Bhumika Group Unveils 'The Icon' - ₹700 Crore Mixed-Use Marvel in Faridabad
Bhumika Group, a leading name in North India's real estate sector, has made waves with the launch of 'The Icon.' Spanning 5 acres in Faridabad, this ₹700 crore project offers a unique blend of living spaces, retail, entertainment, and future comforts. Investors and homebuyers should pay attention; it’s projected to generate ₹1,500 crore in sales.
Project Highlights at a Glance
- 88 Premium Low-Density Units: Each unit features 3BHK plus a study, along with staff quarters. Low density translates to more room and less congestion.
- Spacious Clubhouse: Covering over 30,000 sq ft, it includes a pool, spa, gym, walking paths, and dining options.
- Retail and Entertainment Appeal: Expect luxury retail, gaming areas, and open-air dining. Ground floor leases range from ₹200-250 per sq ft.
- Phase 2 Excitement: A hotel tower will feature stylish international suites, perfect for business travellers and long-term visitors.
Imagine this: You wake up in your spacious 3BHK, enjoy the spa, then head downstairs to shop at Apple or Samsung. That's the lifestyle Bhumika is crafting.
Pricing and Market Advantage
Starting prices for homes are at ₹15,500 per sq ft, high, but the amenities justify it. The retail sector is already thriving, with commitments from brands like Apple, Samsung, and Vivo. In just a few months, over 81,000 sq ft has been leased. The infrastructure growth in Faridabad, like the upgrades to the Delhi-Mathura Road, is pushing this development forward.
Construction has commenced, with an expected completion in 4 years and 3 months. Bhumika has also secured ₹170 crore in funding from BGO and Aditya Birla Sun Life AMC, showcasing their smart financial planning.
Why 'The Icon' Shines Bright
Faridabad isn’t the sleepy NCR suburb it once was, it’s finding its pace. This project taps into that shift, blending eco-friendly planning with modern design and steady footfall from nearby retail and hospitality hubs. Families like the open, less crowded living, professionals value the ease of access, and investors are eyeing strong appreciation ahead.
| Feature | Details |
|---|---|
| Investment | ₹700 Crore |
| Sales Potential | ₹1,500 Crore |
| Land Area | 5 Acres |
| Timeline | 4 Years 3 Months |
| Unit Price | ₹15,500/sq ft |
| Retail Lease | ₹200-250/sq ft |
Bhumika Group understands the market well. Their previous successes confirm they can deliver quality. For those searching in Delhi-NCR, 'The Icon' presents a compelling opportunity amid soaring demand.
Ready to get involved? Faridabad's new icon might just change your address for the better.