 "NIIF, real estate")
Real estate firm M3M has purchased a three-acre land for Rs 250 crore in Noida’s Sector 72 to develop a project comprising retail space and studio apartments at an additional investment of Rs 350 crore.
The Gurgaon-based company plans a top line of Rs 1,200 crore from the project expected to be completed within two years.
The company purchased the land in an e-auction from Noida authorities. The land is worth Rs 180 crore and after registration charges and lease fees, it would eventually cost around Rs 250 crore, said M3M in a statement.
The company will invest Rs 350
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