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Faridabad Icon Project Construction Begins
19 Mar
Summary
- Bhumika Realty commenced construction of its mixed-use development, The Icon.
- The Icon project secured Rs. 170 crore in institutional funding.
- Over 81,156 sq. ft. of retail space was leased within two months.
Bhumika Realty has officially commenced construction on its prominent mixed-use development, The Icon, situated on the Delhi-Mathura Road in Faridabad. A Bhoomi Pujan ceremony marked this significant milestone for the project.
The development had previously secured substantial institutional funding, raising Rs. 170 crore from BGO in partnership with Aditya Birla Sun Life AMC. This financial backing highlights strong investor confidence.
Further demonstrating market enthusiasm, over 81,156 sq. ft. of retail space within The Icon was leased within a remarkably short two-month period following its launch.
This Rs. 700-crore mixed-use development by Bhumika Group will encompass approximately 5 acres. It is designed to offer an integrated lifestyle, featuring premium retail and entertainment zones alongside 88 low-density 3BHK + study residences. Future plans also include a hotel tower with serviced suites.
The project boasts strategic positioning on the Delhi-Mathura Road, poised to benefit from enhanced regional connectivity. Improvements such as the upcoming Faridabad-Noida-Gurugram (FNG) Expressway and better access to the Noida International Airport in Jewar are anticipated.
