Rs 1,850 crore for 12.5 acres: Why Noida’s Sector 108 is drawing big developers
Last week, M3M, a prominent real-estate developer, outbid DLF, a major player in Gurgaon, for a 12.5-acre parcel of land in Noida's Sector 108. The bidding price was Rs 1,850 crore, nearly double the Noida Authority's reserve price of Rs 835 crore. This significant development has brought attention to Sector 108, an area along the Noida-Greater Noida Expressway where developers are seeking opportunities in the face of saturated older sectors.
The area's appeal lies in its concentration of premium residential properties, commercial developments, institutions, and green spaces. With nearby premium residential projects, schools, hospitals, and private hospitals within a 6 km radius, there is a high demand for commercial establishments. Furthermore, the area's strategic location near the Delhi Noida Direct (DND) flyway, Noida International Airport, and proposed Noida Metro Rail Corporation line adds to its allure.
As developers vie for limited land along the Expressway, Sector 108 presents lucrative opportunities for mixed-use projects, with a proposed 40% residential and 60% commercial use.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
