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
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