Bhutani Infra will invest Rs 5,000 crore over the next three years on the development of its ongoing and future projects in Noida and Greater Noida, said a media release.
The company, which mainly focuses on commercial real estate, plans to deliver nearly 16 million sq ft area over the next couple of years.
Bhutani Infra is developing three marquee projects Bhutani Alphathum, Bhutani Grandthum and Bhutani Cyberthum.
Elaborating on the company plans, Ashish Bhutani, CEO, Bhutani Infra said, “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. Infact, the demand has increased in these two cities because of cost advantage compared to Gurugram market. Being a leading commercial real estate developer in these two markets, we are well positioned to cater to this rising demand”.
He said the company is bullish on the office market of Noida and Greater Noida, and therefore is aggressively completing the ongoing projects. “We are also looking to expand our presence and plan to diversify into luxury retail as well as high-end residential segment.”