Bhutani Infra sells all retail spaces in Noidas Avenue 133 in 12 hours

Noida, November 27: Luxury realtor Bhutani Infra announced on Monday that all retail spaces in its new project Avenue 133, a mall in Noida Sector 133, were sold out within 12 hours of its launch. Industry sources claim that the sale of retail space in phase one of Avenue 133 has brought in over Rs 1,000 crore for the real estate developer, with prices ranging from Rs 24,000 per square foot to Rs 40,000 per square foot. The second phase of the project is slated for sale next year, and the group anticipates revenue exceeding Rs 1,500 crore, a source close to the realty group revealed to the media.

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Avenue 133: Noida's Fastest Selling Asset

Avenue 133 has emerged as one of the fastest-selling assets in Noida. Previously, the record for the fastest sale was set at three weeks, but Avenue 133 managed to surpass that by selling out in less than 12 hours. Bhutani, the CMD of Bhutani Infra, expressed his delight at the overwhelming response, stating that the speed of the sale was not surprising considering Noida's growing importance in the real estate industry. He highlighted the project's strategic location, filling a void for a high-quality commercial project in an area with numerous residential developments.

A Mix of Retail, Wellness, and Office Spaces

Situated along the Noida-Greater Noida Expressway, Avenue 133 offers a diverse mix of retail shops, wellness centers, office spaces, and a vibrant food court. The project aims to become the longest high street commercial project in Delhi-NCR, providing a modern retail experience and a bustling commercial hub. Bhutani Infra emphasized their commitment to quality, innovation, and environmental responsibility, stating that the quick sell-out reflects the trust and confidence that buyers and investors have in their projects.

The rapid sell-out of Avenue 133's retail spaces within 12 hours is a testament to the growing demand for commercial properties in Noida. The project's strategic location, diverse offerings, and the reputation of Bhutani Infra have all contributed to its immense success. As Noida continues to attract attention in the real estate industry, Avenue 133 stands as a prime example of the city's potential for high-end commercial developments.