Central Park Launches Belanova With Rs12 bn Investment

20 Feb 2026 CW Team

Home loan approvals and financial tie ups have been secured with major banks including ICICI, HDFC, Canara Bank and PNB, underpinning buyer confidence. The company has reported that revenue recognition and cash flow generation have commenced and that roughly 25 per cent of the stock is already sold. A private friends and family offer is expected to yield approximately Rs5 bn in FY26 and wider sales are projected to generate about Rs10 bn in FY27. The phased pricing strategy is designed to reward early participation.

Pricing is set to increase by seven to 10 per cent after every 10 units sold, creating a value appreciation mechanism over the sales cycle. The formal launch of Club Belanova is planned for March–April 2026 while the overall development is scheduled for completion by July 31, 2026. Limited expressions of interest are being considered ahead of the broader market roll out and the company has emphasised discretion and craftsmanship in its positioning. The venture is described as integrating hospitality as the foundation of residential living.

Belanova offers direct connectivity to NH?48 and proximity to IGI Airport, Golf Course Road and the Millennium City Centre Metro Station, enhancing its appeal to premium buyers. The project team has highlighted design features such as private lift lobbies, dual lifts per residence and 13 feet floor heights to ensure privacy and architectural proportion. Central Park positions the development as a defining landmark within its portfolio and a curated life shaped by service excellence and global experiences.

Central Park Estates has launched Belanova, an ultra?luxury residential venture within the 47+ acre Central Park Resorts ecosystem in Gurugram. The company has allocated a total project investment of Rs12 bn and placed the topline revenue potential at Rs25–30 bn. The development comprises 124 residences with an average ticket size of about Rs250 mn, positioned as a low?density vertical estate with bespoke hospitality elements. Funding has been arranged through project finance and internal accruals, with no private equity participation. Home loan approvals and financial tie ups have been secured with major banks including ICICI, HDFC, Canara Bank and PNB, underpinning buyer confidence. The company has reported that revenue recognition and cash flow generation have commenced and that roughly 25 per cent of the stock is already sold. A private friends and family offer is expected to yield approximately Rs5 bn in FY26 and wider sales are projected to generate about Rs10 bn in FY27. The phased pricing strategy is designed to reward early participation. Pricing is set to increase by seven to 10 per cent after every 10 units sold, creating a value appreciation mechanism over the sales cycle. The formal launch of Club Belanova is planned for March–April 2026 while the overall development is scheduled for completion by July 31, 2026. Limited expressions of interest are being considered ahead of the broader market roll out and the company has emphasised discretion and craftsmanship in its positioning. The venture is described as integrating hospitality as the foundation of residential living. Belanova offers direct connectivity to NH?48 and proximity to IGI Airport, Golf Course Road and the Millennium City Centre Metro Station, enhancing its appeal to premium buyers. The project team has highlighted design features such as private lift lobbies, dual lifts per residence and 13 feet floor heights to ensure privacy and architectural proportion. Central Park positions the development as a defining landmark within its portfolio and a curated life shaped by service excellence and global experiences.

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..