NOIDA, July 23, 2024 – The Bhutani Group, a prominent player in the Indian real estate sector, has acquired a majority stake in the World Trade Centers (WTC) Noida, a move set to accelerate the completion of stalled WTC projects across India. This strategic investment aims to revive and complete the five ongoing WTC projects in Noida, Chandigarh, Gurugram, and Gift City, which had been delayed due to funding issues.
Bhutani Group Investment World Trade Centers Noida.
- Bhutani Group
- Acquired a majority stake in WTC Noida
- Noida, Chandigarh, Gurugram, Gift City
- July 2024
- To complete stalled projects and promote economic growth
- By investing in and managing the projects
- WTC tower in Kochi, costing Rs 150 crore.
The World Trade Centers Association (WTCA), which holds licenses for 40 WTCs in India, plans to expand this number to 50 within the next 5-7 years. The Bhutani Group’s investment is expected to play a crucial role in this expansion, providing the necessary funds and management expertise to complete the current projects and initiate new ones.
WTC tower in Kochi Investment
The Bhutani Group’s investment will address the funding gaps that have stalled the construction of five WTCs. Parts of these projects, including those in Noida, Chandigarh, and Gurugram, had been completed, but the remaining work came to a halt due to a lack of financial resources. With this new infusion of capital, construction can resume, promising significant economic and infrastructural benefits.
Bhutani Group Job Creation & Business Opportunities
This development is expected to create numerous job opportunities and foster new business ventures. Local businessmen and investors in Noida are particularly optimistic, anticipating that the completion of the WTC projects will transform the city into a major business hub. The creation of international business centers will not only attract global companies but also provide a significant boost to the local economy.
WTCA’s Footprint in India
In addition to the current projects, WTCA plans to establish new WTCs in cities like Varanasi, Amritsar, and Lucknow. This expansion aligns with India’s growing office market, which has shown robust performance. The WTCA’s rapid growth in India is further exemplified by the Brigade Group’s recent announcement of a new 16-storey WTC tower in Kochi, costing Rs 150 crore.
Bhutani Group’s WTC Revival Boosts Indian Economy
The Bhutani Group’s acquisition and the subsequent completion of the WTC projects are seen as positive indicators for the Indian real estate sector. These developments are expected to enhance the country’s infrastructure, attract international business, and provide a significant boost to economic growth.
The Bhutani Group’s strategic investment in the World Trade Centers Noida marks a significant milestone in the Indian real estate sector. By addressing the financial challenges that stalled these major projects, the group is set to rejuvenate not only the WTC developments but also the broader economic landscape.
This move is expected to bring substantial job opportunities, foster new business growth, and establish cities like Noida as key business centers in India. For further information, visit Bhutani Group’s website.
