M3M India purchases a land parcel of 25 acres in Gurgaon

GURGAON, India - Oct. 13, 2020 - PRLog -- M3M India, one of the leading real estate builders in Gurgaon, has recently acquired a land parcel of 25 acres in the city for INR 250 crore. Although the developer has been focused on high-rise developments so far, this land parcel would be used to build a low-rise residential project. It is expected that the Deen Dayal Awas Yojana by Haryana Government would benefit this project greatly.

Currently, various builders are coming up with projects which offer plots or individual floors as they are easy to monetise. At a time when the real estate industry is undergoing a credit crunch, such quick monetisation is crucial. M3M is planning to do the same with this 25-acre plot.

Most of the sales in the Indian real estate market are recorded in the Delhi NCR and the MMR, along with other cities. With a high demand for residential and commercial properties alike, Gurgaon is a crucial real estate hotspot in the Delhi NCR. In recent years, the scenario in the real estate industry in Gurgaon has developed further, with an increasing number of new project launches. Leading real estate companies like M3M India have been acquiring large land parcels so that they can keep on developing their projects.

M3M India has earned a good reputation in Gurgaon, particularly in the luxury segment of real estate. They have delivered several high-end residential and commercial projects in the city, building up a good track record. Currently, about a dozen real estate projects including the landmark Trump Tower are being built by M3M India.

The M3M projects in Gurgaon usually become plenty of investment as the properties they offer are highly sought after. It is expected that even though the builder doesn't usually go for low rise development, the one built on this new land parcel would be a grand success.

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