M3M to Develop 2 Lakh sq ft of Retail Space in Gurgaon

M3M to Develop 2 Lakh sq ft of Retail Space in Gurgaon

Realty developer M3M will develop 2 lakh square feet of retail space in Gurgaon, Sushant Lok, Sector 57, Gurugram.

M3M Atrium57 will be a high street retail project that has all shops either facing main Atrium or the main road. The triple-height shops (30 feet height) at ground floor in Atrium57 have flexibility of adjusting the height as per the requirements.

“More than 200 prominent brands have already been associated with M3M India. We have delivered ten key residential and commercial projects in the last 6 months and overall 39 projects in a decade’s time,” said Pankaj Bansal, Director-M3M India.

The company has recently delivered M3M 65th Avenue, M3M Corner Walk and M3M Prive’.

M3M 65thAvenue is spread across a sprawling 9.85 lakhs square feet, M3M Corner Walk has 874 units with 8.7 lakhs square feet space and M3M Prive’ has 298 units with 1.9 lakh of square feet space.

M3M India till now has delivered 3.9 million square feet of retail space at Golf Course Road (extn.), which as per PropEquity, establishes M3M India as the largest retail space developer in Gurugram.

M3M India is also aggressively working towards reducing the debt liabilities. The Company has repaid loan of Rs 418 crore in Q4 FY 2020-21 ahead of its target of 400 crores.

The company is confident of clearing the balance liabilities by March 2022. In keeping with its aggressive growth plan in different segments – residential, commercial and retail, it is looking forward to reduce the debt by nearly Rs 500 crore by the end of FY 2022 and be a debt free company.

Source : ET

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