Noida Land Auction Fetches Rs 15 Billion

23 Jan 2025 CW Team

In a significant development, the Noida Authority’s commercial land parcel auction has garnered bids worth over Rs 15 billion. Prominent developers Max Estates, M3M India, Mangalam Group, and Vertex Construction have emerged as the top bidders for key land parcels.

Max Estates secured the largest plot, spanning 41,835 sq metres, with a winning bid of over Rs 7 billion. This plot includes 40% residential zoning, making it a mixed-use development opportunity.

M3M India successfully bid Rs 4 billion for a 23,570 sq metre plot, showcasing the growing demand for prime commercial spaces in Noida.

Another 24,000 sq metre plot went to Mangalam Group for Rs 4 billion, while Vertex Construction acquired a smaller 812 sq metre parcel through a winning bid.

The Noida Authority stated, “This auction underscores the city’s growing appeal as a hub for real estate investment.”

This landmark auction reflects Noida’s burgeoning status as a prime destination for commercial and mixed-use developments.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..