M3M India announced its first plotted-development project, M3M City of Dreams, had launched 900 plots in Haryana's Panipat with a topline of Rs 600 crore. The M3M City of Dreams project is located in Sector 37 in Panipat, where M3M India has presented 900 plots ranging from 140 to 180 square yards, with a sales value potential of Rs 600 crore in Phase-I. According to the corporation, 436 plots...
Listen To The Article Renowned real estate developer M3M India recorded its highest-ever sale of Rs 13,000 crore during the financial year 2023, an increase of 113% as compared to the financial year 2022 Rs 6,100 crore. M3M India's founder, Pankaj Bansal, claims that the group aims to achieve Rs 20,000 crore in sales in the financial year 2024 due to the continued growth of the residential...
Listen To The Article Experion Developers Singapore’s real estate focussed fund received the highest votes for Blackstone-backed besieged Dignity Buildcon in a deal that would imply a 50% recovery for lenders originally led by Stanchart Bank, as per the application filed by the resolution expert with the bankruptcy court. Experion Developers offered Rs 450 crore for the real estate...
Listen To The Article M3M Realty has secured a Rs 1,500 crore debt facility from alternative investment firm PAG Credit & Market for eyeing its portfolio expansion. The money will be paid back in four instalments of 600, 300, 250, and 350 crores over the course of 1.5 years. The funds will be used to expand the portfolio and make additional land acquisitions. M3M recently completed...
Listen To The Article M3M India, a real estate developer, has paid Rs. 1,500 crores for a 350-acre plot of land in Panipat, Haryana. The company plans to invest another 1,200 crores in the development of an integrated township. This property is purchased from Ambience Group. M3M India Director Pankaj Bansal told PTI that the company will invest a total of 2,700 crores in this township project,...
Listen To The Article M3M India has purchased 1.3-acre land parcels in Gurugram for approximately Rs 200 crore in order to construct a luxury commercial project, primarily retail space. The land near IFFCO Chowk was acquired through an auction held by Haryana Shahari Vikas Pradhikaran (HSVP). The entire project would cost Rs 250 crore. The estimated top line for this...
Listen To The Article M3M India has bought 13 acres of land parcel in Noida through e-auctions and plans to invest around Rs 2,400 crore in developing a mixed-use project, according to its director Pankaj Bansal. M3M India, which has a significant presence in Gurugram, will enter the Noida property market with this project. "We bought a 52,000 square metre plot in Sector 94 in an...