M3M India Sees 37% Surge in Real Estate Sales in Q1, FY25
Real Estate, Realty, Housing, M3M India, Sales Bookings
Real EstateRealtyHousingM3m IndiaSales BookingsReal EstateAug 23, 2024
The company's strong performance can be attributed to the robust demand for residential and commercial properties. Out of the total sales bookings, Rs 2,972 crore pertained to the housing segment, while Rs 940 crore was contributed by commercial properties.
M3M India's projects in Gurugram, Noida, and Panipat have been major contributors to the company's success. The company's sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore.
Frequently Asked Questions
What is the sales bookings figure for M3M India in Q1, FY25?
Rs 3,911 crore
What is the contribution of housing segment to M3M India's sales bookings?
Rs 2,972 crore
What is the land bank of M3M India across Gurugram, Noida, and Panipat?
3,000 acres
How many projects does M3M India have across various segments?
56 projects
What is the growth in housing sales in Delhi NCR in the April-June period this year?
10%
Related News Articles
MahaRERA Orders Tata Housing to Refund Buyer After Deducting 2% of Total Cost
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed Tata Housing Development Company Ltd to refund the money paid by a homebuyer after deducting 2% of the total consideration. This decision comes after the builder failed to execute th
Luxury Real Estate in Mumbai: A Haven for the Rich and Famous
Mumbai's luxury real estate market is experiencing a period of exceptional performance, with South and central Mumbai remaining hotspots for wealthy buyers.
Bombay HC Directs MHADA and Solapur Corporation to Pay ₹1.5 Lakh for Unlawful Land Retention
The Bombay High Court has imposed a cost of ₹1.5 lakh on the Maharashtra Housing and Area Development Authority (MHADA) and the Solapur Municipal Corporation for retaining land without proper acquisition for 37 years. The bench emphasized the importance o
2024: A Year of Transformation for Residential and Commercial Real Estate
2024 marked a transformative year for the real estate market, with luxury residences and premium commercial properties leading the way. Heightened demand, innovative practices, and supportive government policies fueled a robust performance, paving the way
Mumbai Property Registrations Rise 5% in November, Stamp Duty Revenue Up 30%
The real estate market in Mumbai has shown a significant boost with property registrations increasing by 5% in November. This surge has also led to a 30% increase in stamp duty revenue, according to the latest data. Industry experts attribute this shift t
Rental Market Surges: Indian Rents Up 7.4% QoQ; Chennai, Delhi, Thane Show Significant Hikes
India's rental market is booming, with average rents rising by 7.4% QoQ across 13 major cities, according to a report by Magicbricks. Chennai, Delhi, and Thane have seen the sharpest hikes.