Bhumika Group Launches ‘The Icon’ in Faridabad with ₹700 Cr Investment

New Delhi, December 12, 2025: Realty developer Bhumika Group has announced the launch of its mixed-use development, ‘The Icon’, in Faridabad, backed by a INR 700 crore investment and an estimated sales realisation of approximately INR 1,500 crore. The project will feature 88 premium low-density residential units in 3 BHK + Study along with staff accommodation configurations, and a large 30,000+ sq. ft. clubhouse and dedicated recreation spaces for the residents including a swimming pool, spa, meditation room, sports facilities, walking track, dedicated dining spaces, concierge spaces, etc., which will be one of a kind in Faridabad. The high-end residential will be complemented with high-end luxury retail, entertainment options such as a gaming zone, and multiple premium restaurants with alfresco dining options, and also a premium hospitality component.

The total construction timeline is four years and three months. All 88 residential units have been introduced in the initial launch. Phase 2 will introduce a Premium Hotel Tower featuring internationally styled suites designed for business travellers and long-stay guests, strengthening the project’s positioning as a complete lifestyle destination.

Residential units are priced at INR 15,500 per sq. ft., while retail stores are being leased at a rate of INR 200–250 per sq. ft. on the ground floor, with some leading brands such as Apple, Samsung, Vivo, etc. already locked in.

Uddhav Poddar, CMD, Bhumika Group, said, “The Icon reflects our long-term vision of developing spaces that go beyond construction and create meaningful urban ecosystems. Our focus has always been on building thoughtfully planned developments that balance design, functionality, and future-readiness. With this project, we have placed strong emphasis on architectural detailing, lifestyle-driven amenities, sustainability features, and integrated commercial and hospitality elements.”

Siddharth Katyal, CEO, Bhumika Realty, said, “Faridabad is entering a defining growth phase, driven by large-scale infrastructure upgrades, improved expressway connectivity, and the emergence of integrated townships. We are witnessing a clear shift in buyer sentiment, where homebuyers and investors are actively looking beyond traditional micro-markets and recognising the long-term potential of well-planned developments. Over the next few years, Faridabad has the potential to deliver steady appreciation, strong rental demand, and more organised, township-led development, and The Icon is designed to align perfectly with this next phase of growth.”

Designed for families, professionals, and investors across Delhi–NCR, the project caters to end-users looking for a modern mixed-use destination that combines exceptional connectivity with long-term value creation. The development brings together low-density luxury living, modern architecture, high-end specifications, upgraded security, sustainability features, integrated retail, and hospitality-led footfall, creating a future-ready urban ecosystem with strong long-term appreciation potential.