Central Park Estates Launches Ultra-Luxury Project 'Belanova' in Gurugram with ₹1,200 Crore Investment, Targets ₹1,500 Crore Sales in FY26–FY27
Central Park Launches Belanova Ultra-Luxury Offering
Central Park Estates has launched Belanova, its ultra-luxury residential venture within the 47-acre Central Park Resorts township in Sector 48, Gurugram. The project carries a total investment of ₹1,200 crore and an estimated topline revenue potential of ₹2,500–3,000 crore.
Scale and Pricing
Comprising 124 residences with an average ticket size of approximately ₹25 crore, Belanova is positioned as a low-density vertical estate within the 47+ acre Central Park Resorts ecosystem. The ultra-luxury project features 124 residences, with 25% inventory already sold. This places Belanova at the upper tier of Gurugram's residential market: Luxury housing priced at ₹10 crore and above witnessed a sharp increase in Gurugram last year, with total sales value climbing 80% to ₹24,120 crore, driven by rising demand from high-net-worth individuals and returning NRIs.
Timeline and Market Launch
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. Belanova follows a phased pricing strategy designed to reward early participation, with pricing set to increase by 7–10% after every 10 units sold.
Central Park expects to achieve approximately Rs 500 crore in FY26 through a private offer to friends and family, followed by an estimated Rs 1,000 crore in FY27.
Design and Amenities
The residences will feature private lift lobbies, dual lifts per home, 13-foot floor heights and expansive balconies. Designed as a hospitality-led residential offering, Belanova integrates over 170 curated amenities and access to an extensive club ecosystem. Belanova integrates over 170 curated amenities and a resort-style club ecosystem aimed at discerning, high-end buyers.
Location and Connectivity
Strategically located adjacent to the elevated Sohna carriageway with direct connectivity to NH-48, Belanova offers swift access to IGI Airport, Golf Course Road, Rajiv Chowk, Millennium City Centre Metro Station and key commercial districts. Sector 49 Gurgaon is linked to other parts of the city through Sohna Road, NH-48, Dwarka Expressway, Golf Course Extension Road.
The location sits on one of south Gurugram's well-established residential and commercial corridors. Sector 48 is part of Sohna Road and forms an important residential cluster along the Sohna Road corridor. Over the years, the locality has developed alongside commercial growth in southern Gurugram, resulting in a neighborhood that combines residential societies, office spaces, schools, healthcare facilities, and retail developments.
Funding and Financing
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.
Central Park's Market Position
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. 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.
Central Park Resorts, the flagship township housing Belanova, is a landmark spread across 47.5 acres, designed on a low-density concept with 20 acres of open greens. The broader township features 5-star concierge services, a unique underground parking tunnel, dedicated Khalsa security force, and thoughtfully curated amenities like mini-theater, banquet hall, badminton and tennis courts, jogging tracks, and a charming mini golf area.