New Delhi, Dec 21 (PTI) Realty firm M3M on Thursday said it will invest Rs 700 crore to develop a commercial project in Noida.

In a statement, Gurugram-based M3M India said the company will invest RS 700 crore to build a new project 'M3M The LINE – Luxury Retail and Pentsuites' in Sector 72, Noida. The project is spread over 3 acres with saleable space of about 9 lakh square feet.

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The investment includes land cost of Rs 250 crore and a construction cost of Rs 450 crore.

"The company is looking forward to a topline of Rs 1,200 crore from this project," M3M said.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)