Central Park Estates has launched Belanova, its ultra-luxury singular and unrepeatable venture where superlatively elevated living is immaculately woven with bespoke hospitality. Conceived to rechristen high-rise living, the residential venture has been undertaken with a total project investment of ₹1,200 crore and carries an estimated topline revenue potential of ₹2,500–3,000 crore.
Comprising 124 residences with an average ticket size of approximately ₹25 crore, Belanova is
positioned as a rare, low-density vertical estate within the 47+ acre Central Park Resorts ecosystem.
The project is funded through project finance and internal accruals, with no institutional investor or
private equity participation. Financial tie-ups and home loan approvals have been secured with all
major banks including ICICI, HDFC, Canara Bank, PNB and others, reinforcing capital strength
and buyer confidence.
The company has outlined a calibrated monetisation roadmap for the project. It expects to achieve
approximately ₹500 crore in FY26 through a private offer to friends and family, followed by an
estimated ₹1,000 crore in FY27, reflecting strong demand visibility in the ultra-luxury segment.
Revenue recognition and cash flow generation have already commenced, supported by approximately 25% sold stock along with new sales momentum.
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 are being considered. Belanova follows a phased pricing strategy designed to reward early
participation, with pricing set to increase by 7–10% after every 10 units sold, strengthening its value-
appreciation proposition over the sales cycle.
Sharing his thoughts at the launch, Mr. Ankush Kaul, President – Sales, Marketing CRM, Central Park, said, “On a Monopoly board, Park Lane and Mayfair are not merely properties; they symbolise rarity, centrality, and enduring value. As we conceptualised 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. Belanova is meant to stand apart quietly, commanding its place through substance rather than noise — a residence that truly belongs at the very top in real life.”
Mr. Rajit Sardana, President – Hospitality, Central Park, added, “Belanova is our promise to embedding world-class hospitality within residential living. When hospitality becomes bespoke, living gets superlatively elevated. Today’s luxury consumers have transcended beyond square footage; they seek experiences, sensorial delight, service excellence, and a sense of belonging. With over 170
curated amenities and access to a diverse club ecosystem, we are delivering the depth of an ultra-
luxury resort within the privacy of one’s home. It is hospitality not as an add-on, but as the very
foundation of the living experience.”
Speaking about the execution of the venture, Mr. Vikram Singh, Project Head, Central Park, stated,
“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. We
approached this venture as a vertical estate, ensuring privacy, structural integrity, and architectural
proportion at every level. The result is a development that seamlessly integrates engineering
excellence with lifestyle sophistication.”
Strategically located adjacent to the elevated Sohna carriageway with direct connectivity to NH-48,
About Central Park
Central Park Estates is Gurgaon-based real estate supremo – part of the Bakshi Group of Enterprises, a legacy name across real estate, infrastructure, hospitality, and automotive industries. The Bakshi Group of Enterprises owns several hotels, ensuring their expertise in hospitality is unmatched. Known for offering a luxurious lifestyle, Central Park Estates provides an extraordinary experience through concept-based luxury homes and unrivalled hospitality services. Key ventures include Delphine at Dwarka Expressway, Central Park at Golf Course Road, Central Park Resorts, Belaperla and Belanova (upcoming), Central Park The Room, and Central Park Flower Valley, which includes Selene, Bignonia Towers, The Orchard, Aqua Front Towers, The Room, Fleur Villas, Cerise Floors, Clover Floors, and Mikasa Plots.
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