M3M, a real estate developer, has bought 28 acres of land in Gurgaon from the DLF group. The deal size is worth Rs 440 crore.
The land is located in sector 70A on Gurgaon Course (Extn)-Southern Peripheral Road (SPR), looking the Aravalis and connecting with the SPR to National Highway-8.
M3M plans to build a premium residential project on the land. The company has budgeted a total investment of Rs 1,100 crore for this project, inclusive of the deal value.
"We have purchased 28 acres of land from DLF in Gurgaon where the company will be developing a residential project. We will soon launch this project," M3M Finance head Gaurav Jain told reporters here. He said the company has licences to start construction on this project and would be developing about 1,700 housing units in this project.
ABOUT M3M INDIA LTD:
Established over 15 years ago as a real estate developer, under the futuristic leadership of Basant Bansal, with the valuable support of his brother Roop Bansal, Director, M3M Group. M3M Group Stands for Magnificence in the trinity of Men, Materials & Money.
Apart from its ultra luxury residential project , M3M Golf Estate, the Group's latest commercial venture, M3M Urbana is 'Californialike' in design with consumer-friendly retail spaces and sophisticated office spaces that resemble 'Manhattan' , at a prime locale of Gurgaon. M3M Group has also launched M3M Cosmopolitan, one of India's finest retail and commercial hubs in Gurgaon.
The land is located in sector 70A on Gurgaon Course (Extn)-Southern Peripheral Road (SPR), looking the Aravalis and connecting with the SPR to National Highway-8.
M3M plans to build a premium residential project on the land. The company has budgeted a total investment of Rs 1,100 crore for this project, inclusive of the deal value.
"We have purchased 28 acres of land from DLF in Gurgaon where the company will be developing a residential project. We will soon launch this project," M3M Finance head Gaurav Jain told reporters here. He said the company has licences to start construction on this project and would be developing about 1,700 housing units in this project.
ABOUT M3M INDIA LTD:
Established over 15 years ago as a real estate developer, under the futuristic leadership of Basant Bansal, with the valuable support of his brother Roop Bansal, Director, M3M Group. M3M Group Stands for Magnificence in the trinity of Men, Materials & Money.
Apart from its ultra luxury residential project , M3M Golf Estate, the Group's latest commercial venture, M3M Urbana is 'Californialike' in design with consumer-friendly retail spaces and sophisticated office spaces that resemble 'Manhattan' , at a prime locale of Gurgaon. M3M Group has also launched M3M Cosmopolitan, one of India's finest retail and commercial hubs in Gurgaon.
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