Major Wins at Noida Commercial Land Auction for Max & M3M
The recent Noida commercial land auction conducted by the Noida Authority saw some major wins for top real estate players like Max Estates and M3M Group. The auction fetched over ₹1,500 crore in total, reflecting the rising demand for commercial real estate in the area.
Key Takeaways from the Noida Commercial Land Auction
- Max Estates Secures the Largest Plot
Max Estates emerged as the highest bidder for the biggest land parcel, measuring 41,835 square meters. The company paid over ₹700 crore for this prime plot, which also includes 40% residential zoning—making it ideal for a mixed-use development. - M3M Group Wins Another Big Parcel
M3M India successfully bid over ₹400 crore for a 23,570-square-meter plot, further expanding its portfolio in Noida’s commercial real estate market. - Other Key Winners
- Mangalam Group acquired a 24,000-square-meter plot for ₹400 crore.
- Vertex Construction won the bid for a smaller 812-square-meter plot.
What’s Next for These Plots?
All the land parcels auctioned are meant for commercial development, with potential projects likely to include office spaces, retail outlets, and mixed-use complexes. This land auction highlights the city’s growing prominence as a hub for integrated developments that cater to businesses and lifestyle needs alike.
The results of this auction further position Noida as a key destination for real estate investment, with developers eager to capitalize on its growth potential.
Read more: PMAY Urban Uttar Pradesh: 95% of Homes Completed by 2024
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