The company has invested over ₹550 crore in Faridabad land acquisitions in the past 12 months and inaugurated a 15,000 sq. ft. Experience Centre at ICON
Faridabad, 14 Oct, 2026: Bhumika Realty, the real estate arm of Bhumika Group, expects its cumulative land investment in Faridabad to cross ₹1,000 crore by March 2027, including over ₹550 crore invested in the city over the past 12 months.
The company is expanding its presence across residential, plotted and mixed-use developments. As part of this strategy, it has inaugurated a 15,000 sq. ft. Experience Centre at ICON, its flagship mixed-use development on Delhi–Mathura Road, featuring a sample apartment. Construction at the project is underway.
Bhumika Realty has acquired land across multiple sectors in Faridabad, with its plotted development in Sector 114 having received its development licence and awaiting RERA registration.
The company’s growth is supported by institutional partnerships, including a ₹170 crore funding arrangement with BGO for ICON and a ₹500 crore platform with Blackstone-backed ASK Property Fund for plotted development opportunities, with an initial ₹125 crore investment deployed in Faridabad.
ICON has also secured approximately one lakh sq. ft. of retail leasing, with brands including Lifestyle, PVR INOX, Samsung and an Apple reseller.
Uddhav Poddar, Chairman and Managing Director of Bhumika Group, said: “Our investments reflect our long-term confidence in Faridabad’s growth potential. With over ₹550 crore invested in the past 12 months, we expect our cumulative land investment in the city to exceed ₹1,000 crore by March 2027. We remain focused on building a diversified real estate portfolio through institutional partnerships and disciplined execution.”
Faridabad’s improving connectivity with the wider NCR and ongoing infrastructure development continue to support the company’s long-term investment outlook.
About Bhumika Group
Bhumika Group has interests in real estate, retail, hospitality and logistics. Its real estate portfolio includes ICON in Faridabad and Urban Square in Udaipur, alongside a pipeline of residential and plotted developments.
