Bhutani Infra to develop 16 million square feet in Noida, to invest Rs 5,000 crore
Bhutani Infra is developing three projects – Alphathum, Grandthum, and Cyberthum in Noida, which are at various stages of construction.
Noida-based real estate developer Bhutani infra will invest Rs 5,000 crore in developing 16 million square feet of Grade A office space in the next three years.
Bhutani Infra is developing three projects – Alphathum, Grandthum and Cyberthum in Noida, which are at various stages of construction. The company, which has already delivered 5 million square feet, looks to retain 30% of the portfolios and might come up with REIT later.
“The Covid-19 pandemic has affected every industry including the real estate. However, there has been no impact on the Grade A office market in Noida and Greater Noida,” said Ashish Bhutani, CEO, Bhutani Infra.
Located at Sector 90, Noida Bhutani Alphathum, which will be delivered in March next year, offers around 35 lakh sq ft of office spaces and a shopping mall spread across 7 lakh sq ft.
The project also offers 500 studio apartments. The company is also developing Bhutani Grandthum, a high street retail destination.
Spread in an area of 23 acres, it offers close to 6,00,000 Sq ft for high street retail. The company’s third project – Bhutani Cyberthum is being developed across 27 acres.