In a significant relief to thousands of homebuyers, the Supreme Court of India has upheld the order of the National Company Law Appellate Tribunal (NCLAT) directing NBCC to complete 16 stalled residential projects of debt-ridden Supertech Ltd.The apex court, in its final order delivered on February 5, 2026, restrained all courts and tribunals from passing any directions that could stall or obstruct the execution of the NBCC-led completion plan. The decision impacts nearly 51,000 homebuyers who have been awaiting possession of their flats for over a decade.Years of delaySupertech launched and p..

Infrastructure Urban

20 Feb 2026

Telecom Underpins India's AI Revolution, MoS Says

At the India AI Impact Summit, the Minister of State for Communications and Rural Development said that telecom infrastructure constitutes the foundational layer of the country's artificial intelligence ecosystem and described connectivity as a form of sovereignty. He argued that inclusive digital connectivity is central to India's technological leadership and the empowerment of citizens. The address framed telecom as essential not merely for communication but for enabling AI-driven opportunities across sectors. He noted that broadband subscribers rose from 60 million (60 mn) in 2014 to one bi..

Infrastructure Urban

20 Feb 2026

India and Ireland Deepen Digital and Telecom Cooperation

India and Ireland held a bilateral meeting in New Delhi in which the Union Minister for Communications, Jyotiraditya Scindia, led the Indian delegation and Jack Chambers led the Irish delegation. The meeting at Sanchar Bhawan sought to deepen cooperation in telecommunications, digital infrastructure, emerging technologies and regulatory collaboration. Senior officials from the Department of Telecommunications and Ireland's Commission for Communications Regulation attended to chart a roadmap for future networks. Both sides noted complementarities between India's scale and rapid deployment capab..