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Bhumika Group has launched The Icon, a large mixed-use real estate project in Faridabad with an investment of INR 700 crore. The development will include premium residential homes along with commercial spaces, with total sales potential estimated at around INR 1,500 crore. All housing units will be launched in the first phase, while a hotel tower with serviced suites will be added later, strengthening the project’s hospitality component. Planned for completion over a little more than four years, the project is located on a key growth corridor with improving NCR connectivity. The launch aligns with Bhumika Group’s broader investment plans in Faridabad, where it is expanding its presence through retail hubs and integrated township developments.
Bhumika Group has introduced The Icon, a large mixed use real estate development in Faridabad with a total investment of INR 700 crore. The project is designed to deliver both premium residential units and commercial elements as part of a broader growth strategy in the National Capital Region. Estimated sales realisation for the development stands at around INR 1,500 crore, indicating strong market potential. Advertisement
The total construction timeline for the project is planned at four years and three months, with all residential units launched at the outset. In a subsequent phase, the developer will introduce a hotel tower featuring suites, broadening the project’s mixed use profile by adding hospitality offerings alongside housing and retail.
Bhumika Group’s investment in Faridabad comes as part of a larger engagement in the city’s real estate sector. Prior to The Icon, the company conducted bhoomi poojan (ground breaking) on a land parcel in Sector 114 and outlined plans for investments totaling over INR 2,200 crore in the region, including metro linked retail hubs and proposals for integrated township projects.
The project is positioned on a major growth corridor with improving connectivity to Delhi and other parts of the National Capital Region. With expanding infrastructure and rising buyer interest, mixed use developments that combine residential, retail, and hospitality components are seeing increased traction. The Icon adds to this trend, aiming to provide diverse offerings within a single destination.
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