Bhumika Group will make an investment of Rs 350 crore in Udaipur, Rajasthan. The company will develop 8.54 lakh sq ft commercial project comprising a mall, office space and a hospitality project along the Delhi-Udaipur highway.
The project will be a part of the second phase of the company’s already functional Urban Square Mall in Udaipur.
The company will develop three lakh sq ft of retail area, 2.5 lakh sq ft area of office space and a 200-room hotel. Phase-I of the Urban Square Mall was launched in November 2022.
The construction of Phase-II will begin from June 2023 onwards after getting remaining necessary approvals. The project will be completed in three years’ time after start of the construction.
The company also plans to develop commercial projects in Rajasthan, Haryana and Delhi.
