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NEW DELHI: M3M India has announced an investment of approximately ₹14,500 crore to support the development of its portfolio exceeding 45 million sq ft currently under construction, as stated in a recent media release.
The company’s developments will be financed through internal resources and working capital, proudly maintaining a debt-free balance sheet.
M3M has earmarked 7.8 million sq ft for completion by FY27, focusing on premium residential and mixed-use commercial projects. Residential properties comprise 5.8 million sq ft, of which M3M Capital 113 accounts for 3.2 million sq ft and M3M Antalya Hills 79 constitutes 2.6 million sq ft.
The remaining 2 million sq ft is designated for mixed-use commercial initiatives, 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).
Pratik Tibrewala, the company’s Head of Corporate Finance, stated, “This entire capital investment is sourced from our internal accruals and working capital, which reinforces M3M’s strong balance sheet and our commitment to a net zero-debt position.”
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