The real estate industry is going through challenging times since the pandemic has hit the world. But this doesn’t hold true for Gurugram based M3M. It is India’s leading real estate developer that claims to have successfully reached sales worth Rs 1000 crore mark for its latest launch, M3M Soulitude. M3M Soulitude has registered sales of Rs 1000 crore within the first week of its launch. The project will offer 2BHK and 3BHK apartments with sizes of 1100 square feet and 1400 square feet, respectively. These units can be bought in the price range of Rs 70 lakh and Rs 90 lakh. M3M Soulitude is expected to be delivered by 2023.
M3M Soulitude is strategically located at NPR in sector 89 and offers the best blend of both- advantages of low rise apartments and convenience, security, and plush amenities of high rise apartments. In the first phase, the developer is offering 2BHK and 3BHK accommodations with attractive features like landscaped greens, wide jogging tracks, and other amenities including basement, landscaping at top level to offer terrace area, and elevated pathways. One of the best attractions of this project is its close proximity to Dwarka Expressway, CPR and NH8 which attracts buyers to buy home here.
“M3M India has identified buyers’ need for low rise residential spaces that address their aspirational lifestyle. M3M Soulitude is perfectly in tune with the requirements of today’s perceptive customers who are looking for low density residential space, amenity rich accommodation, comfort and security under one roof,” said M3M official.
Mr. Bansal further added, “M3M India has delivered ten key residential and commercial projects in the last 6 months. This achievement reinstates our commitment towards timely delivery of projects and positions M3M India as a trusted developer, amongst both customers and investors. 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 crore. It is confident of clearing the balance liabilities by March 2022. In keeping with the company’s aggressive growth plan in different segments – residential, commercial and retail – we are looking forward to reduce our debt by nearly Rs 500 crore by the end of FY 2022,” Bansal said.
M3M India has grown by leaps and bounds in short span of time. Looking at the last six months, from April to September, M3M has locked sales of Rs 3034 crore which includes under construction residential sale of Rs 1450 crore, under construction commercial sales of Rs 835 crore and delivered project sales of Rs 749 crore.