Central Park Launches Belanova With Rs12 bn Investment
ECONOMY & POLICY

Central Park Launches Belanova With Rs12 bn Investment

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement