Gurugram-based M3M Group has successfully reduced its debt by ₹2,473 crore over the past 18 months, bringing its outstanding debt to ₹1,302 crore as of August 31, 2024.
M3m GroupReal EstateDebt ReductionSales PerformanceFinancial HealthReal Estate MumbaiOct 06, 2024
M3M Group has reduced its debt by ₹2,473 crore over the past 18 months.
M3M Group's current outstanding debt is ₹1,302 crore as of August 31, 2024.
M3M Group repaid its debt to institutions such as Pragati Asia Group (PAG), ICICI Bank, IndusInd Bank, L&T Finance, Punjab National Bank, Indiabulls Housing Finance, STCI Finance, and Kotak Mahindra Bank.
M3M Group recorded sales of ₹3,911 crore in the first quarter of the ongoing financial year, marking a 37% increase from ₹2,854 crore in Q1 FY24.
M3M Group currently has 56 projects in various stages of development, ranging from retail and residential to offices and service apartments.
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