Question 1

Is The Icon Faridabad a good investment?

Accepted Answer

The Icon Faridabad is a credible investment for buyers who want pre-launch pricing on a mixed-use development directly on NH-19 in Sector 27A. It is HRERA-registered (HRERA-PKL-FBD-793-2025), starts from ₹50 L on smaller inline units, and is structured to capture both Faridabad-internal retail demand and Delhi-border highway flow.

Question 2

What is the price of The Icon Faridabad?

Accepted Answer

Prices at The Icon Faridabad start from ₹50 L for smaller-format inline units. A 300 sq.ft. anchor-retail unit on Level 1 carries a net Basic Sale Price of ₹84.00 L — equivalent to ₹28,000 per sq.ft. after applicable pre-launch and channel-partner discounts.

Question 3

What is the HRERA registration of The Icon Faridabad?

Accepted Answer

The Icon Faridabad is registered under Haryana Real Estate Regulatory Authority (HRERA) project number HRERA-PKL-FBD-793-2025, regulated by the HRERA Panchkula bench. The authorized channel partner (Vansh Setia) holds HRERA agent registration HRERA-PKL-REA-3126-2024, valid until 21.10.2029.

Question 4

Who is the authorized channel partner for The Icon Faridabad?

Accepted Answer

The authorized channel partner for The Icon Faridabad is Vansh Setia, operating under HRERA agent registration HRERA-PKL-REA-3126-2024 (valid until 21.10.2029). theiconfaridabad.in is the channel partner's official enquiry and lead-capture site for the project.

Question 5

How do I book a unit at The Icon Faridabad?

Accepted Answer

Booking The Icon Faridabad is a five-step process: enquire via theiconfaridabad.in, receive price sheet + floor plan on WhatsApp within 10 minutes, schedule a site visit at NH-19 Sector 27A opposite Metro Pillar 627, finalise unit selection with the HRERA-registered channel partner, and complete payment per the published payment plan.

Question 6

What are the amenities and features at The Icon Faridabad?

Accepted Answer

The Icon Faridabad is structured as a four-asset-class mixed-use development on NH-19 in Sector 27A: anchor retail formats, inline retail (shops and kiosks), premium residences, and luxury hospitality. The project enjoys direct NH-19 frontage opposite Metro Pillar 627 and walking-distance access to the Mewla Maharajpur Metro station on the Violet Line.

Question 7

When will The Icon Faridabad be ready for possession?

Accepted Answer

The Icon Faridabad's possession timeline is registered with Haryana RERA under project HRERA-PKL-FBD-793-2025 and follows the milestone schedule filed there. For the current unit-specific possession commitment, prospective buyers should request the latest milestone update from the channel partner and verify it against the HRERA portal before any financial commitment.

Question 8

What payment plan options does The Icon Faridabad offer?

Accepted Answer

The Icon Faridabad's payment plans are filed with Haryana RERA under project HRERA-PKL-FBD-793-2025 and routed through the developer's RERA-mandated escrow account. Standard options at this category of mixed-use project include construction-linked and time-linked plans; the channel partner shares unit-specific options on the cost sheet.

Question 9

Is Bhumika Realty a trustworthy developer?

Accepted Answer

The Icon Faridabad's developer is Bhumika Realty — operating through Bhumika Shopping Centre India Pvt. Ltd. (CIN U70100DL2019PTC351009), registered office at 19, Community Centre, 2nd Floor, East of Kailash, New Delhi – 110065. Trustworthiness should be assessed on three signals: HRERA project filings, prior NCR project track record, and corporate-disclosure transparency.

Question 10

What is the best time to invest in Faridabad commercial real estate?

Accepted Answer

The best time to invest in Faridabad commercial real estate is at the pre-launch / early-RERA stage of an NH-19-frontage project. Entry pricing is at its lowest, the developer's escrow framework is freshly disclosed, and capital growth happens as the broader market re-prices the asset over subsequent launch phases.

Question 11

What is the stamp duty for commercial property in Haryana?

Accepted Answer

Stamp duty on commercial property in urban Haryana — including Faridabad and Gurugram — is currently 7% of the transaction value (5% stamp duty plus 2% additional cess), with an additional 1% registration fee. So total registry cost is approximately 8% of the property value.

Question 12

What is BSP, EDC, IFMS, and PLC in real estate?

Accepted Answer

BSP is the Basic Sale Price of the unit (the headline rate × area). EDC is External Development Charges levied by the state to fund infrastructure around the project. IFMS is Interest-Free Maintenance Security — a refundable deposit for common-area upkeep. PLC is the Preferential Location Charge for units with better positioning (corner, floor, view).

