Real Estate News
Bhumika Group plans branded-residences entry with next Faridabad project
Bhumika Group plans to enter the branded-residences segment with its next project in Faridabad. As of October 19, 2026, the company says discussions for a proposed 5–10-acre site are at an advanced stage.
| Developer | Bhumika Group |
|---|---|
| Proposed location | Faridabad; the specific locality has not been disclosed |
| Proposed site area | 5–10 acres |
| Status | Site discussions were described as being at an advanced stage |
| Company representative | Uddhav Poddar, chairman and managing director |
Plan remains at site-discussion stage
Hindustan Times reported on October 14, 2026, that Bhumika Group plans to enter the branded-residences segment with its next project. Chairman and managing director Uddhav Poddar said discussions for a proposed 5–10-acre site were at an advanced stage.
The report did not name the project or identify a specific Faridabad locality. It also did not announce a launch date, project configuration, unit count, pricing, brand partner, deal value, approvals or RERA registration for the proposal. As of October 19, 2026, the project remains a plan tied to advanced site discussions, rather than an announced launch.
What buyers and investors can take from the announcement
The announcement signals Bhumika’s intended entry into branded residences, but it does not yet provide the project details a buyer would need to compare homes or assess costs. No confirmed price, unit information or launch schedule was reported. The next material development would be a confirmed site or a formal project announcement; the company has not announced a date for either.
Hindustan Times reported that Bhumika had invested more than ₹550 crore in Faridabad land in the 12 months before October 14, 2026, and expected its cumulative land investment in the city to exceed ₹1,000 crore by March 2027. The company cited improving connectivity between Faridabad and the wider NCR, alongside infrastructure development, in explaining its long-term investment outlook. No particular transport link or infrastructure project was tied to the proposed branded-residences site.
Separate projects in the city
The proposed branded-residences project is distinct from The ICON, Bhumika’s mixed-use development on Delhi–Mathura Road. Hindustan Times reported that construction was underway and an experience centre had opened by October 14, 2026. Haryana RERA lists The ICON at Mewla Maharajpur, Sector 27A, under registration HRERA-PKL-FBD-793-2025, approved November 27, 2025. Moneycontrol reported a planned retail mall with development potential of 7 lakh sq ft and a residential tower of 88 apartments, with delivery scheduled for 2030.
Moneycontrol also reported on Bhumika’s planned plotted development in Sector 114, including a 21-acre first township with 200–300-square-yard plots. Poddar said the company planned three plotted townships in different parts of Faridabad. These are separate plans and do not establish the location or details of the branded-residences proposal.
Frequently asked questions
Who is planning the branded-residences project?
Bhumika Group. Its chairman and managing director, Uddhav Poddar, described discussions for the proposed site as being at an advanced stage.
How large is the proposed site?
The reported range is 5–10 acres.
Where in Faridabad will the project be located?
The announcement places the proposal in Faridabad but does not identify a specific locality.
Is the proposed project The ICON?
No. The ICON is a separate mixed-use project on Delhi–Mathura Road. The branded-residences proposal is described as Bhumika’s next project.