Bhutani Infra says all retail units in new Noida project sold out within 12 hrs - Hindustan Times
close_game
close_game

Bhutani Infra says all retail units in new Noida project sold out within 12 hours of launch

PTI |
Nov 28, 2023 07:20 AM IST

Bhutani said the speed is not surprising for Noida, which has become the point of focus in the industry now.

Luxury realtor Bhutani Infra on Monday said all retail spaces in its new project Avenue 133 -- a mall in Noida Sector 133 -- were sold out within 12 hours of its launch.

Located along the Noida-Greater Noida Expressway, Avenue 133 offers a mix of retail shops, wellness centres, office spaces, and a lively food court.(File / Virendra Singh Gosain/ Hindustan Times)
Located along the Noida-Greater Noida Expressway, Avenue 133 offers a mix of retail shops, wellness centres, office spaces, and a lively food court.(File / Virendra Singh Gosain/ Hindustan Times)

Industry sources said the sale of retail space in phase one of Avenue 133 has fetched over 1,000 crore for the real estate developer, with price ranging from 24,000 sq ft to 40,000 sq ft.

The second phase of the project is scheduled for sale next year and the group is eyeing revenue upwards of 1,500 crore from it, a source close to the realty group told PTI.

"Avenue 133 is one of the fastest selling assets. Our last record stood at three weeks. This time it has been less than 12 hours," Bhutani told PTI.

However, he declined to share details about units sold or revenue earned.

About the pace of sale, Bhutani said the speed is not surprising for Noida, which has become the point of focus in the industry now.

"The plus point with this project is that it has filled a void for a good, major commercial project in a location where lot of residential projects have come up," he added.

Located along the Noida-Greater Noida Expressway, Avenue 133 offers a mix of retail shops, wellness centres, office spaces, and a lively food court.

It aims to be the longest high street commercial project in Delhi-NCR, providing a modern retail experience and a bustling commercial hub, Bhutani Infra said in a statement.

"While Avenue 133 stands as a prime example of the developer's commitment to quality, innovation, and environmental responsibility, the quick sell-out from the launch reflects the trust and confidence buyers and investors have on Bhutani Infra's projects," the group said.

Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

See more

Get Current Updates on India News, Elections 2024, Lok sabha election 2024 voting live , Karnataka election 2024 live in Bengaluru , Election 2024 Date along with Latest News and Top Headlines from India and around the world.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Sunday, July 21, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On