Gurgaon-based (or Gurugram after the name change) real estate major, the M3M Group, says it has delivered five key projects post demonetisation and that the real estate market of Gurgaon has started showing signs of recovery. In a statement, the company said: "M3M Group has delivered five of its projects from November 2016 till April 2017. The delivery started with its commercial projects M3M Cosmopolitan in November 2016 and later M3M Urbana (commercial) in February 2017. Now, two of the Group’s signature residential projects in the luxury segment, M3M Golf Estate and M3M Merlin have been delivered. M3M Woodshire, another residential project is slated for delivery next week," it said adding that the expected sales revenue from these projects is Rs 7500 crore.
“We have a slew of projects lined up for delivery. After successful delivery of M3M Cosmopolitan and M3M Urbana, three of our residential projects M3M Golf Estate, M3M Merlin and M3M Woodshire are now getting delivered. World-class designs, top notch amenities and high-end materials distinguish us as developers and we are well on course to give end-to-end luxury living experience to our patrons,” said Pankaj Bansal, Director, M3M Group.
Cosmopolitan and Urbana are the mixed-use development projects from M3M Group. Cosmopolitan is located at Sector 66, Gurugram and is the first hi-street retail hub on Golf Course Road Extension. It was delivered in November 2016. It is around 3 acres of mixed-use development project which has 172 office units and 135 retail units. "More than 30 popular brands have signed-up and channels are open for many more to follow," the company said in a statement.
M3M Urbana is located at Sector 67, Gurugram. It is the largest integrated commercial development project of the company that was delivered in February, 2017. Spread across approximately 12 acres of mixed-use development project, it has offices (127 units), retail (400 units) and five F&B outlets.
Apart from this, the group has also delivered a slew of residential projects including M3M Golfestate, M3M Merlin and M3M Woodshire. M3M Golfestate is the flagship project spread across 66 acres of landscaped greens having over 500 units lined up for delivery in the first phase of the project. The project has 3,4 BHK, imperial duplex and triplex residences and Penthouses and features a 9-hole executive Golf course designed by Golf Plan, USA. Landscaping has been done by Geyer Coburn Hutchins (USA). The project has a combination of low-rise, mid-rise and high-rise towers and the project comprises luxury apartments. It is prominently located on the Golf Course Road Extension, Sector 65, Gurugram.
M3M Merlin is located at Sector 67m Gurugram. It is spread across 14 acres and is conceptualized around the idea of bringing Singaporean lifestyle to Gurugram. The project has 520 units. Another of its projects - the M3M Woodshire - is located at sector 107, near Dwarka Expressway, Gurugram, which is a fast-developing zone and located just 15 minutes away from the Delhi International Airport. The project has 995 units - with 512 units lined up for delivery shortly - and is spread across approximately 18.3 acres.
BW Reporters
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