Archive · 21 Sep 2026
Noida Sector 108 Draws Developers After Rs 1,850-Crore Bid
M3M bought a large piece of land in Noida’s Sector 108 for about Rs 1,850 crore.
The land covers 12.5 acres.
This price was more than twice the government authority’s starting price.
The land can be used for homes and businesses.
The area already has luxury housing, offices, schools, hospitals and parks nearby.
It is also close to the Noida-Greater Noida Expressway and the airport.
Builders are interested because older parts of Noida have less space left for new projects.
Experts say land along the Expressway is becoming more expensive and competitive.
M3M outbid DLF with an approximately Rs 1,850 crore bid for 12.5 acres in Noida’s Sector 108.
The winning bid was more than twice the Noida Authority’s reserve price of Rs 835 crore.
The parcel will support a mixed-use project with up to 40% residential and 60% commercial development.
Sector 108 benefits from nearby premium housing, commercial spaces, institutions, hospitals, parks and Expressway connectivity.
Developers are competing for increasingly scarce land along the Noida-Greater Noida Expressway as older city sectors become saturated.
- Who
- M3M won the land bid, competing against DLF, with views provided by Noida Authority official and real-estate advisers Reetesh Singh and Paras Satija.
- What
- A 12.5-acre Sector 108 land parcel was sold for approximately Rs 1,850 crore for a mixed-use project.
- When
- The bid took place last week; the article also cites land prices from 2016 and current conditions.
- Where
- Sector 108, Noida, along the Noida-Greater Noida Expressway.
- Why
- Older Noida sectors have become saturated, while Sector 108 offers nearby housing, commercial activity, institutions, amenities, transport links and access toward Noida International Airport.
- Winning bidder
- M3M
- Competing bidder
- DLF
- Land area
- 12.5 acres
- Winning bid
- Approximately Rs 1,850 crore
- Reserve price
- Rs 835 crore
- Permitted land use
- Up to 40% residential and 60% commercial
- Distance to DND flyway
- 9.5 km, or about a 14-minute drive
- Distance to Noida International Airport
- 52 km, or about a 50-minute drive