Bhutani Grp to invest Rs 5,000 cr in 3 years
New Delhi: Realty player Bhutani Group has come up with an offer where the buyers can get the annual return in advance after making the down payment, even as it plan to invest Rs 5,000 crore in the next 3 years. The mega offer will work on their 50:25:25 plan and will be available on all their commercial projects in Noida. The group is expecting revenue of Rs 1,000 crore during the festival season.
The investment of Rs 5,000 crore will be spent on the development of its ongoing and future projects in Noida and Greater Noida. The company, which mainly focuses on commercial real estate, plans to deliver nearly 16 million square feet area over the next couple of years.
Bhutani Infra is developing three commercial projects--Alphathum, Grandthum and Cyberthum among others.
The Mega Offer is valid on all their projects – Grandthum (Sector 1, Greater Noida West), Cyberthum (Sector 140A, Noida) and Alphathum (Sector 90, Noida).
“Real estate sector has never seen such an offer, and we are hopeful of getting a good response. The down payment is 50 percent of the total amount, and the customer has to pay the next 25 per cent after three years. The buyer can deduct the annual return of three years from the down payment amount or else we will give them a cheque of three years’ annual return after the realisation of their down payment cheque”, said Ashish Bhutani, MD, Bhutani Group.