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Realty firm M3M emerged as the highest bidder for a mixed-use land parcel auctioned by the Noida authority, quoting around Rs 1,850 crore for a 12.5-acre plot in Sector 108, sources said on Tuesday. The Sector 108 parcel had a reserve price of Rs 835 crore and attracted a strong interest, with DLF Ltd also participating in the bidding, the sources said. M3M's bid was approximately Rs 1850 crore, they said. The land parcel is designated for mixed-use development, comprising residential and commercial components, according to the sources. The substantial premium fetched by the Sector 108 parcel highlights strong developer interest in strategically located mixed-use land in Noida, they added. An M3M spokesperson declined to comment immediately, while the Noida authority was yet to announce officially the auction details. DLF Limited, M3M Group and Godrej Properties were shortlisted to bid for this land parcel. However, in Tuesday's bid only two of the groups participated. Godrej ...
Unicorn real estate platform NoBroker.com's revenue crossed Rs 1,000 crore last fiscal year, and it aims to become profitable in the next 8-10 months, a top company official said. The proptech startup based in Bengaluru, established in 2013, operates mainly in listing properties for renting, buying, and selling, and does not charge customers any brokerage fees. In the sector, it offers additional services, such as movers and packers, and manages housing societies through the NoBrokerHood app. In an interview with PTI, NoBroker.com co-founder and CEO Amit Kumar Agarwal highlighted that the company's revenue grew to Rs 965 crore in 2024-25 from Rs 888 crore in the preceding year, helping it to reduce losses by 25-30 per cent to around Rs 300 crore. In the last fiscal year, Agarwal said, "Our revenue has crossed Rs 1,000 crore although the final numbers are still being audited. We continue making strong progress towards profitability". He noted that losses are declining every fiscal
Realty firm Gaurs Group has acquired 35-acre land parcels along Yamuna Expressway from ICICI Bank for around Rs 700 crore to develop residential projects as part of its expansion plan. The company bought three land parcels in Sector 18 along the Yamuna Expressway, which connects Noida and Greater Noida to Agra, at an auction from ICICI Bank. "We have acquired 35 acres of land parcels from ICICI Bank for around Rs 700 crore," Gaurs Group Chairman Manoj Gaur said. There are three land parcels, with a 24-acre plot being the largest. "The land has been acquired in an open auction from ICICI Bank Ltd on an as-is, where-is basis. We are settling all the pending dues like EDC, farmer compensation etc," the company said. Gaurs Group, which is one of the leading real estate developers in Delhi-NCR, plans to launch the project on the 24-acre land parcel. Gaur said the company plans to launch 3-4 housing projects by March next year at Noida and Yamuna Expressway. The Group clocked sales boo