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Real estate developer M3M repaid Rs 418 crore debt in Q4


Real estate developer M3M repaid Rs 418 crore debt in Q4
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Real estate developer M3M has repaid Rs 418 crore in Q4 of FY 2020 - 2021 against the target of Rs 200 crore, its director Pankaj Bansal has said. Till December 2020, the company had cleared debt of Rs 500 crore and planned to clear the balance liabilities by March 2022.
Agencies
Real estate developer M3M has repaid Rs 418 crore in Q4 of FY 2020 - 2021 against the target of Rs 200 crore, its director Pankaj Bansal has said. Till December 2020, the company had cleared debt of Rs 500 crore and planned to clear the balance liabilities by March 2022. ....

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We are the Only Developer to deliver 8 projects in 3 months Pankaj Bansal M3M


BW Businessworld
We are the Only Developer to deliver 8-projects in 3-months : Pankaj Bansal, M3M
Sticking to its company motto of Quality, Timely Delivery and Excellence , Gurugram-based developer M3M says it had a good 2020 whereby it was the only developer, it claims, to deliver 8 projects in three months. Last fiscal, it clocked a revenue of Rs 4,200 crore - this year it expects to close 10 per cent higher than that Pankaj Bansal, Director, M3M tells Ashish Sinha of BW Businessworld. Excerpts:
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How has been the sales for M3M since the Unlock phases? 
We recorded sales to the tune of Rs 1150 crore in July-August 2020 as part of our Unlock Gurugram campaign. The overall demand has been evenly distributed with both residential and commercial segments accounting for a 50% share. In the commercial segment (including offices, retail spaces and some service apartments), 15-20% of the demand was generated in the delivered projects that mostly c ....

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