M3M India to Invest ₹14,500 Crore in Expanding Real Estate Portfolio
M3M lines up Rs 14,500 crore to accelerate 45 million sq ft real estate portfolio
The Economic TimesImage: The Economic Times
M3M India plans to invest ₹14,500 crore (approximately $1.75 billion USD) to boost its under-development real estate portfolio of 45 million sq. ft.. The investment will focus on completing 7.8 million sq. ft. by FY27, including premium residential and mixed-use commercial projects in Gurugram, Haryana, India.
- 01M3M India will invest ₹14,500 crore to enhance its real estate portfolio.
- 02The company aims to complete 7.8 million sq. ft. of projects by FY27.
- 03M3M maintains a zero-debt balance sheet, funding through internal accruals.
- 04Residential projects make up 5.8 million sq. ft. of the portfolio.
- 05Gurugram is positioned as a key real estate destination in India.
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M3M India has announced an investment of ₹14,500 crore (approximately $1.75 billion USD) to accelerate the construction of its expansive real estate portfolio, which encompasses 45 million sq. ft. under development. This initiative will focus on completing 7.8 million sq. ft. of projects by the fiscal year 2027, which includes both premium residential and mixed-use commercial developments. The funding will be sourced from internal accruals and working capital, allowing M3M to maintain a zero-debt balance sheet. Notable residential projects include M3M Capital 113 and M3M Antalya Hills, which together account for 5.8 million sq. ft. of the total. The company has already secured Occupancy Certificates for all five developments, indicating readiness for occupancy. M3M India is also recognized for its luxury collaborations, such as Trump Towers and Jacob & Co., enhancing its presence in the premium real estate segment. Gurugram, Haryana, continues to be a focal point for M3M's landmark developments, reflecting the city's dynamic growth in the real estate sector.
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This investment will enhance the real estate landscape in Gurugram, potentially increasing property values and providing more housing options for residents.
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