Bhumika Group, a leading real estate developer headquartered in Rajasthan, is expanding its retail portfolio in NCR with the addition of 8.5 lakh square feet of new space. Their current projects include a 5.5 lakh sq ft retail development in Faridabad located on a prime 2-acre Mathura Road frontage. They are also developing 3 lakh sqft under a PPP scheme and have started work on an NHPC Metro station redevelopment. The new projects are being funded through internal cash flows and bank loans, demonstrating Bhumika's strong financial position. Their innovative Urban Square Mall in Udaipur achieved full occupancy with over 80 domestic and international brands, revolutionizing shopping in Rajasthan.
Bhumika Group is adding an additional 8.5 lakh square feet of retail space to their portfolio this year. Headquartered in Rajasthan, Bhumika Group's rapid growth and expansion will help them become a significant real estate player in the NCR market.
Bhumika Group's current projects include a 5.5 lakh sq. ft. retail project located in Faridabad, as well as 3 lakh sq.ft. under the Government's PPP scheme. The company has already commenced their partnership with Government Authorities, and have begun developing the NHPC Metro Station. The retail development in Faridabad boasts a substantial two-acre frontage along Mathura Road, situated in the central area of the capital city.
Uddhav Poddar, the Managing Director of Bhumika Group said that the company is excited about their growth, as well as the potential of Faridabad and NCR in the realty market. According to him, the company's strategic plans include tapping into the potential of Faridabad and providing residents and visitors of the city with new and exceptional retail spaces.
The funding for the current project includes a mix of internal cash flow and financial institutions, which highlights Bhumika Group's strong financial standing and reputation in the industry. Their strong market position is evidenced by their impressive sales record, which is driven by their focus on innovative design. For instance, their latest venture, Urban Square Mall in Udaipur, has achieved full sales capacity and houses more than 80 lifestyle brands from both domestic and international markets, thereby revolutionizing shopping in Rajasthan.
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