Bhumika Group, North India's leading real estate developer headquartered in Rajasthan, is set to emerge as NCR's key realty player in retail space with the addition of 8.5 lakh square feet of retail space by 2024.
This includes the company's 5.5 lakh sq ft retail project in Faridabad and another 3 lakh sq ft under the Public-Private Partnership (PPP) model with various Govt Authorities including at NHPC Metro Station (which the company is already developing).
The retail project in Faridabad has a huge 2-acre frontage along Mathura Road in the heart of the capital city.
Commenting on the significance of the expansion into Faridabad, Uddhav Poddar, Managing Director, Bhumika Group, stated, "We are bullish on NCR's commercial potential and view Faridabad as a key realty growth corridor. We are excited to contribute to its evolution and provide unparalleled shopping experiences to residents and visitors alike. Our expansion plan seeks to capitalise on Faridabad's potential."
The project is being funded through a combination of internal cashflows and FIs, which reflect Bhumika Group's financial stability and industry credibility.
Bhumika Group's stellar track record is further exemplified by the high sales performance driven by their design-centric approach. Their recent project, the Urban Square Mall in Udaipur, has witnessed 100% sales. It features over 80 lifestyle brands from India and abroad and has redefined shopping experiences in Rajasthan.
