Max Estates and M3M group are among the developers who have emerged as the highest bidder for commercial land parcel auction by the Noida authority, fetching then over Rs 1,500 crore.
According to Noida authority, Max estates has emerged as the highest bidder for the biggest plot of 41,835 sq metre plot for over Rs 700 crore which has 40% residential area as well.
M3M India has won the bid for 23,570 sq metre plot for over Rs 400 crore.
Another 24,000 sq metre plot has been auctioned for Rs 400 crore to Mangalam group and a small plot of 812 sq metre has received the winning bid from Vertex construction.
All the land parcels are for commercial development and might have retail and office complex.
