Central Park Launches Belanova With Rs 12 Billion Investment

20 Feb 2026 CW Team

The venture is funded through project finance and internal accruals without institutional investor or private equity participation, and financial tie-ups and home loan approvals have been secured with major banks including ICICI, HDFC, Canara Bank and PNB. Revenue recognition and cash flow generation have already commenced as around 25 per cent of stock has been sold and new sales momentum is reported. The company said that initial sales were routed through a private offer to friends and family to establish early demand visibility.

Central Park has outlined a calibrated monetisation roadmap that envisages Rs five billion (bn) in fiscal year 2026 through the private offer, followed by Rs 10 billion (bn) in fiscal year 2027. Pricing will follow a phased strategy intended to reward early participation, with prices increasing by seven to 10 per cent after every 10 units sold. The development is scheduled for completion by 31 July 2026 and the formal launch will align with the opening of Club Belanova in March–April 2026.

Design choices emphasise privacy and proportion, including private lift lobbies, dual lifts per residence, and 13-foot floor heights with expansive balconies, while hospitality-led amenities exceed 170 in number. The site offers direct connectivity to the elevated Sohna carriageway and NH-48, providing swift access to IGI Airport, Golf Course Road and Millennium City Centre metro station. Central Park Estates, part of the Bakshi Group of Enterprises, said Belanova will augment its existing luxury portfolio.

Central Park Estates has launched Belanova, an ultra-luxury residential venture within the 47 acre Central Park Resorts ecosystem designed to combine residential living with bespoke hospitality. The project carries a total investment of Rs 12 billion (bn) and an estimated topline revenue potential of Rs 25–30 billion (bn). The development comprises 124 residences with an average ticket size of about Rs 250 million (mn), positioning it as a low-density vertical estate. The venture is funded through project finance and internal accruals without institutional investor or private equity participation, and financial tie-ups and home loan approvals have been secured with major banks including ICICI, HDFC, Canara Bank and PNB. Revenue recognition and cash flow generation have already commenced as around 25 per cent of stock has been sold and new sales momentum is reported. The company said that initial sales were routed through a private offer to friends and family to establish early demand visibility. Central Park has outlined a calibrated monetisation roadmap that envisages Rs five billion (bn) in fiscal year 2026 through the private offer, followed by Rs 10 billion (bn) in fiscal year 2027. Pricing will follow a phased strategy intended to reward early participation, with prices increasing by seven to 10 per cent after every 10 units sold. The development is scheduled for completion by 31 July 2026 and the formal launch will align with the opening of Club Belanova in March–April 2026. Design choices emphasise privacy and proportion, including private lift lobbies, dual lifts per residence, and 13-foot floor heights with expansive balconies, while hospitality-led amenities exceed 170 in number. The site offers direct connectivity to the elevated Sohna carriageway and NH-48, providing swift access to IGI Airport, Golf Course Road and Millennium City Centre metro station. Central Park Estates, part of the Bakshi Group of Enterprises, said Belanova will augment its existing luxury portfolio.

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 ..

Infrastructure Urban

20 Mar 2026

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..

Infrastructure Energy

20 Mar 2026

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..