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...
Real estate developers have purchased over 2,200-acre land parcels for around Rs 26,000 crore since January last year, primarily to create residential developments as per JLL India. The developers have bought around 2,181 acres of land area in the last 17 months (January 2022-May 2023) valued at over Rs 26,000 crore, with an estimated development potential of approximately 209 million square feet...
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 As demand in the National Capital Region remains strong, real estate developers such as DLF, Godrej, M3M, County, Max, and TARC are planning to launch new housing projects. The new projects will be built in areas such as central Delhi, the Noida Expressway, and Golf Course Extension Road Gurugram, which has seen a recent surge in land acquisition. One of the most...
Listen To The Article Gurgaon’s Golf Course Road, Extension Road, and Sectors 128–135 on the Noida Expressway are emerging as preferred NCR micro markets for developers for both residential and commercial projects, with non-residents looking to acquire land in these two areas. While M3M has several projects on Gurgaon’s Gold Course Road Extension, DLF is also planning to launch a group...
Listen To The Article Smartworld Developers Pvt. Ltd., based in Gurgaon, has raised Rs. 250 crores from Motilal Oswal for the expansion of projects, according to a senior executive. Smartworld Developers, which was founded in 2021 by M3M Group promoters, announced an investment of around Rs 3,000 crores in October last year to develop the company’s first two residential projects in...