M3M India Invests Rs 700 Cr On New Retail Project in Gurugram
Realty firm M3M India said it will invest Rs 700 crore to develop a new retail property in Gurugram, Haryana. The company said that it has launched a retail project - 'M3M Capitalwalk’ in sector 113, Gurugram, on the 150-metre-wide Dwarka Expressway. The project will have 1,047 units of different sizes, ranging from 100 to 3,000 sq ft. M3M is looking for a topline of Rs 2,000 crore from this project. Pankaj Bansal, Director–M3M India, said the company is making investments to build a portfolio of 6 million square feet of retail space. The new project will have 1 million square feet of saleable space, he added. The company's residential project 'M3M Capital' and retail project 'M3M Capitalwalk' are spread across 25 acres. The residential project, comprising 1,700 units, is expected to generate a revenue of Rs 3,500 crore. Recently, M3M India has launched a 5 lakh sq ft retail project – 'M3M Route65' in Gurugram with an estimated topline of Rs 1,000 crore from this project. M3M India has launched 41 projects so far, of which 28 projects have already been delivered. The company is one of the leading real estate firms in the Gurugram market in the Delhi-NCR region. PTI MJH DRR.
Tags : Realty firm M3M India develop retail property Gurugram Haryana Pankaj Bansal Director M3M India