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Bhumika Realty has raised INR 170 crore from a real estate credit platform backed by Aditya Birla Sun Life AMC and global investor BGO to fund its upcoming mixed-use project in Faridabad. The funding will support construction and working capital needs and was secured shortly after the project launch, highlighting growing investor confidence in the city. Faridabad is emerging as a key real estate destination, driven by improved connectivity, infrastructure upgrades, and rising demand across residential, retail, and commercial segments. Industry leaders say mixed-use developments are gaining preference as buyers and occupiers seek integrated live-work-play environments. The investment reflects sustained interest in NCR markets and the increasing flow of institutional capital into well-structured real estate projects.
Bhumika Realty has raised INR 170 crore from a real estate credit platform backed by Aditya Birla Sun Life AMC and BGO to fund the development of its upcoming mixed-use project in Faridabad. The company said the funds will be used to meet construction expenses and working capital requirements for the project. Advertisement
The funding was arranged through a structured credit platform jointly created by Aditya Birla Sun Life AMC and global real estate investment manager BGO. Property consultancy Cushman & Wakefield facilitated the transaction.
According to Bhumika Realty, the successful closure of the funding soon after the project launch reflects growing investor confidence in Faridabad as an emerging real estate destination. The city has seen rising interest from developers and investors, supported by infrastructure upgrades, improved connectivity, and increasing end-user demand across residential, retail, and commercial segments.
Uddhav Poddar, Chairman and Managing Director of Bhumika Group, said Faridabad is witnessing a shift towards organised urban development. He noted that the ability to secure financing within weeks of launching the project underlines the strength of the project's fundamentals and the company's disciplined approach to capital planning and execution.
Industry participants say Faridabad has gained traction as part of the broader National Capital Region, driven by improved road networks, metro connectivity, and proximity to Delhi and other employment hubs. Mixed-use developments, which combine residential, commercial, and retail components, are increasingly being seen as a preferred format due to changing lifestyle and work patterns.
A Balasubramanian, Managing Director and Chief Executive Officer of Aditya Birla Sun Life AMC Ltd, said India's real estate sector has recorded strong growth in recent years, with record levels of capital deployment from both domestic and international investors. He added that the sector continues to attract long-term capital due to improving transparency, stronger governance, and sustained demand across key markets.
Akshat Pandya, Head of Real Estate at Aditya Birla Sun Life AMC Ltd, said demand for integrated mixed-use developments in Faridabad and the wider NCR has strengthened. He said buyers and occupiers are increasingly looking for developments that offer a complete live-work-play environment rather than standalone properties. The investment, he added, is based on confidence in the project's ability to meet this demand.
Aditya Birla Sun Life AMC and BGO had announced their partnership in June 2022 to create a structured real estate credit investment platform. The platform focuses on providing strategic financing to post-approval real estate projects developed by established partners. So far, it has committed around USD 130 million across thirteen projects in six cities.
With a strong pipeline of deals under discussion, the platform aims to deploy up to USD 1 billion in capital under this strategy by 2028, according to the statement.
Bhumika Realty, part of the Bhumika Group, has an established presence in retail-led real estate development, with projects across Delhi-NCR and Rajasthan. The Faridabad project marks the company's continued focus on mixed-use developments aligned with evolving urban demand.
Source: PTI
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