137
/
3
Min Read
Bhumika Realty has secured ₹170 crore in funding from Aditya Birla Sun Life AMC, in partnership with global investment manager BGO, for its recently launched mixed-use development in Faridabad. The investment has been made through the joint real estate credit platform of Aditya Birla Sun Life AMC and BGO and will be utilised for construction funding, accelerating development momentum and meeting working capital requirements.
Cushman & Wakefield acted as the transaction advisor for the deal. Notably, the project achieved full financial closure within just three weeks of its launch, underscoring strong lender confidence, disciplined project structuring and prudent financial planning by Bhumika Realty. Industry experts view the swift closure as a positive indicator of rising institutional appetite for well-located, execution-ready mixed-use developments.
Strategically located in Faridabad, the project is envisioned as a modern mixed-use destination integrating retail, commercial and lifestyle components. The micro-market continues to gain traction due to improving regional connectivity and ongoing infrastructure upgrades, positioning Faridabad as a natural extension of Delhi’s urban growth corridor.
Commenting on the development, Uddhav Poddar, CMD, Bhumika Group, said the investment reflects growing institutional confidence in the company’s development philosophy and execution capabilities. He added that Faridabad is entering a new phase of organised urban growth, supported by infrastructure development and rising end-user demand, and that the project has been conceived as a long-term city asset.
Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd, highlighted the unprecedented growth in India’s real estate sector and said the partnership with Bhumika Group aligns with the firm’s vision of supporting high-quality projects that create long-term value. Akshat Pandya, Head – Real Estate, Aditya Birla Sun Life AMC Ltd, noted the growing demand for integrated live-work-play environments in Faridabad and NCR, adding that the investment addresses a clear market opportunity.
Bharat Khanna, Head of India at BGO, said the firm is pleased to partner with Bhumika Group on its marquee Faridabad project, following recent deployments in Gurugram and crossing the $100 million commitment milestone in India. He added that the investment reinforces BGO’s confidence in the structural growth of India’s real estate sector.
Aditya Birla Sun Life AMC and BGO had formed a structured credit investment platform in June 2022, which has since committed USD 130 million across 13 projects in six cities. The platform targets deploying $1 billion under this strategy by 2028.
Somy Thomas, Executive Managing Director, Capital Markets, Cushman & Wakefield India, said Faridabad is poised to benefit significantly from upcoming infrastructure initiatives such as the Faridabad–Noida–Gurugram (FNG) Expressway and improved connectivity to the Noida International Airport at Jewar, which are expected to unlock new growth opportunities in the region.
The transaction underscores sustained institutional confidence in NCR’s mixed-use development potential, particularly in micro-markets benefiting from infrastructure-led growth and regional economic expansion.
