M3M Sees 37% Surge in Q1 Sales as Housing Demand Picks Up
Real estate company M3M India reports a 37% increase in sales of residential and commercial properties in Q1, driven by strong demand for housing.
Real EstateHousing DemandM3m IndiaResidential PropertiesCommercial PropertiesReal Estate NewsAug 24, 2024
The company attributed the growth to higher demand for residential properties, with sales bookings in the housing segment reaching Rs 2,972 crore. Commercial properties contributed Rs 940 crore to the total sales bookings.
M3M India's projects in Gurugram, Noida, and Panipat performed well, with sales bookings of Rs 2,415 crore, Rs 402 crore, and Rs 1,094 crore, respectively.
Frequently Asked Questions
What was M3M India's sales bookings in Q1 of FY25?
Rs 3,911 crore
What was the growth rate in sales bookings compared to the same period last year?
37%
Which segment contributed the most to M3M India's sales bookings in Q1?
Housing segment, with sales bookings of Rs 2,972 crore
How many projects does M3M India have in its portfolio?
56 projects across retail, residential, offices, and service apartments
What is the size of M3M India's land bank?
3,000 acres across Gurugram, Noida, and Panipat
Related News Articles
MahaRERA Mandates Separate Bank Accounts for Developers to Ensure Transparency and Accountability
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced new guidelines for developers to maintain separate bank accounts for project funds, ensuring transparency and accountability in financial operations.
Maharashtra's Housing Initiatives: A Model for Affordable, Sustainable, and Inclusive Living
Maharashtra government's housing initiatives aim to provide affordable, sustainable, and inclusive living for all. Shri Atul Save, Hon’ble Minister, Department of Housing, shares his vision for transforming Maharashtra into a model state.
Luxury Housing Boom: What's Driving the Upper Class to Splurge on High-End Properties?
The real estate sector is witnessing a significant resurgence, particularly among ultra-high-net-worth individuals (UHNWIs). This trend has sparked renewed interest in luxury properties, driving up demand and prices in the high-end market.
Dubai Property Prices and Rents Expected to Stabilize by 2026
Despite potential declines over the next 18 months, experts predict that the residential real estate market in Dubai will stabilize by 2026, driven by strong economic fundamentals and ongoing investments.
Understanding the Impact of Cost Overruns on Major Infrastructure Projects in India
India's ambitious infrastructure projects often face significant delays and cost overruns, affecting the country's development and economic growth. This article explores the reasons behind these issues and their implications.
Arkade Developers Targets Rs 740 Crore from Mumbai Redevelopment Project
Real estate firm Arkade Developers has secured the redevelopment rights for a co-operative housing society in Mumbai, with an ambitious target of generating Rs 740 crore from the project.