M3M India’s June Quarter Sales Soar by 37%

M3M India, a prominent player in the real estate sector, has recorded a remarkable 37% increase in its sales for the June quarter of the fiscal year 2024-25, amounting to an impressive INR 3,911 crore.

This growth, driven by strong market demand, highlights the company’s ability to navigate the competitive landscape of the Indian real estate industry effectively. In comparison to the same period last year, where the sales bookings stood at INR 2,854 crore, the current fiscal’s figures reflect a significant uptick. The majority of this growth has been driven by the residential segment, which contributed INR 2,972 crore, while the commercial properties added another INR 940 crore to the total sales for the quarter.

M3M India’s success in this quarter is particularly pronounced in the key markets of Gurugram, Noida, and Panipat. The Gurugram market alone accounted for INR 2,415 crore of the total sales bookings, indicating the city’s continued prominence as a real estate hotspot. Noida followed with INR 402 crore in sales, while Panipat contributed INR 1,094 crore, predominantly from residential plot sales. The company’s spokesperson highlighted the robust performance in Q1 FY25, attributing the success to M3M India’s unwavering commitment to delivering high-quality real estate solutions.

“Our strong pipeline of ultra-luxury projects set for launch in FY25 underlines our confidence in maintaining this growth trajectory. We are dedicated to creating substantial value for our stakeholders,” the spokesperson added. M3M India’s strategic focus remains on the timely delivery of its ongoing projects. The company has already delivered all its projects launched before 2019 and continues to make swift progress on its remaining developments. With a substantial land bank of 3,000 acres across Gurugram, Noida, and Panipat, M3M India is well-positioned to capitalise on future growth opportunities in these regions.

The broader market dynamics also support this growth trend, as indicated by a 10% increase in housing sales within the Delhi-NCR region during the same period, according to PropTiger, a leading housing brokerage firm. M3M India’s performance in the June quarter not only underscores its resilience but also reaffirms its status as a leading real estate developer in the country, poised to further expand its footprint in the coming quarters.