Bhutani Infra To Invest 5,000 Cr in Commercial Projects

Delhi-NCR-based commercial real estate firm Bhutani Infra is planning to invest Rs 5,000 crore over the next three years for developing three commercial real estate projects in Noida and Greater Noida and deliver close to 16 mn sq ft.  The company plans to sell 75 percent of the area and give 25 percent space on lease. Bhutani Infra is currently developing three commercial projects -- Bhutani Alphathum, Bhutani Grandthum and Bhutani Cyberthum in Noida and Greater Noida. The company also has plans to expand into luxury retail as well as high-end residential segments. This festive season, the company is offering a scheme wherein buyers can get the annual return in advance after making the down payment. It is a 50:25:25 plan and will be available on the company’s commercial projects in Noida. The group is expecting a revenue of Rs 1,000 crore during the festival season.