Construction Begins with Bhoomi Pujan Ceremony
Bhumika Realty has commenced construction of its mixed-use development, The Icon, located on the Delhi–Mathura Road in Faridabad. The milestone was marked by a Bhoomi Pujan ceremony held at the project site, symbolising the formal start of development.
Strong Institutional Backing
The project previously secured institutional funding of ₹170 crore from BGO in partnership with Aditya Birla Sun Life AMC. Reflecting strong market confidence, over 81,156 sq. ft. of retail space was leased within just two months of launch.
Project Scale and Development Vision
Spread across approximately 5 acres, The Icon is part of Bhumika Group’s larger ₹700-crore mixed-use development in Faridabad. The project will feature premium retail and entertainment spaces alongside 88 low-density 3BHK + study residences, designed to offer an integrated lifestyle environment.
A hotel tower with serviced suites is also planned as part of a later phase, further enhancing the project’s mixed-use appeal.
Retail Leasing Momentum
The development has already attracted a strong mix of brands across fashion, electronics, lifestyle, and F&B categories, indicating robust demand for organised retail in the region.
Strategic Location Advantage
Positioned along the Delhi–Mathura Road, the project is expected to benefit from improving connectivity infrastructure, including the upcoming Faridabad–Noida–Gurugram Expressway and proximity to the Noida International Airport, enhancing its accessibility and long-term growth potential.
Leadership Perspective
“The Bhoomi Pujan and commencement of construction represent a significant milestone for The Icon. Securing the funding reflects the confidence of the country’s leading institutional lenders, and the fact that over 81,156 sq. ft. was leased in a short span after launch speaks about stakeholders’ confidence both in the project and in the company, as well as in Faridabad’s growth trajectory,” said Uddhav Poddar, CMD, Bhumika Group.
