India, Oct. 16 -- Real estate developer M3M India has announced an investment of Rs.2,100 crore to develop Jacob & Co. Residences, an ultra-luxury residential project by Jacob & Co, in Noida. The project is expected to generate a topline of about Rs.3,500 crore, the company said in a statement.

Spread across six acres in Noida's central business district, the development will offer 3BHK, 4BHK, and 5BHK luxury residences priced between Rs.14 crore and Rs.25 crore. The project will be completed in two phases. Phase I will include 150 branded residences, while Phase II will add about 100 ultra-luxury serviced residences. It is targeted for completion within three years, the company said.

"A buyer picked three apartments here in Noida. This...