Central Park Estates Launches Ultra-Luxury Project Belanova in Gurugram with ₹1,200 Crore Investment
Central Park Estates has launched Belanova, an ultra-luxury residential project in Gurugram, with a total project investment of ₹1,200 crore. The project is estimated to generate a revenue potential of ₹2,500–3,000 crore, the company announced in a statement on February 19.
The development is expected to comprise 124 residences with an average ticket size of around ₹25 crore. Positioned as a low-density vertical estate, Belanova forms part of the 47+ acre Central Park Resorts ecosystem, the company stated.
Located adjacent to the elevated Sohna carriageway with direct connectivity to NH-48, the project offers convenient access to key locations such as Indira Gandhi International Airport, Golf Course Road, Rajiv Chowk, Millennium City Centre Metro Station, and major commercial districts. This strategic location enhances the project's appeal and accessibility.
The project is being funded through a mix of project finance and internal accruals, with no institutional investor or private equity participation. Financial tie-ups and home loan approvals have been secured with major banks, including ICICI Bank, HDFC Bank, Canara Bank, and Punjab National Bank, among others.
The company expects to generate approximately ₹500 crore in FY26 through a private offering to friends and family, followed by an estimated ₹1,000 crore in FY27. The development is scheduled for completion by July 31, 2026, with the formal launch aligned with the opening of Club Belanova in March–April 2026, during which a limited number of expressions of interest will be considered.
On the concept of Belanova, Ankush Kaul, President of Sales and Marketing and CRM at Central Park, said, “On a Monopoly board, Park Lane and Mayfair are not merely properties; they symbolize rarity, centrality, and enduring value. As we conceptualized Belanova, that ‘top-of-the-board’ philosophy guided our thinking. This is not just another luxury tower; it is a rare offering designed for those who value craftsmanship, discretion, and legacy.”
Vikram Singh, President of Projects at Central Park, added, “From private lift lobbies and dual lifts per residence to the 13-feet floor heights and expansive balconies, every design decision at Belanova has been guided by precision and purpose. The project is a testament to our commitment to creating exceptional living spaces that stand the test of time.”
