M3M India lines up Rs 2,500 crore for land acquisition

Real estate developer M3M India has committed Rs 2,500 crore for land acquisition in the next few months, the majority of which will go towards land auctions in Noida, a senior executive said.

The firm recently acquired land worth Rs 2,500 crore in Gurgaon and said that its annual target is to make acquisitions worth Rs 5,000 crore in 2026.

It will invest another Rs 14,500 crore to accelerate the construction of its 45 million sq. ft. under-development portfolio.


“We are a zero-debt company and have Rs 12,000 crore in customer receivables lined up for the year. This will be used to fund the acquisition and construction,” said Pankaj Bansal, promoter, M3M India, and founder of Smartworld Developers.

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The Noida Authority is in the process of auctioning three prime land parcels, and M3M, which has acquired land from the authority in the past, is eyeing the land as part of the upcoming auction.

“We want to expand our presence in Noida, and the land available is near our existing developments. This makes it ideal for us to acquire,” Bansal said.

M3M India has identified 7.8 million sq. ft. for completion by the end of this financial year, spanning premium residential and mixed-use commercial projects.

The company has secured occupancy certificates for all five developments. Residential projects account for 5.8 million sq. ft. , including M3M Capital 113 (3.2 million sq. ft. ) and M3M Antalya Hills 79 (2.6 million sq. ft. ).

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The remaining 2 million sq. ft. is allocated to mixed-use commercial developments, including M3M Capital Walk 113 (0.8 million sq. ft. ), M3M Paragon 57 (0.9 million sq. ft. ) and M3M Jewel 25 (0.3 million sq. ft. ).

M3M India has brought globally recognised luxury collaborations, including Trump Towers, Jacob & Co. and Elie Saab, to India’s residential market, reinforcing its positioning in the premium and luxury segments.