Bhumika Group Signs Commercial Joint Venture Deal in Faridabad, NCR with Amolik Group

Bhumika Group Signs Commercial Joint Venture Deal in Faridabad, NCR with Amolik Group

Rajasthan’s Bhumika Group is expanding into the National Capital Region (NCR) with its first commercial project: a high-street retail development in Faridabad. Bhumika Group Makes NCR Debut with ₹600 Crore High-Street Project in Faridabad. Bhumika group has entered into Joint Venture agreement with Amolik Group in Faridabad to develop high street commercial complex.

Project Highlights:

• Location: Mathura Road, Faridabad, Haryana (Sector 21)
• Project Type: High-Street Retail
• Investment: ₹600 crore
• Land Area: 5 acres
• Saleable Area: 5.5 lakh sq ft
• Estimated Revenue: ₹1,000 crore
• Project Timeline: 4 years (single phase)

Partnership:

• Bhumika Group has partnered with a Faridabad-based developer (Amolik Group) who owns the 5-acre land parcel.

Funding:

• Pre-sales
• Internal cash flow
• Institutional investments

Future Plans:

• Bhumika Group plans to launch a residential project in Faridabad in the future.

Quote:

• Uddhav Poddar, Managing Director, Bhumika Group:
  • “We are proud to introduce this high-street project… The development will be carried out in a single phase, with an estimated construction timeline of 4 years.”

Additional Notes:

• Bhumika Group will retain leasing rights to ensure a diverse tenant mix within the retail space.
• The project is expected to generate ₹1,000 crore in sales.

Overall, this project marks Bhumika Group’s entry into the NCR market and signifies their continued growth as a prominent developer.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in