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

M3M Sees 37% Surge in Q1 Sales as Housing Demand Picks Up
Real Estate News:New Delhi M3M India, a leading real estate company, has reported a significant 37% increase in sales of residential and commercial properties in the first quarter of the financial year 2024-25. The company's sales bookings stood at Rs 3,911 crore in the April-June quarter, up from Rs 2,854 crore in the same period last year.

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

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