Bhumika Group, a real estate developer based in Rajasthan, is making its debut in the NCR (National Capital Region) market by introducing a high-street commercial project on Mathura Road in Faridabad. The venture is set to be a collaboration with Faridabad’s Amolik Group and will span a five-acre area in Faridabad’s sector 21, Haryana. The company has allocated an estimated investment of Rs 600 crore ($80 million) for this ambitious project.
The high-street mall is expected to encompass an extensive 5.5 lakh square feet of saleable space, with a projected revenue of Rs 1000 crore ($133 million). The project’s timeline spans the next four years, aiming to provide a dynamic fusion of retail spaces and community-centric areas. Uddhav Poddar, Managing Director of Bhumika Group, conveyed his excitement, saying, “We are proud to unveil this innovative high street project, reflecting our commitment to seamlessly integrate shopping delights with community engagement.”
The development phase will be carried out as a unified effort, adhering to an estimated construction timeline of four years. Poddar outlined the project’s financing approach, citing reliance on pre-sales, internal cash flows, and institutional investments. Alongside this high-street mall endeavor, the real estate company envisions launching a residential project in Faridabad.
Having recently celebrated the inauguration of the Urban Square Mall in Udaipur, Bhumika Group appears ready to expand its footprint with this latest venture, strategically venturing into the competitive NCR real estate landscape.
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