Bhutani Infra unveils ₹5,000-cr realty projects

The Delhi-based commercial real estate player, Bhutani Infra has targeted to invest ₹5,000 crore in the next three years for developing three commercial real estate projects in Noida and Greater Noida and will deliver about 16 mn sq ft. The company plans to sell 75% of the area and give 25% space on lease. It is currently developing three commercial projects -- Bhutani Alphathum, Bhutani Grandthum and Bhutani Cyberthum in Noida and Greater Noida. Ashish Bhutani, CEO, Bhutani Infra informed that the COVID-19 pandemic has affected every industry including the real estate, but there has been no impact on the Grade-A office market in Noida and Greater Noida. Demand has increased in the twin cities because of cost advantage compared to Gurugram. The company has also planned 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.