M3M India reports 37% increase in real estate sales in June quarter

Realty firm M3M India on Friday reported a 37 per cent increase in sales of residential and commercial properties in the June quarter to Rs 3,911 crore on strong demand.

Its sales bookings stood at Rs 2,854 crore in the year-ago period.

Out of total sales bookings in the April-June period of the current fiscal, Rs 2,972 crore pertained to the housing segment and Rs 940 crore to commercial properties, the company said in a statement.

During the first quarter of this fiscal, M3M India said the total sales bookings in Gurugram stood at Rs 2,415 crore, while Noida projects contributed Rs 402 crore. Sales of residential plots at Panipat in Haryana were Rs 1,094 crore.

Sudeep Bhatt, President, M3M India, said the company has reported "robust growth in our Q1 results for 2024-25, demonstrating our commitment to delivering high-quality real estate solutions".

"With a strong pipeline of ultra-luxury projects lined up for launch in FY25, we are confident of sustaining this momentum and ...