M3M SEALS ONE OF THE LARGEST REAL ESTATE DEAL WITH DLF

M3M SEALS ONE OF THE LARGEST REAL ESTATE DEAL WITH DLF

·              Rs 440  CRORE WORTH  OF PRIME LAND IN GURGAON FROM THE DLF GROUP

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New Delhi, January 10, 2012: M3M, a leading real estate developer of India is proud to announce one of the largest land deal of 2011. M3M has bought 28 acres of prime land in Gurgaon from the DLF Group. The deal size is Rs 440 crore.

The land is strategically located in sector 70 A, on Golf Course (Extn)-Southern Peripheral Road, overlooking the Aravalis and connecting with the SPR (Southern Peripheral Road) to NH-8.

Speaking on the occasion, Mr. Pankaj Bansal, Director, M3M said “One More Feather To our Crown and the clinching of this deal has shown our commitment towards aggressive expansion plans in the near future. The company has already launched projects worth US$ 2.5 Billion in one and a half years, one of the few companies to have launched more than 10 million sq.ft in such a short span. M3M with its present land bank of over 600 acres is now working towards quantum investments in the real estate sector”.

Mr. Bansal further added that M3M India Limited is a 100% debt free company, promising a luxurious lifestyle in the heart of Gurgaon.

The deal was hotly contested between some of India’s leading real estate companies. However, it was M3M that bagged the deal.

Dr. Kunal Banerji, President-Marketing, M3M Group, while making this deal public, said, “We are very proud to have finally concluded such a large deal with one of the leaders of real estate, DLF.  As you know, we at M3M are on an expansion mode”.

The group with its consistent investments in superior technology and fine craftsmanship has been credited with bringing unique concepts to its consumers.