Bhutani Infra Acquires Logix City Center in Noida

Date:

Share post:

Noida, India – Bhutani Infra has acquired the Logix City Center in Sector 32, Noida, for nearly ₹1,000 crore, including anticipated costs for renovations, the company announced on November 11.

As published by the Hindustan Times, the retail property will now be known as Bhutani City Center 32. This acquisition marks a major addition to Bhutani Infra’s growing portfolio and brings together a variety of prime retail, leisure, and entertainment spaces into a single destination.

The company plans significant upgrades to the mall, including the addition of luxury brands and a five-star hotel. These plans are designed to meet the growing demands of high-net-worth individuals (HNIs) who live within a 2-km radius of the property.

“We are not just expanding our portfolio; we are transforming every acquisition into a high-performing asset that addresses the evolving demands of today’s consumers for integrated work, leisure, and lifestyle spaces,” said Ashish Bhutani, CEO of Bhutani Infra. “Bhutani City Center 32 reflects our aggressive growth strategy and commitment to reshaping urban development.”

Noida’s demand for premium, mixed-use developments has surged by 35% over the past year, positioning Bhutani City Center 32 to lead this growth. The development aims to redefine the future of urban living and investment in the region.

A report by Cushman & Wakefield highlighted that retail leasing activity in India reached 1.6 million square feet in the third quarter of 2024, with Hyderabad, Delhi NCR, and Mumbai leading the leasing volume. High streets dominated the retail leasing landscape, accounting for 68% of the total retail space leased. Additionally, high street rentals grew by an average of 15% in this period.

Related Posts

Latest posts

Haryana Government to Connect Under-Construction Global City Project With Delhi-Gurgaon Expressway

The Haryana government is planning to build a 60-meter-wide road linking the Delhi-Gurgaon Expressway to the under-construction Global...

Noida To Get 400-Metre Circular Skywalk at Sector 62/63

A new 400-meter circular skywalk is set to be constructed at the busy Sector 62/63 intersection in Noida....

India’s Data Center Capacity to Cross 4,500 MW by 2030 – Colliers Report

India’s data center capacity across the top seven cities is projected to exceed 4,500 megawatts by 2030. This...

New Elevated Road to Connect Greater Noida and Delhi-Meerut Expressway

The Greater Noida Authority on Friday approved a proposal to construct a 4-kilometer elevated road. This road will...