M3M Soulitude Residential Project crosses Rs.1000 Crore Sales within first week of launch

M3M Soulitude Residential Project crosses Rs.1000 Crore Sales within first week of launch

M3M clocked sales of Rs.3,034 Cr between Apr-Sept 2021, which includes Under-construction residential sales of Rs. 1,450 Cr; Underconstruction commercial sales of Rs. 835 Cr; Projects sales of Rs. 749 Cr

Properties in Udaipur Properties in Gurgaon Properties in Gurugram M3M Soulitude Properties by M3M
  • M3M Soulitude Residential Project has 1000+ Units and is based at NPR

  • M3M India aims to deliver the project by 2023

M3M, India’s leading real estate developer, has registered phenomenal success through its new project – M3M Soulitude. Within the first week of launch of the project the Company has registered a robust sales of over Rs.1000 crore.

“We are quite pleased with the response we have received for our M3M Soulitude project. Within the first week itself we have crossed Rs.1000 crore sales. The project will have 2 BHK and 3 BHK accommodation, with an average sizes of 1100 square feet and 1400 square feet respectively. These units are priced between Rs.70-90 lakhs. The Company aims to deliver the project by 2023. M3M Soulitude project is located at sector 89 at NPR and offers best of both the worlds―advantage of low rise and convenience, security and amenities of a condominium” - Pankaj Bansal, Director, M3M India

In the first phase, M3M India has come up with 2 BHK and 3 BHK accommodation with features like landscaped greens, jogging tracks and other amenities, including dedicated utility space - which acts as a basement; elevated pathways, and landscaping at top level, which acts as one’s terrace. A world class Clubhouse offers all the recreational facilities including a temperature-controlled pool.

The project's proximity to Dwarka Expressway, CPR and NH8 has also been the catalyst towards attracting the attention of prospective homebuyers.

“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," Pankaj Bansal, Director, M3M India

Announcement of the Dwarka Expressway completion by early 2023 has given the much required impetus to NPR. The NPR has bolstered its position as the most sought-after location in NCR, owing to large infrastructure development, excellent connectivity and vibrant social infrastructure. This announcement was made by Hon’ble Union Minister for Ministry of Road, Transport and Highways, Shri Nitin Gadkari.

Pankaj Bansal added that M3M India has delivered ten key residential and commercial projects in the last 6 months. This achievement reinstates the company's 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 a loan of Rs.418 crore in Q4 FY 2020-21 ahead of its target of 400 crore. The Company is confident of clearing the balance liabilities by March 2022. In keeping with company’s aggressive growth plan in different segments - residential, commercial and retail, they are looking forward to reducing their debt by nearly Rs.500 crore by the end of FY 2022.

M3M India has seen a meteoric rise in a short span of a decade. With strategic customer centric campaigns and timely delivery of projects, the Company has grown from strength to strength. In the last six months, April-September 2021, the Company has clocked sales of Rs.3034 crore which includes under-construction residential sales of Rs.1450 crore, underconstruction commercial sales of Rs.835 crore and delivered projects sales of Rs.749 crore.

About M3M:

M3M India is the no.1 developer in North India & no. 2 in India, in terms of sales. The group has also come up with North India’s first and only Trump Towers.

M3M India had envisioned reimagining the luxury real estate scenario with the help of competent real estate experts and today the group has a robust portfolio of 39 projects out of which 27 projects have been delivered despite market upheavals. M3M has been the only developer to deliver 15 projects in a short span of a year (July2020-August 2021).

With a prime land bank of 2200 acres, it has established itself as one of the largest real estate conglomerates across the country. The brand achieved Rs.4,600 crore worth of sales in the last financial year.

For more details, please contact:

Pavan Kaushik

Vice President and Head of Corporate Communication, M3M India

Phone : 9928844499, 9116699949

Email : pavan.kaushik@m3mindia.com

Anchal Singhal

General Manager – Corporate Communication and PR, M3M India

Email : anchal@m3mindia.com

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