Luxury Real Estate Expansion: Central Park Projects ₹3,000 Crore from Gurugram Tower

Gurugram-based Central Park Estates has unveiled Belanova, a high-rise luxury residential project within its Central Park Resorts ecosystem. The company has pegged the total investment at ₹1,200 crore, with an estimated revenue potential of ₹2,500–3,000 crore.

The development comprises 124 residences, each averaging a ticket size of ₹25 crore, positioning Belanova as one of the most exclusive vertical estates in NCR. The project is funded through a mix of internal accruals and project finance, without private equity involvement.

Central Park has charted a phased monetisation roadmap, targeting ₹500 crore sales in FY26 via private offers to friends and family, followed by ₹1,000 crore in FY27. Around 25% of inventory has already been sold, with revenue recognition underway. Completion is scheduled for July 2026.

Key Highlights

• Project Name: Belanova, Gurugram.
• Investment: ₹1,200 crore.
• Revenue Target: ₹2,500–3,000 crore.
• Residences: 124 units, average ₹25 crore each.
• Sales Plan: ₹500 crore in FY26, ₹1,000 crore in FY27.
• Completion Timeline: July 2026.

Sources: BW Businessworld, UNI, The Economic Times