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.
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