Sector 111 sits at the Gurugram end of the Dwarka Expressway, directly on the Delhi border, and it has become one of the sectors where M3M India has chosen to concentrate its ultra-luxury branded portfolio rather than its mass residential output. M3M Smart City Delhi Airport (SCDA) is a large, integrated mixed-use township developed by M3M India in Sector 113 and 111, Gurugram, spread across nearly 250 acres and designed as a self-sustained urban destination combining residential living, commercial spaces, retail zones, hospitality and community infrastructure. Within this master plan, Sector 111 has taken on a distinct character from its twin sector across the road. In contrast to the bustling energy of the mixed-use side, M3M Sector 111 is curated for privacy and expansive green living, designed for large families and ultra-high-net-worth individuals who prioritise exclusivity over mixed-use density.
M3M's presence here already spans more than one format. M3M Crown anchors the premium residential offerings in Sector 111, defined by massive central landscaping, lower-density layouts and an elite club experience, while still keeping the conveniences of the expressway just outside the gates. Alongside it, the developer has been building out what local channel-partner listings describe as a designer-branded enclave. A highly exclusive zone within Sector 111 is dedicated entirely to global designer living, anchored by the M3M Elie Saab Residences and followed by the anticipated M3M Aston Martin launch, as M3M expands its portfolio of ultra-luxury branded residences in this pocket. M3M Stefano Ricci Residences is the newest entrant in that same designer cluster.
M3M Stefano Ricci is an ultra-luxury residential development located in Sector 111 along the Dwarka Expressway corridor, developed by M3M India and positioned as one of the most exclusive luxury addresses in Gurgaon. The distinguishing feature of the project is its collaboration with the Italian luxury house Stefano Ricci, bringing that brand's design language into the residential landscape. The scheme is planned on a land parcel of approximately 15 acres, with homes built around a single, tall tower. The development features a single iconic tower with G+45 floors, offering expansive 5.5 BHK ultra-luxury residences sized around 7,300 sq. ft. with premium finishes and skyline views.
Pricing and timelines reported across property listings are consistent with the project's positioning at the top end of the corridor. The starting price of residences is approximately ₹30 crore onwards, reflecting the project's ultra-luxury positioning, branded collaboration, limited inventory and large apartment sizes. The project is currently at pre-launch stage with expected possession around May 2032, offering a long runway for capital growth tied to Dwarka Expressway's build-out. The unit mix keeps to large formats only: residences are approximately 7,300 sq. ft., with floor plans designed for expansive living spaces, private family areas, large balconies, maximum privacy and panoramic city views.
The specific plot is not incidental to M3M's broader SCDA strategy — it sits at what the developer's own materials describe as the entry point of Gurugram from Delhi. The project is situated at the entrance of Gurgaon, effectively zero kilometres from the outskirts of Delhi, with direct accessibility via Dwarka Expressway and easy access to major destinations within Delhi and Gurugram. It is roughly ten minutes from the Delhi border and Diplomatic Enclave, with Cyber City, Udyog Vihar and Golf Course Road readily reachable for working professionals and corporate leaders.
That location advantage is reinforced by infrastructure either complete or advancing on a confirmed timeline. Dwarka Expressway is India's first elevated urban expressway and forms the capital's new spine. The Blue Line extension from Dwarka Sector 21 to Kherki Daula, confirmed for 2026-27, will connect Dwarka Expressway directly to Delhi Metro, with Sectors 102, 103, 104 and 109 expected to see a further 15-20% appreciation once operations begin. Sector 111 itself already benefits from established arterial links. Through Old Gurgaon Road, Dundahera Road and Najafgarh-Kapashera Road, Sector 111 has excellent access to nearby areas, and is only 7-10 km from the commercial centres of DLF Cyber City and Udyog Vihar.
The area's institutional draw is a recurring theme across listings for this micro-market. Sector 111 is positioned as a high-end residential area, located near diplomatic enclaves, business areas, and future infrastructure developments. The upcoming convention and diplomatic infrastructure nearby adds to the profile of the address. The area is close to one of the world's largest convention hubs and is planned to be home to 37 embassies, diplomatic residences and international organisations, making it a high-priority, highly secured location, alongside India's longest golf course. For day-to-day needs, established schools, hospitals and retail already ring the sector: nearby landmarks include Ambience Mall at 11.4 km, Udyog Vihar Phase 2 at 10 km, IGI Airport at 11.4 km, Indira Gandhi Hospital at 10 km, Swiss Cottage School at 2.9 km and Northcap University at 4.6 km.
Values in Sector 111 have moved up in step with the wider Dwarka Expressway corridor. Sector 111 property rates currently range from Rs 13,650 to Rs 18,700 per sq ft, based on property type, size, amenities and connectivity. Zooming out to the broader corridor, the trend has been steep over a longer horizon. Average property rates for flats on Dwarka Expressway stand around Rs 14,000 per sq ft, having moved 12% in the last year, 75% over three years and 152.3% over five years. Fresh, under-construction inventory in the newer luxury launches commands a premium over resale stock. The average resale price in the corridor stands at around ₹18,000 per sq. ft., while fresh inventory in newly launched or under-construction projects ranges between ₹20,000 and ₹25,000 per sq. ft. For branded, large-format products such as M3M Stefano Ricci, the ticket size sits well above these per-square-foot corridor averages, reflecting the scarcity of comparable design-collaboration addresses in Gurugram.
M3M India's scale gives context to why it can commit a single tower to a 146-unit, ₹30-crore-plus branded product on a prime SCDA plot rather than a high-density format. Established in 2010, M3M India is one of the most dynamic and fastest-growing real estate developers in the country, spearheaded by Founder Chairman Basant Bansal and supported by promoters Roop Bansal and Pankaj Bansal. The group owns nearly 30 million square feet of saleable space and has approximately 50 projects within Gurugram, having successfully delivered all developments launched before 2019. Founded in 2010 on a single land parcel in Sector 66, the company has delivered 36 projects across 20 million sq ft and has another 21 projects covering 40 million sq ft under active construction, and is ranked No. 2 in India and No. 1 in North India by sales volume.
The company's experience with globally branded residential collaborations predates Stefano Ricci. Trump Towers Gurugram in Sector 65 is M3M's most recognisable ultra-luxury branded project, with the upcoming Jacob & Co Residences positioned as its successor. That same playbook — pairing a fashion or luxury house with a limited-inventory tower — is now being repeated across the SCDA cluster in Sector 111, alongside Elie Saab and the anticipated Aston Martin-branded launch, positioning this particular sector as M3M's designer-residence address for Gurugram's ultra-high-net-worth segment.
