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 India has announced an investment of INR 600 crore to develop a commercial project in Gurugram, expanding its office and retail portfolio along the Dwarka Expressway corridor. The project, named M3M Capital Financial Center, will be developed on a 1.42-acre site in Sector 113 and will comprise 165 units, including premium office spaces, multiplex units and retail outlets. Scheduled for completion by 2029, the development forms part of the M3M Group's broader expansion strategy, under which the company plans to invest INR 10,000 crore during the current financial year on construction activities and land acquisitions across North India.
Real estate developer M3M India has announced plans to invest INR 600 crore in a new commercial development in Gurugram, as the company continues to expand its presence in the National Capital Region's office and retail real estate market.
The Gurugram-based developer launched its latest project, M3M Capital Financial Center, earlier this week. Located in Sector 113 along the Dwarka Expressway, the commercial development will be built on a 1.42-acre land parcel and is expected to be completed by 2029.
According to the company, the project will comprise 165 commercial units, including 152 premium office spaces, six multiplex units and seven retail units. The development is intended to cater to the growing demand for integrated commercial space along the rapidly developing Dwarka Expressway corridor.
The project forms part of M3M Group's wider investment strategy aimed at expanding both its commercial and residential real estate portfolio across North India.
Earlier this month, the group announced plans to invest INR 10,000 crore during the current financial year towards project construction and land acquisitions. The investment is expected to support ongoing developments as well as future project launches across key markets.
Pankaj Bansal, Promoter of M3M Group, had stated that the company was prioritising the timely delivery of projects, with more than 30 million sq. ft. currently under construction across multiple developments. He also said the developer would continue acquiring land parcels to strengthen its development pipeline.
Bansal added that the company intends to participate in upcoming land auctions in Noida as part of its expansion strategy. He had also stated that M3M Group plans to invest around INR 2,500 crore on land banking during the current financial year to support future residential and commercial developments.
M3M Group operates through two real estate companies—M3M India Pvt Ltd and Smartworld Developers Ltd—and develops residential, commercial and mixed-use projects across North India. The launch of the new commercial project reflects the group's continued focus on expanding its presence in high-growth urban corridors, where improving infrastructure and increasing business activity continue to drive demand for office, retail and mixed-use developments.
Source - PTI
Advertisement
Facebook
Whatsapp
