Bhumika Group to Invest ₹700 Crore in Mixed-Use Development in Faridabad

NCR-based developer Bhumika Group will invest Rs 700 crore in developing a mixed-use development in Haryana’s Faridabad, with an estimated sales realisation of approximately Rs 1,500 crore. This ambitious project is set to redefine the urban landscape of Faridabad, offering a blend of luxury living and commercial opportunities.

Spanning around 5 acres, the project will include 88 premium low-density residential units in 3BHK-plus-study configurations, along with staff accommodation. The high-end residential units will be complemented with luxury retail, entertainment options such as a gaming zone, and multiple premium restaurants, ensuring a comprehensive and vibrant community experience.

While residential units will be priced at Rs 15,500 per square foot, retail stores will be leased at a rate of Rs 200 to 250 per square foot on the ground floor. Sources have revealed that prominent brands such as Apple, Samsung, and Vivo have already committed to the retail component of the project, adding a prestigious touch to the development.

The total construction timeline is set to be four years and three months, with all 88 residential units being introduced in the initial launch. Uddhav Poddar, chairman and managing director at Bhumika Group, stated that this project aligns with the firm’s vision of creating meaningful urban ecosystems that go beyond mere construction. “We are not just building homes; we are creating a community that will thrive and grow,” Poddar emphasized.

The second phase of the project will introduce a premium hotel tower featuring internationally styled suites designed for business travellers and long-stay guests. This addition will further enhance the project’s appeal, providing a one-stop destination for both residential and commercial needs.

Siddharth Katyal, CEO of Bhumika Realty, highlighted the strategic choice of Faridabad as the project site. “Faridabad is entering a defining growth phase, driven by large-scale infrastructure upgrades, improved expressway connectivity, and the emergence of integrated townships. We are witnessing a clear shift in buyer sentiment, where homebuyers and investors are actively looking beyond traditional micro-markets and recognising the long-term potential of well-planned developments,” Katyal explained.

Bhumika Group’s portfolio includes the Urban Square Mall, the largest in Rajasthan, and a planned hotel near the mall. The group has also ventured into the metro mall segment with a project at NHPC Metro Station, further solidifying its commitment to innovative and sustainable urban development.

This mixed-use development in Faridabad is poised to set a new standard for integrated urban living, offering residents and visitors a seamless blend of luxury, convenience, and community. With a robust investment and a clear vision, Bhumika Group is poised to transform Faridabad into a premier destination for both living and business.