July 6, 2024
M3M India Expects Rs 4k Crore Revenue From New Gurugram Housing Project; Investment at Rs 1,200 Crore
Realty firm M3M India is expecting a revenue of around Rs 4,000 crore from its new luxury housing project in Gurugram.
The company has launched a new residential project ‘M3M Altitude‘ on Golf Course Extension Road in Gurugram where it will build 350 luxury apartments.
M3M will invest Rs 1,200 crore to develop this 4-acre project, while the estimated sales revenue is around Rs 4,000 crore.
The company is selling apartments in a price range of Rs 10 crore to Rs 30 crore each.
In a statement on Saturday, the company said it has already sold about 180 units for Rs 1,875 crore.
Sudeep Bhatt, President, M3M Group, said: “Since the unveiling of M3M Altitude, we have seen a huge influx of inquiries and interests from the home buyers.” This 4-acre project is a part of the 60-acre M3M Golf Estate township.
According to real estate data analytic firm PropEquity, housing sales in Delhi NCR, sales rose to 10,198 units during April-June this year from 9,635 units in the year-ago period.
Gurugram housing market has seen strong housing sales in projects of many developers including DLF, Signature Global, and M3M.
Source : Zee Biz
Related Articles
M3M & Smartworld SIP: Build Passive Income Through Gurgaon Property Investment
Searching to work smart and create passive revenue and gain an asset with high value? M3M & Smartworld SIP (Second […]
M3M to deploy ₹14,500 crore to fund construction of 45 mn sqft portfolio
Realty major M3M India is planning to deploy a ₹14,500 crore construction acceleration programme to fund the development of more […]
Smartworld Natures Court Manesar: A New Urban Housing Green Standard
Smartworld Natures Court Manesar is not only an amazing concept of a new world in modern urban comfort but also a […]