M3M India acquires 24,000 sq m plot in Noida for ₹400 crore
1 month, 3 weeks ago

M3M India acquires 24,000 sq m plot in Noida for ₹400 crore

Hindustan Times  

Delhi-NCR based M3M India has acquired a 24,000 sq m plot along the Noida Expressway under the Noida Authority’s auction scheme for ₹400 crore. Delhi-NCR based M3M India has acquired a 24,000 sq m plot along the Noida Expressway under the Noida Authority’s auction scheme for ₹ 400 crore. We have fulfilled the commitments made during the Uttar Pradesh Global Investors Summit 2023 by making substantial investments, creating employment opportunities, enhancing lifestyles, and facilitating large-scale infrastructure development,” said Pankaj Bansal, M3M India. Currently, M3M has nearly 6 million square feet under construction in Noida, and with this latest acquisition, the company's consolidated development footprint in the region will expand to 7.5 million sq ft. Additionally, the development will generate employment for approximately 15,000 individuals across various sectors, including contractors, suppliers, construction workforce, and logistics partners, further contributing to the local economy.

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History of this topic

NCR real estate news: Noida cancels allotment of prime group housing plot in Sector 143
3 months, 2 weeks ago

NCR real estate news: Noida cancels allotment of prime group housing plot in Sector 143

Hindustan Times  

The Noida authority on Thursday said it has cancelled the allotment of a group housing plot measuring 13,961 square metres in Sector 143. “We have cancelled the allotment of this group housing plot that has been lying vacant and the realty firm has failed to clear dues of ₹130 crore despite the authority sending it notices. According to officials, the …

NCR real estate news: M3M Group clears ₹2,473 crore debt backed by robust sales
5 months, 2 weeks ago

NCR real estate news: M3M Group clears ₹2,473 crore debt backed by robust sales

Hindustan Times  

Gurugram-headquartered M3M Group said in a statement on October 5 that it has pared ₹2,473 crore worth of debt between April 2023 - August 2024. M3M Group clears ₹ 2,473 crore debt backed by robust sales According to the company statement, it has repaid accumulated debt to lenders such as Pragati Asia Group, ICICI Bank, IndusInd Bank, L&T Finance, Punjab …

Noida secured investment of ₹1 lakh crore after allotting 149 plots in 2023-24
10 months ago

Noida secured investment of ₹1 lakh crore after allotting 149 plots in 2023-24

Hindustan Times  

The Noida authority allotted land to at least 149 projects, including IT, corporate houses. In last one year, 448 investors have signed memorandums of understanding with the state government, which refers these proposals to the respective industrial bodies. The Noida authority compiled a report about the investment proposals that have materialised on the ground, following an instruction from the state …

M3M India to invest close to ₹1200 crore for developing a township in Haryana
1 year, 3 months ago

M3M India to invest close to ₹1200 crore for developing a township in Haryana

Hindustan Times  

Delhi-NCR based real estate developer M3M India on December 13 said that it will be investing close to ₹1200 crore for developing a 333-acre township in Panipat, Haryana, and is targeting ₹5000 crore in revenue from it. M3M India on December 13 said that it will be investing close to ₹ 1200 crore for developing a 333-acre township in Panipat, …

M3M India records more than two-fold jump in sales bookings
1 year, 11 months ago

M3M India records more than two-fold jump in sales bookings

Hindustan Times  

Realty firm M3M India on Monday said its sales bookings jumped more than two-fold to record ₹13,000 crore during the last fiscal on better demand for housing and commercial properties. The Gurugram-based company, in a statement, said it has “recorded the highest ever sales of ₹13,000 crore, which is 113 per cent higher when compared to the sales of ₹6,100 …

M3M India buys 350-acre land in Haryana for ₹1,500 cr. Details here
2 years, 3 months ago

M3M India buys 350-acre land in Haryana for ₹1,500 cr. Details here

Live Mint  

Real estate developer, M3M India has acquired 350-acre land in Panipat, Haryana for ₹1,500 crore. M3M India promoter Pankaj Bansal told PTI that the company will invest a total of ₹2,700 crore, including land and construction costs, to develop this township project and expects a sales revenue of ₹5,000 crore. According to Bansal, the company initially bought the land parcel …

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