Bhumika Realty 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, according to the company's announcement on Wednesday. As reported by Business Standard and ETRealty, the Delhi-NCR-based real estate developer is expanding its presence across residential, plotted and mixed-use developments in the city. Uddhav Poddar, chairman and managing director of Bhumika Group, stated that the investments reflect long-term confidence in Faridabad's growth potential, with the company remaining focused on building a diversified real estate portfolio through institutional partnerships and disciplined execution.
The company has inaugurated a 15,000 sq ft experience centre at ICON, its flagship mixed-use development on Delhi–Mathura Road, featuring a sample apartment with construction underway. According to the company announcement, Bhumika Realty has also acquired land across multiple sectors in Faridabad, with its plotted development in Sector 114 having received its development licence and awaiting Real Estate Regulatory Authority (Rera) registration. The group's current portfolio includes ICON in Faridabad and Urban Square in Udaipur, alongside a pipeline of residential and plotted developments.
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. As reported by Business Standard and ETRealty, an initial investment of ₹125 crore has been deployed in Faridabad. ICON has secured approximately 1 lakh sq ft of retail leasing, with brands including Lifestyle, PVR INOX, Samsung and an Apple reseller.
Faridabad's improving connectivity with the wider NCR and ongoing infrastructure development continue to support its long-term investment outlook, according to the company statement. The company emphasized its focus on building a diversified real estate portfolio through institutional partnerships and disciplined execution, positioning itself for continued growth in the Faridabad market.
