M3M India's move into Punjab is anchored on PR-7 Airport Road in Sector 94, Mohali, where the developer has planned a residential address positioned as its first major foothold in the Tricity region. The project on this stretch is described as a freshly launched residential landmark developed by M3M India, distinguished by its architectural ideas and designs. It is currently at the site-preparation and initial-infrastructure stage, the typical window in which early buyers get in ahead of a project's later pricing cycles.
The location choice is deliberate. M3M has built its reputation over more than a decade primarily around Gurugram's Golf Course Road corridors, and a move into Mohali places it in a market with a comparable profile: an administratively planned sector economy, an international airport at its edge, and an IT and institutional base drawing salaried and NRI buyers rather than pure speculative demand.
M3M India was founded in 2010 under Founder Chairman Basant Bansal, with Roop Bansal and Pankaj Bansal as promoters, and has since built a portfolio concentrated in Gurugram and the wider NCR. Its Gurugram body of work includes M3M Golfestate, M3M IFC and Trump Towers Gurugram, projects the company credits with helping establish Gurugram as a major real estate hub. By its own account, M3M's overall portfolio runs to 66 projects, of which 43 completed developments span roughly 20 million square feet, with another 23 projects covering about 40 million square feet under construction. The company has stated it is on track for record annual sales of approximately Rs 30,000 crore for FY 2024-25, having already booked around Rs 11,000 crore in the first two quarters.
That NCR-heavy footprint has more recently extended outward with launches in Noida's Sectors 94 and 72, a 350-acre plotted township in Panipat, and a stated Rs 7,500 crore commitment to new development in Uttar Pradesh. One industry listing of the group's footprint already names Chandigarh alongside Gurugram, Noida, Manesar and Greater Noida as markets where M3M has established presence, positioning the Mohali launch as a natural extension into the Tricity rather than a speculative first step into an unfamiliar geography.
Sector 94 is not a blank sector on Mohali's map. It is JLPL's self-contained residential mega-township spanning roughly 112.758 acres, with about 6.34 acres set aside specifically for parks, and it sits directly on PR-7 Airport Road, a 200-foot-wide corridor that runs from Aerocity's Block J to the Mohali-Kharar border. That road corridor already carries a cluster of residential and commercial development, and gives Sector 94 direct access to the Mohali-Ambala Greenfield Expressway, Mohali Railway Station and Shaheed Bhagat Singh International Airport.
M3M's project on this stretch is positioned near the Ghaggar riverbed, marketed as a quieter, riverside counterpoint to the density of Aerocity proper, while still sitting on the same PR-7 spine that links residents to Chandigarh and the airport. The unit mix runs across 2, 3 and 4 BHK configurations, with some 3 BHK layouts including a servant room or study and balconies facing the landscaped greens, alongside project-wide features such as 100 percent power backup for common and individual areas and a stated five-tier security setup.
Sector 94's core locational argument is airport proximity paired with Tricity access: it offers direct road links to Chandigarh, Zirakpur and Panchkula via the Mohali-Kharar road, with the Aerocity road adding a further connection. This is reinforced at a city level by the approved Chandigarh-Mohali-Panchkula metro project, a 39-km Mass Rapid Transit System that received Union Housing and Urban Affairs Ministry clearance, with its first phase, running through 2027-2037, including a corridor via Mohali Industrial Area and the airport. For a buyer evaluating M3M's Sector 94 project, that metro corridor and the existing Airport Road network are the two infrastructure threads that matter most for future commute times to Chandigarh's employment core.
Sector 94 currently trades at an average of around Rs 12,600 per square foot, having moved up roughly 21.7 percent year-on-year, a pace broadly in line with the wider Airport Road belt, where Aerocity apartment rates average near Rs 16,400 per square foot after a steeper annual rise. Demand in this corridor is driven less by speculative flipping than by the IT City corridor nearby, home to a large concentration of IT companies and a growing salaried workforce, alongside steady NRI interest from the Punjabi diaspora that has historically anchored Tricity real estate.
Beyond connectivity, the sector benefits from institutional anchors that support long-term residential demand rather than short-term speculation: the Indian School of Business and Chitkara University sit within easy reach, alongside established schools along the Airport Road corridor. Retail and hospitality have followed the same axis, with malls and commercial centres developing along PR-7 as the road corridor matures, giving residents of a project like M3M's Sector 94 development day-to-day convenience without depending on a drive into central Chandigarh.
For someone evaluating M3M India specifically in Sector 94, the case rests on three overlapping facts: a developer with an established, RERA-registered delivery record in Gurugram and the NCR now extending that model into a planned Punjab sector; a location on PR-7 Airport Road that sits inside the airport-to-Chandigarh growth corridor rather than at its periphery; and a sector-level infrastructure programme, from the metro approval to ongoing road widening, that is still being built out rather than already fully priced into the market. As with any pre-launch project, the applicable Punjab RERA registration for M3M's Sector 94 development should be checked directly against the official Punjab RERA record before booking.
