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 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..