Realty developer M3M plans to deliver six projects in FY24 spread across 6.5 million sq ft and with a construction cost of Rs 3,250 crore.
In the first half of FY24, M3M India has delivered two residential projects – M3M Heights and M3M Flora68, and one commercial project M3M Skylofts, comprising about 2.5 million square feet of space with a construction cost of Rs1250 crore.
In the second half, the company aims to deliver 3 more projects – M3M Atrium57, M3M Soulitude and M3M Lofts74, comprising about 4 million square feet of space with a construction cost of Rs 2000 crore.
Last financial year, M3M India had launched a number of new retail and residential projects including – M3M Capital residential project, and a kilometre-wide retail project – M3M Capital Walk, both on the Dwarka Expressway as part of Smart City Delhi Airport vision.
The company also launched premium retail projects M3M Jewel on MG Road, right on the IFFCO Chowk in Gurugram, and M3M Route65 on Golf Course Extension Road. The combined topline of these projects has been about Rs 7,650 crore.
M3M’s ongoing projects create about 14-15,000 employment opportunities at different levels.
Source : ET