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M3M recently announced a luxury high street retail and 'Pentsuites' - or, serviced studio apartments - as part of a commercial project in Noida. The project will be developed on a three-acre land parcel with saleable space of about 900,000 square feet - 550,000 square feet in retail and 350,000 square feet for studio apartments.
Investors in India rode the sleigh of a dovish U.S. Federal Reserve, which hinted at three rate cuts in 2024, leading to a global surge in equities. On December 15, the Indian market joined the global rally, marking another session of bullish momentum.
On Thursday, 2064 stocks advanced, 1702 declined and 126 remained unchanged, with an advance decline ratio of 1.21 on the Bombay Stock Exchange (BSE), indicating positive closing of stocks in broader markets.
RBI policy meet: The central bank's move reflects its confidence in the country's economic fundamentals as well as growth prospects and will ensure EMI stability for borrowers
As the central banker kept the REPO rate intact in its latest monetary policy committee meet, real estate sector is expected to gain further in coming months.