Noida’s Bhutani Group severed ties with WTC Group

Noida’s Bhutani Group, which was in talks to acquire a majority stake in WTC Noida, a company licensed to develop 13 World Trade Centers across India, said that it has severed all ties with the WTC Group earlier this month and is now fully cooperating with the Enforcement Directorate (ED) in its investigation.

The deal would have ensured the completion of stalled projects and share revenues in the future.

Bhutani Group has emphasized that it has no financial or operational connections to WTC.


Having completely withdrawn from any association with WTC in early February, long before the legal and financial issues unfolded, Bhutani Infra has been engaging with investors who had placed their trust in WTC, offering support and guidance through these challenging times.

Bhutani Infra is also assisting government agencies, including the ED, by providing the necessary information for their ongoing investigations.

ED has searched WTC Builder and its offices, at 12 locations in Delhi, Noida , Faridabad and Gurgaon.

WTC group has multiple projects in Faridabad, Noida and other locations & have collected more than Rs 1000 crore for gullible investors and not delivered projects since last 10-12 years.

Multiple FIRs have been registered by Faridabad Police and EOW Delhi against WTC Builder.