GurgaonÂ’s real-estate market has started showing signs of revival with the M3M Group delivering five key projects after demonetisation. The move was expected to curb black money, but it also resulted in a slowdown in the real-estate sector. But now the scenario is changing, as players like M3M, one of the leaders in the luxury segment, have started to deliver key projects within a short span of time, post demonetisation.
The M3M Group has delivered five of its projects from November 2016 till April 2017. Delivery started with commercial projects M3M Cosmopolitan in November 2016 and later M3M Urbana (commercial) in February 2017. Now, three of the GroupÂ’s signature residential projects in the luxury segment, M3M Golf Estate, M3M Merlin and M3M Woodshire have been delivered. The expected sales revenue from these projects is Rs 7,500 crore.
Â“We have a slew of projects lined up for delivery. After successful delivery of M3M Cosmopolitan and M3M Urbana, three of our residential projects M3M Golf Estate, M3M Merlin and M3M Woodshire are now getting delivered. World-class designs, topnotch amenities and high-end materials distinguish us as developers and we are well on course to give (an) end-to-end luxury living experience to our patrons,Â” said Pankaj Bansal, Director, M3M Group.