Bhumika Realty has raised Rs. 170 crore from Aditya Birla Sun Life AMC in partnership with BGO for its recently launched mixed-use project in Faridabad. The investment has been made through the joint real estate credit platform of Aditya Birla Sun Life AMC and BGO and will be utilised towards construction funding, development momentum and working capital requirements, reinforcing institutional confidence in Bhumika Realty’s project execution capability and market positioning.
Cushman & Wakefield acted as the transaction advisor for the deal.
The project, which was launched recently, achieved full financial closure within three weeks of launch, a timeline that reflects strong lender confidence, disciplined project structuring and prudent financial planning by Bhumika Realty. Industry observers see this as a positive signal for institutional appetite towards well-located, execution-ready mixed-use developments.
Strategically located in Faridabad, the project is designed as a modern mixed-use destination combining retail, commercial and lifestyle components. The micro-market continues to benefit from improving regional connectivity and infrastructure upgrades, positioning Faridabad as a natural extension of Delhi’s urban growth.
“This investment reflects the growing institutional confidence in our development philosophy and execution capabilities. Faridabad is entering a new phase of organised urban growth, supported by infrastructure and rising end-user demand. Closing financial arrangements within weeks of launch reinforces the strength of the project fundamentals and our disciplined approach to capital deployment. We have launched this project as a long-term city asset rather than a short-term commercial opportunity,” commented Uddhav Poddar, CMD, Bhumika Group.
“India’s real estate sector has witnessed unprecedented growth in recent years with record capital deployment from both domestic and foreign investors. Our partnership with Bhumika Group is a testament to our shared vision of supporting high-value projects and driving long-term value creation,” said A. Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd.
“The demand for integrated mixed-use environments in Faridabad/NCR has never been stronger. We believe the modern consumer is seeking more than just a property and this seamless live-work-play ecosystem provides just that. Our investment in this project is driven by the conviction, and we are proud to back a development that addresses this market gap,” stated Akshat Pandya, Head, Real Estate, Aditya Birla Sun Life AMC Ltd.
“We are pleased to partner with Bhumika Group for their marquee project in Faridabad. Following our recent deployment in Gurugram and having crossed the $100 million commitment milestone, we are excited to expand our portfolio with this project. Our partnership with Aditya Birla Sun Life AMC has allowed us to consistently identify Grade-A assets, and this latest investment reinforces our shared conviction in the structural growth of India's real estate sector,” stated Bharat Khanna, Head of India at BGO.
Aditya Birla Sun Life AMC Ltd and BGO had announced their collaboration to form a structured credit investment vehicle in June 2022, offering strategic financing solutions. Ever since, the platform has successfully committed USD 130 Million to invest in thirteen projects spread across six cities, focusing on post approval real estate projects with established partners. With the robust deal pipeline under negotiation and a thriving Indian real estate market, the platform targets to achieve $1 Billion of deployed capital under this strategy by 2028.
“Faridabad, with its strategic proximity to Delhi, is poised to benefit significantly from upcoming infrastructure initiatives such as the FNG (Faridabad–Noida–Gurugram) Expressway and enhanced connectivity to the Noida International Airport in Jewar. These developments will accelerate growth and create new opportunities across the region. We are proud to have facilitated this landmark partnership between the BGO – Aditya Birla Sun Life platform and Bhumika Group to leverage this opportunity and deliver a prime mixed-use development that will shape the future of Faridabad,” said Somy Thomas, Executive Managing Director, Capital Markets, Cushman & Wakefield India highlighting the strategic importance of the location.
Bhumika Realty, part of the Bhumika Group, has built a strong track record across retail-led mixed-use developments and commercial assets, with projects operational and under development across North and Western India. The company continues to expand its footprint in high-growth urban corridors backed by institutional partnerships and disciplined capital management.
The transaction highlights sustained institutional confidence in NCR’s mixed-use development potential, particularly in micro-markets benefitting from new transport infrastructure and regional economic expansion.
