M3M India Acquires Prime Noida Plot for Rs 400 Crore
M3M India has made a significant move in the real estate sector by acquiring a 24,000-square-metre plot in Noida for Rs 400 crore. This acquisition marks the company's third project in the city, aiming to expand its footprint to 7.5 million square feet.
M3m IndiaNoida Real EstateProperty AcquisitionReal Estate DevelopmentNoida AuthorityReal Estate NewsJan 23, 2025
This strategic move marks the company’s third project in the city and reflects its growing commitment to the region.
The acquisition was made through the Noida Authority’s auction scheme, with M3M outbidding several other contenders.
According to Pankaj Bansal, a key figure at M3M India, “Noida is rapidly establishing itself as a prominent destination for real estate development.
We have fulfilled the commitments made during the Uttar Pradesh Global Investors Summit 2023 by making substantial investments, creating employment opportunities, enhancing lifestyles, and facilitating large-scale infrastructure development.”
The company currently has nearly 6 million (60 lakh) square feet under construction in Noida.
With this latest acquisition, M3M’s consolidated development footprint in the region will expand to 7.5 million (75 lakh) square feet.
This expansion is expected to significantly boost the company’s presence and influence in the Noida real estate market.
Noida, a part of the National Capital Region (NCR), has seen a surge in real estate development over the past few years.
The city’s strategic location, proximity to Delhi, and robust infrastructure have attracted numerous developers and investors.
M3M India’s acquisition is a clear indication of the city’s potential and the company’s confidence in its future growth.
The acquisition of this plot is not just a business move for M3M India but also a step towards fulfilling its corporate social responsibility (CSR) goals.
The company plans to use this opportunity to create more jobs, improve the quality of life for residents, and contribute to the overall development of the region.
M3M India has been at the forefront of real estate development in the NCR, known for its high-quality projects and commitment to sustainability.
With this new acquisition, the company is set to further solidify its position in the market and continue its mission of providing world-class living and working spaces.
As the real estate sector in Noida continues to evolve, M3M India’s latest move is expected to set a new benchmark for other developers in the region.
The company’s focus on quality, sustainability, and community development is likely to attract more investors and homebuyers, contributing to the overall growth and prosperity of Noida.
Frequently Asked Questions
What is the size of the plot acquired by M3M India in Noida?
M3M India has acquired a 24,000-square-metre plot in Noida.
How much did M3M India pay for the plot in Noida?
M3M India paid Rs 400 crore for the plot in Noida.
How many projects does M3M India have in Noida now?
This acquisition marks M3M India's third project in Noida.
What is the total development footprint of M3M India in Noida after this acquisition?
With this latest acquisition, M3M India's total development footprint in Noida will expand to 7.5 million (75 lakh) square feet.
What are M3M India's future plans in Noida?
M3M India plans to use this new plot to create more jobs, enhance lifestyles, and contribute to the overall development of Noida, while continuing to focus on quality and sustainability.
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