NCR-based real estate developer Bhumika Group has announced plans to invest ₹700 crore in a large-scale mixed-use development in Faridabad, Haryana, reinforcing growing confidence in the city’s real estate potential. The project is expected to generate an estimated sales realisation of around ₹1,500 crore, according to company officials.
Spread across approximately five acres, the development will feature 88 premium, low-density residential units configured as 3BHK plus study, along with dedicated staff accommodation. The residential component will be complemented by high-end luxury retail, entertainment facilities including a gaming zone, and multiple premium dining options, creating an integrated lifestyle destination.
As per the company’s statement, residential units will be priced at around ₹15,500 per square foot, while retail spaces on the ground floor are expected to be leased at ₹200–250 per square foot. Industry sources indicate that leading global brands such as Apple, Samsung, and Vivo have already committed to the retail segment of the project.
The entire construction timeline is estimated at four years and three months, with all 88 residential units being offered in the initial launch phase. Uddhav Poddar, Chairman and Managing Director of Bhumika Group, said the project aligns with the company’s long-term vision of developing urban ecosystems that go beyond conventional construction.
In the second phase, the group plans to add a premium hotel tower, featuring internationally styled suites tailored for business travellers and long-stay guests.
Commenting on the location, Siddharth Katyal, CEO of Bhumika Realty, said Faridabad is entering a critical growth phase driven by infrastructure upgrades, enhanced expressway connectivity, and the rise of integrated townships. He noted a visible shift in buyer sentiment toward emerging, well-planned micro-markets.
Bhumika Group’s existing portfolio includes Urban Square Mall, Rajasthan’s largest mall, a forthcoming hotel project nearby, and a metro mall development at NHPC Metro Station, highlighting its expanding footprint across retail and mixed-use assets.
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