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Central Park Estates has launched Belanova, an ultra-luxury high-rise residential development within its Central Park Resorts township in Gurugram, with a total project investment of INR 1,200 Cr and an estimated revenue potential of INR 2,500-3,000 Cr. The low-density project comprises 124 residences with an average ticket size of around INR 25 Cr each. The developer has outlined a calibrated monetisation strategy, targeting sales of about INR 500 Cr in FY26 and INR 1,000 Cr in FY27. Funded through internal accruals and project finance, Belanova has no institutional or private equity participation and has already seen around 25% inventory sold. Completion is scheduled for end-July 2026.
Central Park Estates has formally launched Belanova, its latest ultra-luxury residential project in Gurugram, positioned as a bespoke, hospitality-led vertical estate within the 47-acre Central Park Resorts development. Conceived as a singular, low-density offering, the project marks a strategic push by the developer into the uppermost tier of the luxury housing segment. Advertisement
Belanova comprises 124 residences, each priced at an average of approximately INR 25 Cr, translating into an estimated topline potential of INR 2,500-3,000 Cr. The total project investment stands at INR 1,200 Cr. According to the company, the development is being funded through a combination of project finance and internal accruals, without any participation from institutional investors or private equity funds. Financial tie-ups and home loan approvals have been secured with major lenders including ICICI Bank, HDFC, Canara Bank and Punjab National Bank, among others.
The developer has laid out a phased monetisation roadmap for the project. Sales of around INR 500 Cr are expected in FY26, largely through a private offering to a closed group of friends and family, followed by an estimated INR 1,000 Cr in FY27. Around a quarter of the project inventory has already been sold, enabling early revenue recognition and cash flow generation. Pricing for the project follows a structured escalation mechanism, with values set to rise by 7-10% after every 10 units sold, incentivising early buyers while supporting long-term value appreciation.
Construction is progressing in line with timelines, with project completion scheduled for 31 July 2026. The formal market launch is aligned with the opening of Club Belanova, expected between March and April 2026, during which a limited number of expressions of interest are being considered.
Located adjacent to the elevated Sohna carriageway, the project offers direct connectivity to NH-48, IGI Airport, Golf Course Road, Rajiv Chowk and the Millennium City Centre Metro Station. With its emphasis on privacy, large floor plates, private lift lobbies and hospitality-led amenities, Belanova is positioned as a flagship development within Central Park's portfolio and a notable addition to Gurugram's ultra-luxury residential landscape.
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