Bhumika group to invest another Rs 450 crore for land acquisition in Faridabad

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The Economic Times daily newspaper is available online now. Read Today's Paper Bhumika group to invest another Rs 450 crore for land acquisition in FaridabadBy Faizan Haidar, ET BureauLast Updated: Oct 15, 2026, 02:50:00 PM ISTSynopsis

Bhumika Realty plans to invest Rs 450 crore in land acquisition in Faridabad by March 2027, taking its cumulative land investment in the city beyond Rs 1,000 crore. The real estate arm of Bhumika Group has invested Rs 550 crore over the past year and is expanding across residential, plotted and mixed-use developments.

New Delhi: Bhumika Realty, the real estate arm of Bhumika Group, plans to invest Rs 450 crore for land acquisition in Faridabad by March 2027, following the investment of Rs 550 crore 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.

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 Rs 170 crore funding arrangement with BGO for ICON and a Rs 500 crore platform with Blackstone-backed ASK Property Fund for plotted development opportunities, with an initial Rs 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.

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“Our investments reflect our long-term confidence in Faridabad’s growth potential. With over Rs 550 crore invested in the past 12 months, we expect our cumulative land investment in the city to exceed Rs 1,000 crore by March 2027. We remain focused on building a diversified real estate portfolio through institutional partnerships and disciplined execution,” said Uddhav Poddar, Chairman and Managing Director of BhumikaGroup.

Faridabad’s improving connectivity with the wider NCR and ongoing infrastructure development continue to support the company’s long-term investment outlook.
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