M3M India Secures 24,000-Square-Metre Plot in Noida for Rs 400 Crore
M3M India, a leading real estate developer, has acquired a 24,000-square-metre plot in Noida for Rs 400 crore, further solidifying its presence in the region. Pankaj Bansal of M3M India stated, 'Noida is rapidly establishing itself as a prominent destinat
Real EstateNoidaM3m IndiaProperty DevelopmentNoida AuthorityReal EstateJan 23, 2025
This strategic acquisition marks the company's third project in the city and is a testament to the growing attractiveness of Noida as a prime real estate destination.
Pankaj Bansal, a key figure at M3M India, said, '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 acquisition, which was made under the Noida Authority's auction scheme, highlights M3M India's commitment to expanding its footprint in the region.
Currently, the company has nearly 6 million (60 lakh) square feet under construction in Noida.
With this latest acquisition, M3M India's consolidated development footprint in the region will expand to a substantial 7.5 million (75 lakh) square feet.
Noida, a rapidly growing suburban area of the National Capital Region (NCR), has seen a surge in real estate development over the past few years.
The city's strategic location, improved infrastructure, and growing demand for residential and commercial spaces have made it a preferred choice for developers and investors alike.
M3M India, known for its innovative and forward-thinking approach, is well-positioned to capitalize on the region's growth potential.
The company's focus on quality, sustainability, and customer satisfaction has earned it a strong reputation in the real estate market.
With this new acquisition, M3M India is set to further enhance its portfolio and contribute to the region's development.
The company's expansion plans are not just limited to Noida.
M3M India is also exploring opportunities in other parts of the NCR and beyond, aiming to establish a robust presence across key markets.
The acquisition of the 24,000-square-metre plot in Noida is a significant step towards achieving these goals and solidifying M3M India's position as a leading real estate developer.
In conclusion, the acquisition by M3M India underscores the growing importance of Noida as a real estate hub and the company's strategic vision to capture the growing demand in the region.
With a focus on quality and innovation, M3M India is well-equipped to drive further growth and development in Noida and the broader NCR area.
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 now have in Noida after this acquisition?
This acquisition marks M3M India's third project in Noida.
What is M3M India's total development footprint in Noida after this acquisition?
With this latest acquisition, M3M India's consolidated development footprint in Noida will expand to 7.5 million square feet.
What are the main focuses of M3M India in its real estate development?
M3M India focuses on quality, sustainability, and customer satisfaction in its real estate development projects.
Related News Articles
Indian Realty Sector Sees Surge in Domestic Investments, Up 5 Times Annually
Domestic investors poured in $637.9 million into the Indian real estate sector in Q2 2024, marking a significant increase compared to the same period last year.
Mumbai's Real Estate Conundrum: BMC's Plan to Redevelop Dharavi
The Brihanmumbai Municipal Corporation's decision to allocate five acres of Mulund octroi land for the Dharavi Redevelopment Project highlights the complexity of urban redevelopment and the political stakes involved in Mumbai's high-value real estate land
Dubai: A Shining Example of Economic Resilience in the Middle East
Economic Stability in Turbulent Times, Leveraging Crises for Growth, Booming Real Estate Market, Luxury Property Price Surge, Future Prospects
5 Simple Ways to Invest in the Real Estate Market
Discover the safest investments to safeguard your financial resources and grow your money with these 5 easy ways to invest in the real estate market.
Pune's Metro Expansion: PCMC to Nigdi Extension Begins
Pune's metro expansion from PCMC to Nigdi is set to revolutionize public transportation, bringing a new level of convenience and sustainability to the city. The project, approved by the traffic police, aims to alleviate traffic congestion and promote sust
Mumbai Real Estate Soars: Record-Breaking Year for Property Registrations
Mumbai's property market saw a significant 11% increase in registrations in 2024, reaching a 13-year high. This surge in demand has not only boosted the economy but also underlined the city's real estate as a key economic driver.