Realty developer M3M plans to reduce debt by nearly Rs 500 crore by the end of FY 2022, Pankaj Bansal, Director, M3M India said. The company has repaid loan of Rs 418 crore in Q4 FY 2020-21 ahead of its target of Rs 400 crore and is confident of clearing the balance liabilities by March […]
In the first phase, M3M India is coming up with 2 BHK and 3 BHK accommodation with features like landscaped greens, jogging tracks and other amenities. Even when the real estate industry is going through tough times, Gurugram-based M3M, India’s leading real estate developer, claims to have registered phenomenal success through its new project – […]
Amongst the investment options available such as a fixed deposit, gold, mutual funds and PPF, people still consider real estate or property investment as one of the safest ones. Being one of the few tangible investment options around, real estate is still the most trusted one. The opportunity cost of realty investment in comparison to […]
Real estate firm M3M Group will launch the first residential project on a part of the 185-acre land parcel it had bought from Sahara Group for ₹1,211 crore about six years ago, said a top company executive. The developer plans to launch about 1,100 premium apartments in Sector 113, Gurugram, in a month’s time. The two-bedroom […]
Realty firm Smart World Developers, which has been set up by M3M group promoters, on Tuesday said it will invest around Rs 3,000 crore to develop the company’s first two residential projects in Gurugram. The company plans to launch two housing projects during this month after getting the necessary regulatory approvals. “We are planning to […]
Favourable demographics, improved affordability of residential properties and historically low mortgage rates are pushing the demand for home loans, mortgage lenders said. Several major banks, mortgage companies and housing finance companies have significantly reduced their interest rates on home loans during the festival period to encash revival in housing demand after the second wave of […]
In the housing markets in Gurgaon and Faridabad, independent floors are gaining more traction than highrise apartments. This reversal of trend is being attributed to a change in buyer preferences due to the pandemic and other benefits such as shorter possession time, more area and privacy. As per a report by Anarock — a real […]
Although developers still remain cautious while launching new projects, new launches are likely to intensify in view of the growing housing demand and the upcoming festive season. Driven by growing homeownership sentiment, record-low home loan rates, lower Covid-19 cases in Q3, stable employment scenario, and robust hiring in the IT/ITeS and financial sectors, both housing […]
With the Haryana portion of the Delhi-Mumbai Expressway and the Sohna elevated road likely to be finished by next year, experts were of the opinion that the real estate sector will see a major development as they improve access, create jobs and allow people to move with ease Completion of major road infrastructure projects is […]
Bullish on demand for premium housing and office spaces, US-based realty firm Hines plans to expand its India business and is targeting to form at least three local partnerships for projects across major cities. Hines, a privately-owned global real estate investment firm, entered India in 2006 and has so far invested over USD 400 million […]