May 23, 2024 |
M3M Group Unveils Rs 1200-Cr Premium Project M3M Altitude on Golf Course Extension Road, Eyes Rs 4000-Cr Topline
There will be 350 homes in the project, with prices ranging from Rs 10 crore to Rs 30 crore. The project is slated to be delivered by 2031.
Luxury real estate developer M3M Group has launched the most premium product of the Golf Course Extension Road, ‘M3M Altitude’. Projecting an impressive revenue potential of Rs 4000 crore, the project’s allure is magnified by its proximity to the esteemed Trump Towers and a meticulously-designed 9-hole Golf Course.
This 4-acre project is part of the 60-acre exclusive community ‘M3M Golf Estate’. The project is being designed by globally-renowned architects from London, Uptown Hansen Architects (UHA). The development cost of the project is Rs 1200 crore, with total saleable area of 10 lakh sq ft.
There will be 350 homes, with prices ranging from Rs 10 crore to Rs 30 crore. The project is slated to be delivered by 2031.
According to the company, the Golf Course Extension Road (GCRE) has become the dream investment destination in the country. It has also solidified its position as the country’s premier housing and retail destination.
“In recent years, GCRE has emerged as Gurgaon’s ultimate destination for luxury residences, catalyzing a surge in demand and substantial annual price appreciation of up to 40%. With average prices reaching a plus of 20,000 psf in 2023 and projections indicating further escalation to more than 50,000 psf over the next 3 years, the growth trajectory is remarkable. M3M is unveiling its latest masterpiece, reaffirming its pioneering status in the luxury real estate industry,” said Sudeep Bhatt, President, M3M India.
M3M Altitude’s landscape is being designed by the Oracle Landscape. The apartments will have a composition of 4 bhk (plus a servant room) and penthouses ranging from 3780 sq ft to 8000 sq ft.
The project features the tallest sky club in Gurgaon, measuring a staggering area of approx 2 million sq ft, which will have all amenities for the residents and will be connected with the residential units through a glass-air bridge, which will be the largest interconnected glass bridge in Gurgaon, the company claims.
Source : FE
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