Key Takeaways
- • Bhumika Realty, the real estate arm of Bhumika Group, expects its cumulative land investment in Faridabad to exceed Rs 1,000 crore by March 2027, according to company-linked reporting.
- • Bhumika Group has announced a ₹1,000-crore investment in an 8-lakh-sq-ft mixed-use project under the TOD framework in Faridabad, spanning retail, hotel and residential space.
- • Bhumika Realty secured Rs 170 crore of funding for its Faridabad mixed-use project, with retail leasing reported at Rs 200–250 per sq. ft.
- • Blackstone-backed ASK Property Fund has committed Rs 500 crore to Bhumika Group's residential developments, including plotted housing across the National Capital Region.
Summary
Bhumika Group is scaling its Faridabad footprint, with its real estate arm, Bhumika Realty, targeting cumulative land investment in the city above Rs 1,000 crore by March 2027. The headline positioning centres on a 100-acre land bank and a push to set a benchmark for luxury homes in the Faridabad market. Available coverage does not provide a full breakdown of how that acreage is distributed across projects.
The group has announced a ₹1,000-crore investment in an 8-lakh-sq-ft mixed-use development under the transit-oriented development framework in Faridabad. Reporting in The Economic Times in April 2025 described the same mixed-use plan, encompassing retail, a hotel and residential components. Bhumika Realty has also secured Rs 170 crore of funding for the Faridabad mixed-use project, with retail leasing reported at Rs 200–250 per sq. ft.
The group's residential and mixed-use pipeline includes 'The Icon', a 5-acre mixed-use urban landmark backed by a ₹700-crore investment, and a premium commercial project spread over 16.50 acres. Bhumika is also described as a mall specialist moving into mixed-use development.
An institutional capital partner has joined the platform. Blackstone-backed ASK Property Fund has committed Rs 500 crore to Bhumika Group's residential developments, including plotted housing projects across key NCR locations. The commitment signals institutional appetite for the group's residential strategy in the region.
The group has announced a ₹1,000-crore investment in an 8-lakh-sq-ft mixed-use development under the transit-oriented development framework in Faridabad. Reporting in The Economic Times in April 2025 described the same mixed-use plan, encompassing retail, a hotel and residential components. Bhumika Realty has also secured Rs 170 crore of funding for the Faridabad mixed-use project, with retail leasing reported at Rs 200–250 per sq. ft.
The group's residential and mixed-use pipeline includes 'The Icon', a 5-acre mixed-use urban landmark backed by a ₹700-crore investment, and a premium commercial project spread over 16.50 acres. Bhumika is also described as a mall specialist moving into mixed-use development.
An institutional capital partner has joined the platform. Blackstone-backed ASK Property Fund has committed Rs 500 crore to Bhumika Group's residential developments, including plotted housing projects across key NCR locations. The commitment signals institutional appetite for the group's residential strategy in the region.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.