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Bhumika Realty targets Rs 1,000 crore land investment in Faridabad by March 2027
M
Moneycontrol•14-10-2026, 19:34
Bhumika Realty targets Rs 1,000 crore land investment in Faridabad by March 2027
- •Bhumika Realty expects cumulative land investment in Faridabad to exceed Rs 1,000 crore by March 2027.
- •The expansion is supported by institutional funding including deals with BGO and Blackstone-backed ASK Property Fund.
- •The flagship mixed-use project, The ICON, features a retail mall and luxury apartments scheduled for delivery in 2030.
- •The company plans to launch three plotted development townships, starting with a 21-acre project in Sector 114.
Key Questions Answered
Bhumika Realty expects its cumulative land investment in Faridabad to exceed Rs 1,000 crore by March 2027, building on over Rs 550 crore invested in the past 12 months.
The expansion is backed by a Rs 170-crore funding deal with BGO for The ICON and a Rs 500-crore platform with Blackstone-backed ASK Property Fund for plotted developments, with an initial Rs 125 crore already deployed.
Bhumika Realty plans to launch its first 21-acre plotted township in Sector 114 within a month, pending registration with the Haryana Real Estate Regulatory Authority.
