Supreme Holdings & Hospitality is a debt-free luxury-home builder that sells apartments the way a craftsman’s workshop might - one project at a time, with the owner’s name on the door. The company began in 1982 as a private firm, was acquired by the Jatia group in 1987, and later absorbed hotel and trading businesses before pivoting entirely to real estate in 2011 under the “Belmac” brand. Everything it does flows from a single, recurring approach: buy land in a government-planned growth corridor, build a self-contained township with far more open space than the norm, and sell the finished homes directly to families - carrying no debt while it does so.
Business segments
Two engines at different stages - a completed-townships business that has delivered over 500 homes across two projects, and a pipeline of future townships on a land bank positioned for the new airport city taking shape nearby.
1. Completed townships: the homes that built the brand
Two fully finished luxury townships in Pune and Panvel have already placed over 500 families, establishing Belmac as a builder that sells space and light, not just square feet.
- Sold directly, recognised slowly - the company sells apartments straight to homebuyers with no middlemen, and it books revenue over the construction period using the percentage-of-completion method, matching income to the costs actually incurred on each tower. This means revenue from a single project can appear across several financial years, reflecting the phased delivery of towers.
- Amenities as a selling point, not an afterthought - Belmac Residences alone packs more than 40 facilities into its clubhouse, including a spa, salon, jacuzzi, Zumba room and a business centre, while Riverside adds a pet park, volleyball court and a multi-sport turf. The amenities are built and handed over with the towers, so a family moves into a functioning community, not a construction site.
2. Future townships: a land bank waiting for an airport
An 11.83-acre parcel in Panvel, plus a smaller site already under construction, together represent a pipeline with a targeted development value exceeding ₹2,500 crore - all located inside a government-planned city that will surround India’s newest international airport.
- Land inside the new city plan - the future township sits in Town Planning Scheme-2 within the NAINA area, a CIDCO-managed zone created specifically to organise growth around the Navi Mumbai International Airport, whose first phase targets 20 million passengers a year and a LEED Gold rating, with a test flight completed in December 2024 and the domestic terminal inaugurated in April 2025. Because the land is inside an official planning scheme, infrastructure - roads, metro corridors, the Virar-Alibag Multimodal Corridor - is being built by the state, not by the company.
- A ₹400-crore land cushion - the 11.83-acre parcel has been independently revalued at ₹400 crore, which the company notes is 1.3 times its own stock-market value. That means the land alone, before a single brick is laid, is worth more than the entire company as priced by the public markets.
- Height clearance unlocks density - in November 2025, the Airports Authority of India approved a building height of 159.10 metres for the TPS 3 land, and the company had already submitted its Intimation of Disapproval application to the municipal authority. With height permission secured, the project can rise to high-rise towers that multiply the saleable area on the same footprint, targeting roughly 3.1 million square feet in the first phase.
- A small project already in motion - Belmac Codename Infinity, a single G+10 tower on 0.56 acres in TPS 2, received its Commencement Certificate in July 2024, broke ground in December 2024, and carries a Gross Development Value of about ₹90 crore, with revenue expected to begin flowing from Q3 FY2025-26. It is the test case that proves the company can navigate NAINA’s approval machinery before it scales up to the larger site.
Group structure and partners
A lean, family-led holding company with three subsidiaries that exist to supply materials and contracting services to its own projects - not to build outside businesses.
- Three subsidiaries, one purpose - Belmaac City Developers (incorporated May 2022) holds a construction licence, Visana Infrastructure (incorporated May 2022, 90% owned) acts as a works contractor and deals in construction materials, and Helmet Traderz is a wholly owned legacy entity. All three serve the parent’s development projects, keeping procurement and contracting in-house.
- Related-party sourcing - Shrilekha Trading, a firm where a director’s relative is a director, supplies iron, steel and other construction materials to the company and also brokers flat sales. This creates a tight supply chain, though it means material costs are set by entities close to management.
- A hotel loan on the books - Grandeour Hotels, another related party, owed the company ₹4.97 crore as of FY25. It is a legacy receivable from the group’s earlier hospitality interests, not a real-estate asset.
- No foreign entanglements - the company has no foreign investments, collaborations or subsidiaries, and a plan to form a partnership firm called Belmaac Township Developers in 2022 was aborted within a month for commercial reasons. The structure is deliberately simple and entirely domestic.