1. How much did M3M pay for the Noida Sector 108 land?
M3M India won the 12.5-acre Sector 108 parcel with a bid of ₹1,839 crore. The overall expenditure could approach ₹2,000 crore after stamp duty and other government charges.
2. Which company did M3M beat in the auction?
DLF was the main competing bidder in the final stage. M3M Sector 108 Noida Reports indicate that DLF’s final bid was around ₹1,740 crore, below M3M’s winning offer.
3. What was the reserve price for the Sector 108 land?
The Noida Authority’s reserve price was approximately ₹835 crore, while M3M’s winning bid reached ₹1,839 crore.
4. How large is the M3M Sector 108 land parcel?
The parcel covers approximately 12.5 acres, or nearly 49,932 square metres.
5. Is M3M Sector 108 Noida a launched residential project?
No. The current development is a land acquisition, not a formally launched residential project. Future project details, including configuration, pricing, RERA registration and possession timeline, will depend on subsequent planning and approvals.
6. What type of development is planned for the land?
Reports describe the M3M Sector 108 parcel as intended for mixed-use development, including residential and commercial components.
7. Did M3M acquire any other Noida land?
Yes. During the same auction cycle, M3M also acquired a 6-acre parcel in Sector 98 for ₹414 crore, according to reports.
8. Why is the M3M Sector 108 deal important?
The transaction is significant because the ₹1,839 crore winning bid was more than twice the reserve price and reflects strong competition for large, strategically located land parcels in Noida. It also signals continued developer confidence in the Delhi-NCR real estate market.