Skip to main content

Bhutani Infra Acquires Noida's Logix City Center for ₹1,000 Crore

Bhutani Infra has made a strategic acquisition of the Logix City Center in Noida’s Sector 32 for nearly ₹1,000 crore, including renovation costs. The company announced the deal on November 11, marking a significant addition to its growing portfolio.

Bhutani Infra Acquires Logix City Center, Noida for ₹1,000 Crore
Bhutani Infra Acquires Logix City Center, Noida for ₹1,000 Crore

The retail hub will be rebranded as Bhutani City Center 32. Bhutani Infra plans to revamp the property, which will now host luxury brands and a 5-star hotel to cater to the high-net-worth individuals (HNIs) in the vicinity, within a 2 km radius.

In a statement, Ashish Bhutani, CEO of Bhutani Infra, highlighted that the acquisition aligns with the company’s growth strategy, emphasizing the creation of integrated spaces for work, leisure, and lifestyle. He further stated that the demand for premium, mixed-use developments in Noida has surged by 35% over the past year, positioning the new project to capitalize on this growth.

With this acquisition, Bhutani Infra aims to reshape urban development by transforming the property into a high-performing asset that meets the changing demands of modern consumers. The company sees the revamped Bhutani City Center 32 as a key player in the region’s future urban landscape.

This move comes amid a broader retail growth trend in India, with Hyderabad, Delhi NCR, and Mumbai leading in retail leasing activity, as reported by Cushman & Wakefield. Notably, high-street leasing dominated the retail landscape, accounting for 68% of the total leased space in Q3 2024, with rental growth recorded at 15% year-on-year.

Labels:

Comments

Post a Comment

Popular posts from this blog

A Buyer’s Guide to Essential Documents for Purchasing a Flat

 Purchasing a flat is a significant milestone for many individuals, often representing years of hard work and savings. To simplify the process, we’ve compiled a list of essential documents you need to ensure a smooth home-buying experience. Let’s explore the key paperwork required when buying a house in India. Navigate the journey to your new home with our essential guide to key documents for purchasing a flat!" 1. Sale Deed The sale deed is a vital legal document that formally transfers ownership of the property from the seller to the buyer. This document is essential for future transactions and should be safeguarded by first-time homebuyers. 2. Mother Deed The mother deed outlines the property’s ownership history and is typically issued by government authorities. It is often required by financial institutions when seeking a loan. 3. Sale and Purchase Agreement This agreement details the terms and conditions set by both the buyer and seller, including the property price and payme...
Post a Comment
Read more

Architectural Excellence: Unpacking the Design Philosophy Behind Alcove Realty’s Residential Developments

 Alcove Realty has distinguished itself as a premier builder in Kolkata, celebrated for its architectural excellence and innovative design philosophy. Their residential projects embody the essence of modern living, seamlessly merging aesthetics, functionality, and sustainability. In this article, we will explore the foundational design philosophy that shapes Alcove Realty's residential developments and how it translates into extraordinary living spaces. Discover Alcove Realty: Where architectural excellence meets modern living A Vision of Contemporary Sophistication At the heart of Alcove Realty’s design philosophy is the ambition to create contemporary homes that meet the dynamic needs of urban residents. Each project is thoughtfully conceived and executed, representing a harmonious blend of modern design principles and enduring elegance. The focus remains on crafting spaces that are not just visually stunning but also practical and eco-friendly. One of the defining features of Al...
Post a Comment
Read more

Rangaswamy Ramajayam: Visionary Leader and G Square Owner

 Introduction Rangaswamy Ramajayam, also known as Balaramajeyam, stands at the forefront of the Indian real estate industry as the Managing Director (MD) and G Square Owner of G Square Realtors Private Limited. With a vision to transform the real estate landscape, his efforts have led G Square Realtors to emerge as one of Tamil Nadu's leading property developers. Rangaswamy Ramajayam, the visionary MD and Owner of G Square Realtors G Square Realtors: A Legacy of Excellence G Square Realtors , headquartered in Chennai, specializes in premium residential plotted developments. Over the years, the company has built a reputation for delivering meticulously planned plots in prime locations, offering an unparalleled investment opportunity for homebuyers and investors. Under the leadership of Rangaswamy Ramajayam, the company has achieved remarkable milestones: Significant revenue growth and consistent EBITDA increases. Expansion across multiple cities in South India, including Chennai, C...
Post a Comment
Read more