M3M Group Plans ₹10,000 Crore Investment in FY27 for Construction and Land Acquisition; Targets Two New Gurugram Launches
M3M Group Announces ₹10,000 Crore Expansion Plan for Fiscal 2027
Gurugram-based developer M3M Group will invest around ₹10,000 crore in FY27 on construction and land acquisition as part of its expansion plan, promoter Pankaj Bansal announced on July 1, 2026. The financial commitment reflects the developer's confidence in the Delhi-NCR market and its strategy to accelerate project delivery while securing premium land parcels in high-growth corridors.
Investment Allocation and Land Bank Expansion
The group — comprising M3M India and Smartworld Developers — will invest ₹7,200 crore in construction activities during FY27. The group will invest another ₹2,500 crore this financial year in land acquisition. The company has acquired around 500 acres of land in Gurugram and adjoining areas with an investment of around ₹2,500 crore, adding scale to its development pipeline across multiple sectors and micro-markets.
Current Construction Portfolio
More than 30 million square feet is under construction across various projects, according to the promoter. This underscores the scale of M3M's ongoing development activities. Within the broader programme, M3M India has identified 7.8 million square feet across five projects in Gurugram for completion by FY27, spanning premium residential and mixed-use commercial projects, with occupancy certificates already secured for these five developments.
Branded Luxury and NRI Participation
In January this year, M3M Group partnered with global fashion and lifestyle brand Elie Saab to develop two ultra-luxury housing projects in Delhi-NCR with a total investment of ₹3,500 crore. In October last year, it partnered with Jacob & Co, a global luxury brand, for a project in Noida. These collaborations underscore a strategic pivot toward branded residential formats.
The M3M Group had already seen 20 per cent participation from non-resident Indians (NRIs) in its branded projects. Going forward, the group wants branded residences to account for at least 50 per cent of its portfolio, up from the current 30 per cent.
Company Scale and Track Record
Founded in 2010, M3M India has quickly risen as one of India's most dynamic and innovative real estate developers. M3M has already delivered all developments launched before 2020 and has successfully completed 43 projects spanning 20 million square feet, and another 23 projects, covering 40 million square feet, are in full swing. M3M is backed by a robust land bank of 3,000 acres and a customer base exceeding 20,000.
Gurugram Market Momentum
By the beginning of 2026, Gurugram's real estate market is experiencing remarkable growth and sustained momentum, with property prices surging by nearly 67% over the past two years. The luxury housing segment continues to dominate the market, with premium and branded residences in particularly high demand, and average property prices now exceeding ₹16,000 per square foot.
The Dwarka Expressway has significantly enhanced connectivity between Gurugram and Delhi, leading to increased buyer interest in nearby sectors, with improved road networks and seamless access to business hubs making emerging areas more attractive for both end-users and investors.
Future Direction
Responding to a question on plans to launch an initial public offering for M3M and Smartworld, Bansal said the company had no such plans in the short to medium term. The developer's focus remains on execution, land acquisition in strategic locations, and expanding its branded residential portfolio to capture demand from high-net-worth and ultra-high-net-worth segments.