Delhi-NCR-based M3M Group has launched its uber-luxury housing project, M3M Altitude, on Golf Course Road Extension in Gurugram, targeting a revenue of INR 4,000 crore. Situated near Trump Towers within the 60-acre M3M Golf Estate, the project spans 4 acres and includes 350 super-luxury residences priced between INR 10 crore and INR 30 crore. The total saleable area is 1 million sq ft, with development costs at INR 1,200 crore. Completion is expected by 2031. Residences will feature 4 BHK units with servant rooms and penthouses ranging from 3,780 to 8,000 sqft. Golf Course Extension Road is noted for its significant price appreciation and luxury market demand.
Delhi-NCR-based real estate developer M3M Group has unveiled its latest luxury housing project, M3M Altitude, situated on the prestigious Golf Course Road Extension in Gurugram. This development is poised to generate a substantial revenue of INR 4,000 crore. M3M Altitude is strategically located near the Trump Towers and is part of the expansive 60-acre M3M Golf Estate community. The project encompasses a 4-acre land parcel, offering approximately 1 million square feet of saleable area.
The development, which will cost around INR 1,200 crore, is set to include 350 super-luxury residences. These high-end homes are priced between INR 10 crore and INR 30 crore, reflecting the project's ultra-premium nature. M3M Group aims to complete and deliver this ambitious housing project by 2031.
In recent years, Golf Course Extension Road has emerged as a prime destination for luxury residences in Gurugram. This area has experienced a significant surge in demand, leading to an annual price appreciation of up to 40 percent. As of 2023, average property prices on Golf Course Extension Road have surpassed INR 20,000 per square foot, with projections suggesting that prices could rise to more than INR 50,000 per square foot over the next three years. This trend underscores the attractiveness of the location and the anticipated success of the M3M Altitude project.
Sudeep Bhatt, President Sales at M3M Group, emphasized the importance of this new project, stating that it reaffirms M3M's status in the luxury real estate industry. He highlighted the significant demand for luxury residences in the area, which has catalyzed substantial price appreciation and increased market interest.
The apartments in M3M Altitude are designed to cater to affluent buyers seeking expansive living spaces and premium amenities. The project will feature a mix of 4BHK units, each including a servant room, as well as penthouses. These residences will range in size from 3,780 square feet to 8,000 square feet, providing ample space and luxury for residents.
M3M Group has a reputation for delivering high-quality, luxurious residential projects, and M3M Altitude is expected to further enhance this legacy. The project is designed to offer an unparalleled living experience, combining sophisticated architecture, state-of-the-art facilities, and prime location benefits.
Overall, M3M Altitude represents a significant addition to Gurugram's luxury real estate market. With its strategic location on Golf Course Road Extension, the project is well-positioned to attract discerning buyers looking for exclusive, high-end residences. The anticipated price appreciation in the area, coupled with M3M's commitment to quality and luxury, makes this project a highly promising investment opportunity for potential homeowners and investors alike.
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