12 , November , 2024
In a major development, Bhutani Infra has purchased a commercial project 'Logix City Center' in Noida for an estimated cost of around Rs 1,000 crore, including expenditure to be made on renovations.
The project spans across 1.2 million square feet, including an operational shopping mall, office space and a hotel.
Ashish Bhutani, CEO, Bhutani Infra, told PTI, "We have acquired Logix City Center from PAG and Logix group promoters. The total investment will be Rs 1,000 crore, including the acquisition cost and renovations."
The project will now be called 'Bhutani City Center 32'. Bhutani Infra has a strong portfolio of commercial assets in Delhi-NCR. The acquisition marks a significant addition to its expanding portfolio, bringing together prime retail, leisure, and entertainment spaces within a singular destination.
(WITH INPUTS TAKEN FROM PTI)
