M3M to invest close to ₹1200 crore for a luxury project in Gurugram

The 4-acre project is part of the 60-acre M3M Golf Estate project in Gurugram and has a revenue potential of ₹4,000 crore, the company said

Published on: May 23, 2024, 03:00:09 IST

By HT News Desk

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Gurugram-based real estate developer M3M Group has launched an uber luxury project on Golf Course Road Extension for which it will be investing close to ₹1200 crore, the company said in a statement.

The 4-acre project is part of the 60-acre M3M Golf Estate and has a revenue potential of ₹4,000 crore.

The project to be called M3M Altitude will have a revenue potential of ₹4000 crore, the company said.

The project is being designed by globally-renowned architects from London, Uptown Hansen Architects (UHA).

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The development cost of the project is ₹1200 crores. There will be 350 homes, with prices ranging from ₹10 crore to ₹30 crores. It will be delivered by 2031, the company said.

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“In recent years, GCRE has emerged as Gurgaon's ultimate destination for luxury residences, catalyzing a surge in demand and substantial annual price appreciation,” said Sudeep Bhatt, President, M3M India.

M3M Altitude Landscape is being designed by the Oracle Landscape. It will comprise 4 bhk (plus a servant room) and penthouses ranging from 3780 sq ft to 8000 sq ft.

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The project will also have the tallest sky club in Gurugram measuring around 2 million sq ft, the company said.

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