News
M3M Group becomes ‘largest’ investor at ‘Happening Haryana’
Chinese real estate giant Wanda and Gurgaon-based M3M Group emerged as the largest investors in the global and national categories respectively, at the ‘Happening Haryana’ summit that concluded in Gurgaon recently.
According to a press release issued by M3M, the Group signed MOUs accumulating to Rs 45,000 crore over a period of 5-10 years in and across Haryana. The MOUs were signed by Basant Bansal, Chairman and Founder, M3M Group, in the presence of Chief Minister Manohar Lal Khatter.
The press release said out of the Rs45,000 crore, Rs26,000 crore will go towards the development of a smart city project in Gurgaon and Rs 9,000 crore towards taking forward the ‘Housing for All’ programme. The projects will have smaller size apartments in the range of 30 to 60 square metres. M3M is also foraying into development of IT Park and IT SEZ planned to be developed at the cost of Rs 2,000 crore. IT companies operating out of these facilities are expected to employ between 40,000 to 50,000 employees.
Bansal said, “As a first generation entrepreneur, my vision is to make Gurgaon the smartest city of India, a city which is completely sustainable with all modern technologies and infrastructure. I am happy to partner with the Government of Haryana in this initiative.”
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores