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
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