Question 13

What is the GST rate on under-construction commercial property?

Accepted Answer

GST on under-construction commercial real estate in India is 12% with Input Tax Credit (ITC) available to the developer, who passes the benefit to buyers via lower BSP. Ready-to-move commercial property carries no GST. Stamp duty and registration are separate from GST.

Question 14

How do I verify the HRERA registration of a project?

Accepted Answer

Visit haryanarera.gov.in, navigate to 'Search Project', enter either the HRERA project number (e.g. HRERA-PKL-FBD-793-2025) or the builder name. The portal returns the registered project details, milestone schedule, escrow account information, and any compliance notices.

Question 15

What is the difference between Carpet Area, Built-up Area, and Super Built-up Area?

Accepted Answer

Carpet Area is the actual usable floor area inside the unit (where you can lay carpet). Built-up Area adds wall thickness + balconies/utility areas (~10-15% more than Carpet). Super Built-up Area adds the buyer's proportionate share of common areas like lobbies, lifts, staircases, amenities (~20-40% more than Carpet).

Question 16

What is the rental yield on commercial property in Faridabad?

Accepted Answer

Gross commercial rental yields in Faridabad typically range 5-8% — meaningfully higher than residential's 2-3%. NH-19 frontage commercial (Sectors 25-31) and the Sector 16 commercial spine clear yields at the upper end of that range, while Greater Faridabad commercial (Sectors 75-89) currently clears at the lower end as the catchment builds out.

Question 17

How far is Mewla Maharajpur Metro from The Icon, Sector 27A Faridabad?

Accepted Answer

Mewla Maharajpur Metro station, on the Violet Line, is within walking distance of The Icon — approximately 600-800 metres along the NH-19 service road. From there, direct Metro connectivity to Central Secretariat (about 45 min), Kashmere Gate (about 55 min) and South Delhi via interchange.

Question 18

What are the TDS rules on a commercial property purchase in India?

Accepted Answer

Under Section 194-IA of the Income Tax Act, any property purchase with a transaction value of ₹50 lakh or more requires the buyer to deduct 1% TDS at each payment milestone and deposit it with the Income Tax Department within 30 days. Applies equally to commercial and residential, under-construction or ready-to-move.

Question 19

What is the difference between freehold and leasehold commercial property?

Accepted Answer

Freehold property gives perpetual ownership of both the land and any structure on it. Leasehold gives the right to use the land for a fixed term (usually 99 years) granted by the freeholder (often a government authority). Conversion to freehold is often possible by paying a conversion premium.

Question 20

Is Sector 27A Faridabad a safe area to invest in commercial real estate?

Accepted Answer

Sector 27A Faridabad is a strategically located micro-zone — directly on NH-19, the Delhi-Mathura highway. It sits at the inflection between mature Faridabad residential (Sectors 16, 25, 26, 28, 29, 31) and the Delhi-border highway corridor. Safety, infrastructure and demand signals are all supportive of commercial investment.

Question 21

What other projects has Bhumika Realty developed in the NCR?

Accepted Answer

Bhumika Realty operates under Bhumika Shopping Centre India Pvt. Ltd. (CIN U70100DL2019PTC351009), part of the Bhumika Group with registered office at 19, Community Centre, 2nd Floor, East of Kailash, New Delhi – 110065. Verify the current portfolio at bhumikagroup.com and HRERA filings at haryanarera.gov.in.

Question 22

Which is the best floor for retail investment in a commercial complex?

Accepted Answer

Ground floor and Level 1 typically command the highest retail rents in Indian commercial complexes — Ground for daily-needs and walk-in retail, Level 1 for branded anchor and showroom formats. Upper retail floors (Level 2-3) are often F&B and entertainment; office floors above sit on different economics entirely.

Question 23

How does the channel-partner discount work at The Icon Faridabad?

Accepted Answer

The Icon's channel-partner discount is built into the net pre-launch pricing — the headline rate of ₹30,000/sq.ft. on anchor retail becomes ₹28,000/sq.ft. net after a ₹1,000 pre-launch discount and a ₹1,000 channel-partner discount. The buyer pays no fee to the channel partner; the partner is remunerated by the developer.

Question 24

What loan options are available for commercial property purchase in India?

Accepted Answer

Commercial property loans in India are offered by major banks (HDFC, ICICI, Axis, SBI, Bank of Baroda) and NBFCs (Bajaj Finance, Tata Capital) at Loan-to-Value typically 50-65% for under-construction property and 60-75% for ready-to-move, with tenures up to 20 years. Interest rates run 1-1.5% above comparable home-loan rates.

The Icon Faridabad — every buyer question, answered