M3M India invests Rs 600 crore in Noida
Real Estate

M3M India invests Rs 600 crore in Noida

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.

See also:
M3M India to develop luxury boutique retail project in Gurugram
M3M intends Rs 18 billion realty projects on Dwarka expressway


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. See also: M3M India to develop luxury boutique retail project in GurugramM3M intends Rs 18 billion realty projects on Dwarka expressway

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code