M3M India invests Rs 600 crore in Noida

17 Mar 2023 CW Team

M3M India has purchased three acres of land in Noida for Rs 250 crore and will invest another Rs 350 crore to develop a project that will include retail space and studio apartments.

The total investment for this project in Sector 72, Noida, will be Rs 600 crore.

The actual cost of the land is Rs 180 crore. Including registration and lease fees, the total will be Rs 250 crore. In this project, M3M India will develop 9 lakh square feet of saleable area, of which 5.5 lakh square feet will be retail. Each studio apartment is 700-800 square feet.

According to the company, construction will cost Rs 350 crore.

"The total investment in this project, including land and construction costs, would be Rs 600 crore," M3M India stated. The company anticipates a topline of approximately Rs 1,200 crore from this project, which is expected to be completed within the next 24 months.

According to M3M India, professionals working in office campuses in this part of Noida are in high demand for studio apartments. Pankaj Bansal, director of M3M India, stated, "We are very proud to be associated with the government of Uttar Pradesh for building state-of-the-art residential and commercial projects, with our investments beginning from Noida."

The firm has pledged to invest Rs 7,500 crore in Uttar Pradesh.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..