Max Estates and M3M India secured prime commercial land in Noida through a high-stakes auction, collectively investing over INR 1,500 crore. The mixed-use and commercial development acquisitions reflect Noida’s growing appeal as a business hub. Upcoming projects will enhance the region’s commercial landscape and meet rising demand.
Noida’s commercial real estate sector is set for a significant boost as Max Estates, and M3M India emerge as the highest bidders in a significant land auction conducted by the Noida Authority. The auction, which collectively generated over INR 1,500 crore, reflects the increasing demand for premium office and retail spaces in the region.
Max Estates secured the largest parcel, spanning 41,835 sq. metres, with a winning bid exceeding INR 700 crore. This plot offers a unique advantage, allowing for 40% residential development, paving the way for a mixed-use project. M3M India also substantially acquired a 23,570 sq. metre plot for over INR 400 crore. Other significant deals included Mangalam Group securing a 24,000 sq. metre plot for INR 400 crore and Vertex Construction acquiring an 812 sq. metre parcel.
The acquired land is earmarked for commercial development, with projects expected to feature Grade-A office spaces and high-end retail hubs. The Noida Authority has consistently attracted top-tier developers through strategic land auctions, accelerating the city’s transformation into a central commercial hub. Industry giants like Bhutani Group and DLF have previously participated in similar auctions, reinforcing Noida’s appeal for large-scale investments.
“Noida’s infrastructure development, metro expansions, and expressway connectivity have made it a prime destination for commercial real estate,” said a Noida Authority official. The city has witnessed significant interest from developers, primarily driven by growing demand from IT/ITeS firms, co-working operators, and retail brands looking for premium office and commercial spaces.
Max Estates and M3M India have a strong investment history in the NCR real estate market. Max Estates has consistently focused on developing high-end commercial projects, while M3M India has expanded its portfolio with luxury and mixed-use developments. Their latest acquisitions reaffirm Noida’s role as a high-growth commercial hotspot, with these new projects expected to redefine the city’s business landscape.
As Noida continues to attract major investments, the region’s commercial infrastructure is poised for rapid growth. These new projects will meet the surging demand for premium workspaces and cement Noida’s status as a key urban and business hub in the NCR.
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