M3M, The Largest Developer of Retail Space in Gurgaon, Acquires Land in Gurugram Sector-25 for INR 200 Cr

According to real estate news sources, real estate developer M3M has bought a 1.3-acre land tract in Gurugram's Sector-25 via an e-auction organised by Haryana Shahari Vikas Pradhikaran.

It is one of the most expensive land purchases in terms of price per acre, with prices comparable to those in Lutyens' Delhi.

According to Mr. Pankaj, the real estate development business would create around 300,000 square feet of retail and office space with an extra expenditure of 250 crore.

According to Mr. Bansal, the retail sector has increased, and they anticipated building a full luxury boutique retail strategy.

He also claimed that the new construction will be a super luxury retail complex and would host the world's most prestigious brands, adding value to Millennium City and making the project comparable to Lutyens' Delhi.

We have already received inquiries from internationally renowned businesses. He said that the project would consist of retail space, multiplexes, and offices, with a total anticipated income of 1 billion rupees. It will include retail spaces, anchor businesses, a hypermarket, food and beverage establishments, a four-screen movie theatre, and offices with a variety of facilities and services.

Previously, the real estate developer had bought two plots of land in Gurgaon's Sector 57, where it intends to construct 800,000 square feet of retail space at a cost of Rs. 530 crore.

The 1.5-acre and 3.5-acre plots in Sector 57 are on the major road, and the corporation will create high-streets in response to the growing need for open markets after the Covid-19 outbreak.

M3M India has produced 3,900,000 square feet of retail space on Golf Course Road (Extension) to far, making it the biggest developer of retail space in Gurgaon.

Mr. Pankaj said that M3M India has already partnered with more than 200 prestigious businesses and added that the timely delivery of our projects makes it easy for clients and investors to evaluate their investments and inflation rates.