Group 108 announces NCR foray, to invest Rs 2000 cr

Noida, May 18, 2023: The managing partners of Grandthum, an under-construction IT/ITES project located in Greater Noida West, have announced their foray into real estate development with a new brand name called GROUP 108. They will complete their maiden project, Grandthum, under the new brand name. The company plans to invest over Rs 2000 crores in the upcoming years. They are also scouting for land to develop new projects in NCR.

Dr Amish Bhutani & Sanchit Bhutani would be heading the new brand. The brothers have been successfully developing Grandthum, an IT/ITES project spread over approximately 23 acres with 40 lac sq ft of built area in Techzone 4 (Greater Noida West). The project has two towers of G+34 and G+30 floors. Grandthum is a mix of premium retail, office spaces and entertainment under one roof. The project has made a name for its unique plan. It features a three-acre water body with a yacht, dining spaces, studio/service apartments, and a multiplex. 

Sanchit Bhutani, Managing Director, Group 108, said, “Our family has distinguished itself as a leading realty developer in the country. We will take this legacy further. This commitment is reflected in our company’s name, which, while being moored in the country’s ethos, also conveys deep-rooted ethics coupled with a vision to develop and deliver whatever we promise.”

Amish Bhutani, Managing Director of Group 108, adds, “We have signed an MoU to invest over Rs 2000 crores at UP investment summit and are acquiring more projects in FY 23-24. The investment would be procured through promoters’ funds and internal accruals. Our maiden project Grandthum has shaped up pretty well, and we will deliver it on time.”