Luxury housing in India’s National Capital Region has entered a new cycle—defined less by scale and more by scarcity. Against this backdrop, Central Park Estates has introduced Belanova, a 124-residence ultra-luxury vertical estate positioned within its 47+ acre Central Park Resorts ecosystem in Gurugram.
With a total project investment of ₹1,200 crore and an estimated topline revenue potential of ₹2,500–3,000 crore, Belanova signals a calibrated play in the rarefied ₹20+ crore residential bracket—where buyer appetite remains selective but resilient.
A Low-Density Vertical Estate Model
Belanova is being positioned not as another premium high-rise, but as a low-density “vertical estate.” The project will house just 124 residences, with an average ticket size of approximately ₹25 crore. That density—deliberately constrained—aligns with the broader ultra-luxury trend of prioritising privacy, exclusivity, and controlled community scale over inventory volume.
Structurally, the design vocabulary reinforces this positioning. Each residence features private lift lobbies, dual lifts, 13-foot floor heights, and expansive balconies—specifications that go beyond standard luxury benchmarks in the region. The architectural approach, according to the developer, has focused on proportion, privacy layering, and structural precision rather than ostentatious scale.
Hospitality as the Core Proposition
Where Belanova differentiates itself is in its hospitality-led living framework. The project is designed around more than 170 curated amenities and access to an integrated club ecosystem, anchored by the upcoming Club Belanova, scheduled to open in March–April 2026.
Central Park’s hospitality division describes the offering as embedding bespoke service infrastructure directly into residential life—blurring the line between private home and resort ecosystem. This reflects a wider shift among high-net-worth buyers who increasingly value experiential depth, service reliability, and curated programming over sheer square footage.
In effect, the project attempts to import the operational discipline of a luxury resort into a residential environment—an approach that, if executed consistently, could influence future high-rise development in NCR’s premium segment.
Financial Structure and Monetisation Strategy
Notably, the project is being funded through project finance and internal accruals, without 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
- Punjab National Bank
The absence of PE capital indicates confidence in absorption velocity and internal liquidity management—particularly relevant in a segment where inventory cycles can be prolonged.
The monetisation roadmap is equally structured. Central Park expects to close approximately ₹500 crore in FY26 through a private offer to friends and family, followed by an estimated ₹1,000 crore in FY27. Around 25% of inventory has reportedly been sold, and revenue recognition has already commenced.
The pricing model follows a phased escalation approach, with a 7–10% increase after every 10 units sold. This mechanism rewards early participation while reinforcing perceived scarcity—an established strategy in ultra-luxury vertical developments.
Location and Connectivity
Strategically located adjacent to the elevated Sohna carriageway with direct connectivity to NH-48, Belanova offers swift access to:
- Indira Gandhi International Airport
- Golf Course Road
- Rajiv Chowk
- Millennium City Centre Metro Station
The micro-market has steadily transitioned into a luxury-led residential corridor, benefitting from improved expressway connectivity and proximity to commercial hubs.
Completion Timeline
The development is scheduled for completion by July 31, 2026, with the formal launch aligned with the opening of Club Belanova in early FY27. Expressions of interest are currently being selectively considered, reflecting a controlled release strategy.
The Broader Implication
Belanova’s launch underscores a clear evolution in NCR’s top-tier residential market. The focus has shifted from expansive master-planned inventory to curated, low-density offerings that promise discretion, service integration, and long-term asset positioning.
If execution aligns with design intent, Belanova could serve as a template for hospitality-integrated high-rise living—where operational excellence becomes as important as architectural ambition.
In a market increasingly defined by nuance rather than noise, the project represents a deliberate bet on rarity, calibrated pricing, and experiential depth—an approach that may well define the next phase of ultra-luxury development in Gurugram.
