Bhumika Group to invest ₹700 cr in mixed-use development in Faridabad

NCR-based developer Bhumika Group will invest Rs 700 crore in developing a mixed-use development in Haryana’s Faridabad, with an estimated sales realisation of approximately Rs 1,500 crore.

 

Spanning around 5 acres, the project will include 88 premium low-density residential units in 3BHK-plus-study configurations, along with staff accommodation.

 

“The high-end residential will be complemented with high-end luxury retail, entertainment options such as a gaming zone, and multiple premium restaurants,” the company stated in an official statement.

 

While residential units will be priced at Rs 15,500 per square foot, retail stores will be leased at a rate of Rs 200 to 250