Realty steadfast M3M India has acquired a 24,000-square-metre crippled successful Noida for Rs 400 crore.
The company, successful a connection connected Thursday, said it has acquired the crippled nether the Noida Authority's auction scheme, with a winning bid of Rs 400 crore.
This strategical acquisition marks the company's 3rd task successful Noida.
Pankaj Bansal of M3M India, said, "Noida is rapidly establishing itself arsenic a salient destination for existent property development".
"We person fulfilled the commitments made during the Uttar Pradesh Global Investors Summit 2023 by making important investments, creating employment opportunities, enhancing lifestyles, and facilitating large-scale infrastructure development," Bansal said.
Currently, M3M has astir 6 cardinal (60 lakh) quadrate feet nether operation successful Noida, and with this latest acquisition, the company's consolidated improvement footprint successful the portion volition grow to 7.5 cardinal (75 lakh) sq ft.