Gurugram: The real estate sector has witnessed significant growth in both residential and commercial sectors during the year 2021-22. According to the IBEF report, the real estate sector is expected to contribute 13% to India’s GDP by 2025 and the market is also expected to grow from Rs 12,000 crore in 2019 to Rs 65,000 crore in India. by 2040. Without denying, the real estate sector – particularly the residential sector, has made a remarkable comeback after the pandemic, and investors are actively looking to invest in the sector.
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The report also said that the momentum in housing demand in India’s six major cities is also expected to continue this fiscal year with an increase of 5-10%, despite rising property prices, interest rates and a high base effect.
The growth rate of the real estate sector was also underlined by the Minister of Finance in her budget speech and also indicated that urban planning will be the main concern, as almost half of the country’s population is expected to live in the cities by 2047, when India will celebrate 100 years of independence.
There are a number of metropolitan cities including Gurugram, Noida, Ghaziabad, etc. which saw approximately 96% growth in home sales and a 24% increase in new projects and launches.
In the current scenario, Gurugram is likely to dominate the property market in Delhi-NCR. As Delhi is poised to come under pressure to cater to residential and commercial needs, Gurugram is emerging as the hottest destination for homebuyers in recent times.
M3M India is a leading player in retail, residential and commercial projects with around 40 projects under its belt in Gurugram itself. M3M’s landmark projects, M3M Golfestate and Trump Towers Delhi NCR in Gurugram, have become the testimonies of the level of development Gurugram has witnessed in real estate. M3M Golfestate – the 56 acre ultra-luxury resort as residential resort, is a cutting edge architecture and has won a number of prestigious awards for being one of the best luxury projects in India and abroad.
True to its reputation for fast delivery of all its projects, the Company launched 27 projects before 2018 and 25 projects have already been delivered. Construction of the two remaining projects, the iconic Trump Towers and M3M Heights, is in full swing and these projects are expected to be completed soon.
To its credit, the five new projects launched by M3M India after 2018, including M3M Marina, M3M Prive and M3M Natura, have already been successfully delivered to customers. In addition, construction is in full swing in 5 newly launched projects including M3M Soulitude, M3M Capital and M3M Atrium57. Indeed, ‘M3M Soulitude’ (residential), is already full.
Recently, the company has also developed the new luxury golf residential project, ‘M3M Capital’, at Sector 113, Gurugram, directly on the Dwarka Highway. Located close to Aerocity and Delhi International Airport, M3M Capital is part of a larger vision of Delhi Smart City Airport.
Realizing the urgent need to develop NPR and SPR, Pankaj Bansal, Director of M3M India, explains, “There are a number of vacant plots of land at strategic locations. These plots of land need to be developed in the form of residential and commercial spaces to meet the needs of potential buyers, and no doubt the non-utilization of these plots of land has also moved Delhi away from Gurugram, and vice versa. The new project “M3M Capital” launched by M3M India in Sector 113, Gurugram-Dwarka Expressway, rightly relates to the beginning of the use of these large plots of land. »
M3M India, with around 40 projects, comprising 4 million square feet of retail space and 20 million square feet of total space, has set its own benchmark in the real estate sector.
With a prime land bank of 2400 acres, M3M India has established itself as one of the largest real estate conglomerates in the country.
M3M Foundation – The philanthropic arm of M3M India
M3M Foundation, a social and philanthropic arm of M3M India was established in 2019 with the vision of
communities by creating multiple opportunities for disadvantaged people. The M3M Foundation fulfills its obligations to society through various initiatives such as iMPower, Kartavya, Kaushal Sambhal, Lakshaya, Mashaal Fellowship, Saakshar, Sankalp, Sarvodaya and Vaatsalya.
In a recently launched program ‘Lakshaya’, the M3M Foundation has provided scholarships to Indian players who have excelled in the game but are unable to advance due to financial constraints. In fact, with the aim of creating employment opportunities for local youths and women, M3M Foundation launched a vocational training center – iMpower Academy for Skills – on May 28 in Tauru Block, Nuh District. in Haryana and another center in Badshahpur, Gurugram on June 17. . The iMpower Academy for Skills is an integral part of the national initiative of the foundation “Kaushal Sambal” which aims to train 10,000 young people in various employable and entrepreneurial skills over the next three years. For this one-of-a-kind project in Tauru, the M3M Foundation has partnered with Paris-based international development organization Aide et Action, working in 19 countries around the world, including India and Empower Foundation – a non-profit organization established in India, working for skills development in Badshahpur, and many other partnerships are underway to achieve the set goal.
Through these development programs in the areas of education, health, environment, sport and social infrastructure, the M3M Foundation aims to promote the overall development of a more humane and independent society in Europe. coming.
Disclaimer: This article was produced on behalf of M3M India by the Mediawire team.
