Business

Bhutani Infra To Redefine Luxury In Noida Sector 32 By Investing Rs 600 Crore In Housing Project

Uttar Pradesh’s Noida city is gearing up to introduce its most luxurious residential offering to date. Bhutani Infra, a prominent real estate enterprise based in the National Capital Region (NCR), is spearheading an ultra-luxury housing venture in Sector 32 of Noida. This development is set to redefine opulence, as it encompasses a mixed-use concept featuring an upscale shopping mall alongside approximately 60 lavish and spacious apartments.

Ashish Bhutani, the CEO of Bhutani Infra, shared with Moneycontrol that the projected investment for this grand endeavour is expected to hover around Rs 600 crore. Prospective homebuyers can anticipate apartment prices to commence at approximately Rs 12 crore. The scale and extravagance of this project are unprecedented in Noida’s real estate landscape.

According to Ashish Bhutani, the complex will exude opulence and boast generously sized apartments. A mere 60 residences will be available, starting from a spacious 5,000 square feet. The official launch of this pioneering initiative is anticipated to take place by year’s end. However, it’s important to note that the final pricing may vary based on factors like the apartment’s size and floor level.

Also Read: Godrej Consumer Products To Invest In Tamil Nadu, Generate 400 Job Opportunities

Strategically located near the Logix City Centre Mall, this project is designed to stand out with a towering 30-story structure. The first four floors will house an upscale mall, while the remaining floors will be designated for residential use. Bhutani emphasized that the housing complex and the mall will feature separate entrances and exits. The estimated timeline for the project’s completion is set at approximately 42 months from the commencement of construction.

Bhutani Infra, originally known as Parmesh Complexes when it began its operations in 1996 in Delhi’s Karkardooma area, has an impressive track record of nearly 14 successful projects. Notable recent offerings include the I-Thum IT Park in Sector 62, Noida, and Alphathum, a business park in Sector 90. Bhutani Infra is currently focused on the development of two commercial projects: Bhutani Cyberthum and Avenue 62 in Noida. Bhutani Cyberthum is expected to be delivered by June 2024.

Noida is renowned for its housing societies, and following individual homes, this project aims to redefine luxury living. Currently, the most sought-after neighbourhoods on 99acres.com are Sector 75 and Sector 137, with corresponding price ranges of Rs 8500/square foot and Rs 5700/square foot.

Also Read: Caught On CCTV: BJP Leader Anuj Chaudhary Shot Dead Outside Moradabad Home

Malika Sahni

Recent Posts

Waqf (Amendment) Bill To Be Tabled In Rajya Sabha After Lok Sabha Approval

The Waqf (Amendment) Bill which cleared the Lok Sabha, is set to be introduced in…

9 mins ago

Lok Sabha Passes Waqf (Amendment) Bill After Intense Debate

The Lok Sabha approved the Waqf (Amendment) Bill in the early hours of Thursday following…

25 mins ago

KKR vs SRH IPL 2025: Match Details, Head-To-Head Record, And Where To Watch

Kolkata Knight Riders (KKR) will face Sunrisers Hyderabad (SRH) in Match 15 of the Indian…

1 hour ago

Parliament Passes Immigration And Foreigners Bill For Enhanced Security

Parliament approved the Immigration and Foreigners Bill, 2025, on Wednesday, which aims to regulate the…

2 hours ago

PM Modi Heads To Thailand For 6th BIMSTEC Summit; Strengthen Regional Relations

Prime Minister Narendra Modi headed for Bangkok on Thursday to attend the 6th BIMSTEC Summit…

3 hours ago

Delhi High Court Stays Appointment Of Anilkumar Prabhakaran As AIFF General Secretary

The Delhi High Court has stayed the appointment of Anilkumar Prabhakaran as the General Secretary…

4 hours ago