Mall developer Bhumika Group signs new commercial project on Gurgaon’s MG Road

Mall development and real estate business Bhumika Group has signed a new commercial project on Gurgaon’s MG Road to secure a one-acre land parcel, strengthen its footprint in the national capital region, and enter the Gurgaon market.

“We are excited to establish our presence in the Gurgaon market with our new commercial project at MG Road,” said Bhumika Group’s managing director Uddhav Poddar in a press release. “This is our third major project acquisition in NCR in the past six to 12 months, following the mixed-use development in Faridabad, which integrates retail, hospitality, and residential spaces, and our transit infrastructure project with DMRC. Each of these ventures is a testament to our commitment to delivering dynamic commercial spaces that not only enhance the urban landscape but also contribute meaningfully to the region’s economic growth.”
 
The business expects the Gurgaon project to have an overall topline of approximately Rs 300 crore. Bhumika Group had previously announced plans to add 8.5 lakh square feet of retail space in Delhi NCR in 2024.
 
“As we continue to shape the retail landscape, our new MG Road, Gurgaon, project represents a significant milestone in our journey,” said Bhumika Group’s CEO Siddharth Katyal. “Following our successful ventures such as Urban Square Mall in Udaipur and our collaboration with DMRC on the transit infrastructure project, we remain committed to innovation and quality. Each development is designed to stand out, creating exceptional experiences for our stakeholders and further cementing our position as a leader in the industry.”