M3M India's Q1 Sales Soar 37% to Rs 3911 Crore, Boosted by Gurugram, Noida, and Panipat Demand
Realty firm M3M India reports robust growth in Q1 sales, driven by strong demand in key markets.
M3m IndiaReal EstateDelhi NcrGurugramNoidaPanipatReal Estate NewsAug 23, 2024
The company's sales bookings stood at Rs 2,854 crore in the year-ago period. Breaking down the sales figures, Rs 2,972 crore pertained to the housing segment, while Rs 940 crore came from commercial properties.
M3M India's sales bookings in Gurugram stood at a notable Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Additionally, sales of residential plots at Panipat in Haryana were Rs 1,094 crore.
According to Sudeep Bhatt, President, M3M India, the company's Q1 results for 2024-25 demonstrate their commitment to delivering high-quality real estate solutions. With a strong pipeline of ultra-luxury projects lined up for launch in FY25, the company is confident of sustaining this momentum and continuing to create value for stakeholders.
M3M India has an impressive portfolio of 56 projects spread across retail, residential, offices, and service apartments. All projects launched prior to 2019 have already been delivered, and construction is in full swing in the rest of the projects. The company boasts a land bank of 3,000 acres across Gurugram, Noida, and Panipat.
The growth in M3M India's sales is reflective of the overall trend in the Delhi NCR housing market. According to housing brokerage firm PropTiger, housing sales in Delhi NCR rose 10% in the April-June period this year to 11,065 units from 10,058 units in the previous quarter.
Information
M3M India is a renowned real estate developer with a strong presence in the Delhi NCR region. With a focus on quality and innovation, the company has established itself as a leader in the industry.
M3M India is a leading real estate developer in India, with a portfolio of 56 projects across various segments. The company is committed to delivering high-quality real estate solutions and creating value for its stakeholders.
Frequently Asked Questions
What was M3M India's sales figure for Q1 2024-25?
Rs 3,911 crore
What was the growth rate in M3M India's sales compared to the year-ago period?
37%
Which markets contributed significantly to M3M India's sales?
Gurugram, Noida, and Panipat
How many projects does M3M India have in its portfolio?
56
What is the size of M3M India's land bank?
3,000 acres
Related News Articles
Luxury Property Sales Soar in Mumbai's Real Estate Market
Revenue from property registrations has risen by 16% year-on-year in Mumbai
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Selling Your House in a Tough Market: Tips for Homeowners
Real estate is a cherished asset for many Indian households, but the current market conditions are making it challenging for homeowners to find buyers. Learn how to navigate this tough market and increase your chances of a successful sale.
House of Hiranandani to Invest Rs 12,500 Crore in Mumbai Region Expansion
Surendra Hiranandani-led House of Hiranandani, a renowned name in the Indian real estate sector, has announced a strategic investment of Rs 12,500 crore to expand its presence in the Mumbai region.
Pune-Bengaluru Expressway: 700-KM Project to Halve Travel Time, Boost Economic Growth
The National Highways Authority of India (NHAI) has announced the construction of a new 700-kilometer expressway between Pune and Bengaluru, which is expected to cut travel time by half and significantly boost the real estate and economic sectors in the r
Lodha vs Lodha: TheSibling Rivalry in India’s Top Real Estate Dynasty
More than three years after dividing their father's real estate empire, the Lodha siblings find themselves embroiled in a bitter legal battle.