Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
M3M Group plans to invest INR 10,000 crore during the current financial year, with a major focus on accelerating construction and acquiring new land parcels to support future growth. The Gurugram-based developer will fund the entire investment through internal accruals, maintaining its debt-free status. The company is currently developing over 30 million sq ft across multiple projects and intends to strengthen its presence in Delhi-NCR through land acquisitions, including participation in upcoming Noida land auctions, while continuing its strategy of developing branded luxury housing projects.
M3M Group has announced plans to invest INR 10,000 crore during the current financial year towards construction activities and land acquisitions as part of its expansion strategy across North India.
The Gurugram-based real estate developer, which operates through M3M India Pvt Ltd and Smartworld Developers Ltd, develops residential, commercial and mixed-use projects. The company is currently focused on completing ongoing developments, with more than 30 million sq ft of real estate under construction across multiple projects.
Speaking to reporters, M3M Group Promoter Pankaj Bansal said the company would invest around INR 7,200 crore in construction activities during this financial year. Alongside project execution, the developer is continuing to expand its land portfolio.
Bansal said the company has already acquired nearly 500 acres of land in Gurugram and nearby areas by investing around INR 2,500 crore. He added that M3M will continue acquiring strategic land parcels and plans to participate in upcoming land auctions in Noida. The company has earmarked another INR 2,500 crore for land banking during the current fiscal.
On funding, Bansal said all planned investments would be financed through internal accruals, adding that the company remains debt-free. Maintaining a zero-debt balance sheet is expected to provide greater financial flexibility as the developer expands its project pipeline.
M3M also intends to strengthen its portfolio of branded residential developments through collaborations with international hospitality and lifestyle brands. Earlier this year, the company partnered with global fashion and lifestyle brand ELIE SAAB to develop two ultra-luxury residential projects in Delhi-NCR with a total investment of INR 3,500 crore.
The developer has previously completed a luxury housing project in Gurugram under the Trump brand. During the past year, it also entered into a partnership with global luxury watch and jewellery brand Jacob & Co for a premium residential project in Noida, reflecting its continued focus on branded luxury housing.
Commenting on the residential market in Delhi-NCR, Bansal said housing demand remains healthy for developers with a strong track record of delivering projects on time. He also clarified that the company has no plans to launch an initial public offering (IPO) in the short or medium term.
The company has remained active in expanding its presence across Delhi-NCR in recent years, particularly in the premium and luxury housing segment. Its continued investment in construction, land acquisition and branded developments indicates a long-term growth strategy while maintaining financial discipline through internal funding and a debt-free balance sheet.
Source PTI
Advertisement
Facebook
Whatsapp
