Bhutani Infra has bought the 'Logix City Centre' in Noida for an estimated INR 1,000 crore, which includes renovation expenses. The 1.2 million square foot project comprises retail spaces, offices, and a hotel. CEO Ashish Bhutani confirmed the purchase from PAG and the Logix group promoters, and the property will now be rebranded as 'Bhutani City Centre 32.' This acquisition strengthens Bhutani Infra's portfolio in the Delhi-NCR commercial market and reflects its strategy to offer integrated spaces that combine work, leisure, and lifestyle. The move aligns with the company's vision to meet the evolving demands of modern consumers.
Bhutani Infra has successfully acquired the 'Logix City Centre' commercial project in Noida for an estimated INR 1,000 crore, which includes the cost of renovations. The project spans approximately 1.2 million square feet and includes a mix of operational retail spaces, office units, and a hotel. Ashish Bhutani, CEO of Bhutani Infra, shared with PTI that the acquisition was made from PAG and the Logix group promoters. The total investment, which covers both the purchase price and the renovation costs, is projected to be INR 1,000 crore. The property will be rebranded as 'Bhutani City Centre 32,' marking the company's strategic move to enhance its real estate portfolio in the region.
Bhutani Infra, known for its strong presence in the Delhi-NCR commercial real estate market, views this acquisition as a key addition to its expanding portfolio. The project is set to combine a wide range of retail, leisure, and entertainment spaces within a single, integrated destination. This development is part of Bhutani Infra's broader vision to create multifunctional spaces that cater to the evolving needs of modern consumers, who are increasingly looking for environments that seamlessly blend work, recreation, and lifestyle.
Ashish Bhutani highlighted that the 'Bhutani City Centre 32' project is a direct reflection of the company's aggressive growth strategy. He emphasized the company's focus on reshaping urban development by transforming every acquisition into a high-performing asset. Bhutani added that the company's approach is centered around offering integrated, dynamic spaces that adapt to the changing demands of consumers, particularly those seeking convenient, all-in-one spaces where they can work, relax, and live. This acquisition not only strengthens Bhutani Infra's market position but also underscores its commitment to meeting the rising demand for mixed-use developments in the region.
The acquisition of 'Logix City Centre' underscores Bhutani Infra's commitment to expanding its footprint in the Delhi-NCR commercial real estate market. With plans to transform the property into 'Bhutani City Centre 32,' the company is strategically positioning itself to meet the growing demand for integrated spaces that combine work, leisure, and lifestyle. By focusing on multifunctional developments, Bhutani Infra aims to stay ahead of market trends and cater to the evolving needs of modern consumers. This move not only enhances the company's portfolio but also reinforces its vision to reshape urban spaces and drive sustainable growth in the region.
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