Realty agency M3M India has acquired a 24,000-square-metre plot in Noida for Rs 400 crore.
The corporate, in a press release on Thursday, stated it has acquired the plot underneath the Noida Authority’s public sale scheme, with a successful bid of Rs 400 crore.
This strategic acquisition marks the corporate’s third undertaking in Noida.
Pankaj Bansal of M3M India, stated, “Noida is quickly establishing itself as a outstanding vacation spot for actual property growth”.
“We now have fulfilled the commitments made throughout the Uttar Pradesh World Traders Summit 2023 by making substantial investments, creating employment alternatives, enhancing existence, and facilitating large-scale infrastructure growth,” Bansal stated.
At present, M3M has almost 6 million (60 lakh) sq. toes underneath building in Noida, and with this newest acquisition, the corporate’s consolidated growth footprint within the area will broaden to 7.5 million (75 lakh) sq ft.
