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M3M The Line | Luxury Commercial project in Noida

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This video is on review of M3M The Line, a commercial project in Noida, India. The video analyzes the project's features, including its size, retail spaces, studio apartments, and parking. Its location and accessibility are discussed, highlighting proximity to transportation and other amenities. The financial aspects are also examined, such as pricing, rental guarantees, and potential return on investment. Finally, the video compares M3M The Line to similar projects in the area, offering viewers a comprehensive assessment to aid their investment decisions.

Project Overview:

M3M The Line is a commercial real estate project in Noida Sector 72, being developed by M3M, a Gurugram-based developer primarily known for its commercial projects. This project marks M3M's second foray into Noida, following their project "M3M The Cullinan". The development is positioned in a high-density area of Noida, located on Vishwakarma Road which connects Sector 62 to Noida Expressway, near the Sector 51 Metro station. It is intended to be a mixed-use commercial development, including retail space and studio apartments with a hotel-like experience.

Key Information:

✓ Strategic Location:
The project's location is highlighted as a major advantage. It is situated on Vishwakarma Road, which is projected to become a densely populated area of Noida. The location has high footfall and is considered a central hub, with good connectivity to other parts of Noida and Greater Noida via two metro lines (Blue and Aqua lines). The proximity to Sector 62 (Noida's corporate hub) and healthcare facilities like Medanta and Fortis further enhance its appeal. This location is anticipated to become the most densely populated belt in Noida in the coming years.

✓ Project Details:
• Land Area: 3 acres (approximately 12,141 sq. meters)
• Development Type: Mixed-use commercial, comprising retail spaces and studio apartments.
• Building Features: Three-side open plot with green spaces at the back, a 300-meter frontage, a 23-story high glass facade.
• Space Breakdown: 5.5 lakh sq ft of retail space and 3.5 lakh sq ft of studio apartments, totaling 9 lakh sq ft of commercial space.
• Parking: Three basements (-3, -2 and partial at -1) provide a total of 1071 parking spots. Parking space ratio with expected footfall can be a major factor in the success and failure of a mall.
• Retail Levels: Lower ground floor includes a hypermarket, Ground floor has 77 retail spaces including flag ship stores, First floor has • 32 retail spaces including two anchor stores, Second floor has 77 retail spaces with two more anchor stores, Third floor has 120 retail spaces, Fourth floor designed for food and entertainment with 56 food court spaces.

✓ Studio Apartments:
• Located from the 7th floor onwards.
• Designed with a hotel-like concept.
• Fifth floor includes a luxurious club house with a swimming pool and other amenities for studio apartment residents.
• Two service floors on 6th and 13th floor.
• Rooftop cafe
• Studio Apartment Sizes: Ranging from 865 sq ft to 1205 sq ft. 27 total studios per floor.
• Total of 250 units initially available for sale with options for both green facing and main road facing views. Finished condition deliveries.
• Two floors dedicated for self-use on 21st and 22nd floor which don't include the lease rental agreement.

✓ Design and Development:
• Designed by DPA, the same architects behind the M3M The Kannan project.
• The construction began in November 2023 and completion is projected for July 2028.
• Raft work and retention walls have been completed, and construction on Basement 2 is underway.

✓ Developer's Credibility:
• M3M is portrayed as a reliable developer, established in 2010.
• They have launched 52 projects (both residential and commercial) and delivered 30+ of them.

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The M3M The Line project is a promising investment opportunity.. The project is particularly suited for investors seeking a steady income with relatively lower risk, particularly in the studio apartment sector. However, a detailed assessment is advised for retail investments in comparison to similar projects in the vicinity. The project’s planned features and location make it a potentially lucrative option for those seeking a long term investment in the Noida commercial market.