Bhumika Group has announced the launch of its mixed-use development, “The Icon”, in Faridabad, backed by a Rs 700 crore investment and an estimated sales realisation of approximately Rs 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.
Project timelines and phased development
The total construction timeline is 4 years and 3 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.
Pricing and early retail traction
Residential units are priced at Rs 15,500 per sq. ft., while retail stores are being leased at a rate of Rs 200–250 per sq. ft. on the ground floor, with some leading brands such as Apple, Samsung, Vivo, etc. already locked in.
Leadership insight: Bhumika Group
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.”
Leadership insight: Industry outlook for Faridabad
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.”
