M3M India to invest in Branded Residences with Jacob & Co in Noida

The development is estimated to reap a profitability value of Rs. 3,500 Crore. It comprises 3BHK, 4BHK, and 5BHK apartments in six acres is well-positioned in the city. These ultra-luxurious residences range from Rs. 14 crore to Rs. 25 crore. Additionally, M3M India and Jacob & Co. plan to develop the project in two phases.

Phase I will have 150 branded residences, and Phase II will offer 100 ultra-luxurious residences. M3M said they aim to complete the project in the next three years.

The company statement said, “A buyer picked three apartments here in Noida. This has set a new price of luxury living in India.”

At the launch event, Pankaj Bansal, M3M promoter, said collaboration is the dawn of the company’s vision to develop more premium immovable assets in India. This collaboration with Jacob & Co. reflects our strategic focus on elevating the standard of luxury living in India.”, he said.

Jacob Arabo, Founder and Chairman, Jacob & Co., expressed a bright future and said the Indian luxury market holds the potential for strong growth. “India represents an exciting frontier for luxury, and we see tremendous potential in this collaboration,” he said.

The project has limited-edition residences of Jacob & Co timepiece. The premium lighting and finishes will reflect interiors from Jacob & Co.

He further said, the project is strategically located as Noida is a business hub. Also, the proximity of the upcoming Jewar International Airport will boost demand for a premium lifestyle.

Established in 2010, M3M India has 40 completed projects covering 20 million sq ft and has 20 under-construction projects. Jacob & Co. is a New York-based company famous for its premium watch and jewellery business.