Real estate developer M3M India has announced plans to deliver six projects totalling 6.5 million square feet in the financial year 2023-24. This is a significant boost for the real estate market, which has been facing some challenges in recent years.
The six projects that M3M plans to deliver are:
- M3M Atrium57
- M3M Solitude
- M3M Lofts74
- M3M Capital
- M3M Capital Walk
- M3M Jewel
- M3M Route65
These projects are located in prime locations in Gurugram, and offer a variety of residential and commercial options. M3M Gurgaon is known for its high-quality construction and finishings, and its projects are always in high demand.
The delivery of these six projects will add a significant amount of new supply to the real estate market in Gurugram. This is expected to help to bring down prices and make property more affordable for buyers. It will also create jobs and boost the local economy.
In addition to the six projects that M3M plans to deliver in FY 24, the company has also launched a number of new projects in recent months. These include the M3M Capital residential project and the M3M Capital Walk retail project, both on the Dwarka Expressway. The company has also launched premium retail projects M3M Jewel on MG Road and M3M Route65 on Golf Course Extension Road.
M3M’s focus on developing high-quality projects in prime locations is making it one of the leading real estate developers in Gurugram. The company’s delivery of 6.5 million sq ft in FY 24 will be a significant boost for the real estate market and will help to make property more affordable for buyers.
Impact on the real estate market
The delivery of 6.5 million sq ft of new space by M3M is expected to have a positive impact on the real estate market in Gurugram. It will add to the supply of new homes and offices, which is likely to lead to a decrease in prices. This will make property more affordable for buyers and investors.
The new projects will also create jobs and boost the local economy. The construction of new homes and offices will require a large workforce, which will benefit the local community. Additionally, the new projects will generate new tax revenue for the government, which can be used to fund public services and infrastructure.
Overall, the delivery of 6.5 million sq ft of new space by M3M is a positive development for the real estate market in Gurugram. It is expected to make property more affordable for buyers, create jobs, and boost the local economy.
