Bhumika Group steps into NCR real estate with project in Faridabad

23 Aug 2023 CW Team

Bhumika Group, a developer based in Rajasthan, is preparing to make its entry into the real estate market of the National Capital Region (NCR). The company is all set to unveil its inaugural high-street commercial endeavour on Mathura Road in Faridabad. With an anticipated investment of Rs 6 billion, the project is scheduled for completion over the next four years.

Collaborating in a joint venture with the Amolik Group, a Faridabad-based company, the project will encompass a sprawling five-acre expanse within sector 21 of Faridabad, Haryana. The primary objective of the venture is to fashion a high-street mall that spans an impressive 5.5 lakh square feet of saleable area. The projected revenue from this undertaking is estimated to reach Rs 10 billion.

Uddhav Poddar, the Managing Director of Bhumika Group, expressed his pride in introducing this high street project, emphasising their longstanding commitment to creating spaces that seamlessly blend shopping pleasures with community-centred environments. The entire development is planned as a singular phase, and construction is projected to unfold over a span of four years.

In terms of financing, Poddar outlined a strategy involving pre-sales, internal financial resources, and institutional investments to fund the project. Additionally, he revealed that Bhumika Group envisions launching a residential project in Faridabad in the forthcoming future. Notably, the company has recently inaugurated the Urban Square Mall in Udaipur.

Real Estate

09 Sep 2025

Mumbai Nears 100K Sales Despite Rs 10B August Dip

Mumbai’s real estate market remained resilient in August 2025, recording 11,230 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits, according to data from Knight Frank India. Despite a 3 per cent year-on-year dip and an 11 per cent decline from July, experts suggest the housing market continues to be driven by strong end-user confidence.Stamp duty collections for the month stood at Rs 10 billion, down 6 per cent from Rs 10.62 billion in August 2024. However, cumulative performance from January to August 2025 paints a strong picture—over 99,869 registrations we..

Arkade Buys MMR Land Parcel for Rs 1.48 Billion

Mumbai-based real estate firm Arkade Developers Ltd announced on Wednesday that it has acquired a 14,364 sq metre land parcel in the Mumbai Metropolitan Region (MMR) for Rs 1.48 billion.In a regulatory filing, the company stated that it has entered into a memorandum of understanding (MoU) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd, which owns the Bhandup (West) land parcel.“The proposed acquisition includes a land parcel measuring 14,363.60 square metres located in Bhandup (West), Mumbai. The total consideration for the deal is Rs 1.48 billion,” the filing r..

Amazon Signs Rs 400 Million Lease for Hooghly Warehouse

Amazon Seller Services, the marketplace division of Amazon Inc., has leased 560,000 sq. ft of warehousing space in West Bengal’s Hooghly district as part of its nationwide expansion of fulfilment infrastructure.The upcoming facility, set to serve as a fulfilment centre (FC), has been pre-leased from Nahar Industrial Enterprises Ltd. As per documents accessed via real estate analytics platform Propstack, the property handover will occur between January and June 2026, with the lease officially commencing on 1 June 2026. The agreement spans a period of 20 years.Amazon will pay a monthly rent of..