M3M India, the Gurugram-founded developer behind some of Delhi NCR's most recognised residential addresses, has extended its footprint into Punjab with M3M Mohali, positioned on PR7 Airport Road in Sector 94.
The project sits close to the Ghaggar riverbed, and its location has been reported as
It is positioned near the Ghaggar riverbed, providing a peaceful environment. Beyond its home base, M3M India has established a notable presence in Gurugram, Noida, Manesar, Greater Noida & Chandigarh. The Mohali development is among the group's first residential moves into the Tricity market that sits outside its long-standing NCR-Panipat corridor.
M3M India traces its founding to Gurugram, where M3M India was officially founded in 2010, although its journey began in 2007 with the Bansal family's initial land acquisition in Gurgaon. The company is led by Basant Bansal, who serves as Founder Chairman, alongside promoters Roop Bansal and Pankaj Bansal.
Over roughly a decade and a half, the group built out a large Gurugram portfolio. The company has successfully completed 43 projects spanning 20 million square feet, and another 23 projects, covering 40 million square feet, are in full swing, adhering to the company's commitment to timely delivery. Its signature Gurugram addresses include M3M Golf Estate, M3M IFC and Trump Towers Gurugram; M3M Golf Estate — a 56-acre complex — is the flagship large-format residential development and holds multiple luxury project awards.
The group has since carried the same playbook into new geographies. In Panipat, Haryana, the company recently delivered Phase-I of M3M City of Dreams—a landmark 350-acre plotted development project with a total investment of Rs. 2,700 crore, the largest in recent years. On the capital-deployment side, M3M India has earmarked ₹2,500 crore for land acquisition in FY27, part of a wider ₹10,000 crore investment plan that also includes ₹7,200 crore for construction. The Chandigarh Tricity entry fits this broader pattern of a Gurugram-anchored developer following infrastructure and income growth into new North Indian markets rather than staying confined to its home city.
The chosen location for M3M's Tricity debut is telling. PR7 Airport Road is the corridor that ties Mohali's IT City and Aerocity zones directly to Chandigarh, and PR-7 Airport Road continues to be the connective spine linking Mohali's IT City, Aerocity/Aerotropolis zones, and the international airport to Chandigarh. From the Sector 94 site, Chandigarh International Airport is 15 minutes distant, making transportation easy.
The immediate neighbourhood carries institutional weight that matters to a luxury buyer: The Indian School of Business (ISB) Mohali is 10 minutes away, whilst Ashiana Public School and St. Xavier's International School are 15 minutes away. On the employment side, professionals working in IT City and Industrial Area Phase 8 benefit from their closeness. Reported unit types at M3M Mohali follow the group's usual Gurugram-style format — an upcoming residential project by M3M India with 2, 3, & 4 BHK apartments in a prime location.
Chandigarh's own real estate supply is structurally capped, which is part of what makes its immediate periphery relevant to a developer of M3M's scale. Chandigarh's core city cannot expand — it is a union territory with strict height restrictions and no available land for greenfield development. All overflow demand will continue to channel into Mohali and Zirakpur.
That overflow has been showing up in both price and buyer behaviour. Across the Tricity, property prices in key areas have risen by approximately 15–20% over the last three years, with Mohali emerging as a primary center for new development. The buyer profile has also shifted upmarket: market data suggests a significant change in buyer behavior, with over 60% of recent sales involving homes priced above ₹1 crore. In Mohali's IT City pocket specifically, IT City prices range from Rs. 7,000-10,000 per sqft.
Government-side signals point the same way. In March 2026, GMADA's own land auction sold 37 of 42 sites for ₹3,136.97 crore, 55% above the government's own reserve price, an indicator of sustained institutional and end-user demand for GMADA-planned sectors around Airport Road. Employment demand underpinning this is concrete rather than speculative: IT City Mohali in Sector 82–83 now hosts a number of big firm's offices of Infosys, Tech Mahindra and over 40 multinational firms, creating a permanent rental demand base that keeps vacancy rates below 8%.
Road and transit links reinforce why a developer positions a project on this specific corridor rather than deeper into Punjab. Direct access to NH-205A, NH-5, and Zirakpur–Patiala Highway. Chandigarh Railway Station is just 30 minutes away. Longer-term, upcoming metro connectivity plans to link Mohali with Chandigarh and Panchkula would add a further layer of access to a site that already sits on the region's primary airport artery.
For a buyer evaluating M3M in Chandigarh Tricity, the relevant reference points are the group's delivery record built over more than fifty Gurugram-area projects, its recent diversification into Panipat and Noida, and the specific choice of an Airport Road, Sector 94 address that places a resident within a short drive of the airport, ISB, and Mohali's IT City employment base. The Tricity's own price trajectory — steady rather than speculative, and increasingly concentrated in the above-₹1-crore segment — is the backdrop against which M3M's entry into this market should be read.
