Bhumika Group Unveils ‘The Icon’ in Faridabad with ₹700 Crore Investment

Real estate developer Bhumika Group has announced the launch of The Icon, a large-scale mixed-use development in Faridabad, marking a significant addition to the city’s evolving real estate landscape. Backed by an investment of around ₹700 crore, the project is expected to generate a sales realisation of nearly ₹1,500 crore.

Positioned as a lifestyle-led destination, The Icon brings together premium residential living, high-end retail, entertainment, and hospitality under one integrated development. At launch, the project offers 88 exclusive low-density residential units configured as 3 BHK plus study homes, each supported by dedicated staff accommodation.

A major highlight of the development is its expansive 30,000+ sq. ft. clubhouse, which is set to be among the largest and most comprehensive in Faridabad. Residents will have access to a wide range of amenities including a swimming pool, spa, meditation zones, sports facilities, walking tracks, concierge areas, and curated dining spaces designed to elevate everyday living.

The residential offering is complemented by luxury retail and entertainment zones on the lower levels. The retail segment will host premium brands, gaming zones, and multiple fine-dining restaurants with alfresco seating. According to the developer, leading global and consumer electronics brands such as Apple, Samsung, and Vivo have already been finalised as tenants. Retail spaces on the ground floor are being leased at ₹200–250 per sq. ft., while residential units are priced at ₹15,500 per sq. ft.

• ₹700 crore investment with projected sales of ₹1,500 crore

• 88 low-density luxury residences with large lifestyle amenities

• Integrated retail, dining, entertainment, and hospitality components

Construction for the project is expected to be completed over a period of four years and three months. All 88 residential units have been released in the first phase itself. In the next phase, Bhumika Group plans to introduce a premium hotel tower featuring internationally styled suites targeted at business travellers and long-stay guests, further strengthening the project’s mixed-use character.

Commenting on the launch, Uddhav Poddar, Chairman and Managing Director of Bhumika Group, said the project reflects the company’s long-term approach to building integrated urban environments. He highlighted the focus on architectural detailing, lifestyle-driven amenities, sustainability features, and the seamless integration of residential, commercial, and hospitality components.

Siddharth Katyal, CEO of Bhumika Realty, noted that Faridabad is entering a new growth phase driven by infrastructure upgrades, improved expressway connectivity, and the rise of organised townships. He added that buyers and investors are increasingly recognising the city’s long-term potential beyond traditional NCR micro-markets, with expectations of steady appreciation and rental demand.

Targeted at families, professionals, and investors across Delhi–NCR, The Icon is designed to offer low-density luxury living combined with modern architecture, enhanced security, and future-ready infrastructure. With its integrated retail and hospitality elements, the development aims to create a self-sustained urban ecosystem aligned with Faridabad’s next phase of real estate growth.