Review : Investment in M3M 113 Market, Gurgaon, Loss or Profit

Review

CPR Ratings

Investors Vote
[Total: 5 Average: 3.6]

As per Location
The M3M 113 Market (SCO Commercial Plots) is situated on Sector 113 Dwarka Expressway, Gurgaon. The project is properly visible and walkable. The project has a very impressive layout design. M3M 113 Market is very well connected to multiple public transportation facilities and other civic facilities.

The M3M 113 Market is adjoined with Dwarka Expressway, After completion of Dwarka Expressway, it is just a 10-minute distance from Delhi. The commercial property is on the proposed metro rail track.

The M3M 113 Market caters to an immediate catchment of a big crowd of the sector 113, 109, & 114 of Dwarka Expressway. It’s a truly high street retail open market to cater to all kinds of shopping, fine dining, fun, and entertainment, needs of nearby residents. Overall, M3M 113 Market is an approachable location project.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No M3M 113 Market – GGM/365/97/2019/59 DATED- 15.10.2019
Start/Launch Date 15-10-2019
Possession Date (RERA) December-2021
Construction Stage Ongoing
Construction Company
Promoter Name Lekh Buildtech Private Limited
Land Area 8.526 Acre
No of SCO PLOTS 105
Live Updates
COVID-19 Lockdown Status COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.

 

Advantages | Good Factors
M3M 113 Market, SCO plots are perfectly designed for maximum visibility.  The project is very well suited for brand retail chains, food chains, and retail business startups, and office spaces. After completion/possession retail business startups and investors may get a minimum of 6% per annum return from their investments.

M3M 113 Market has multiple entries points. Multiple entry points attract customers’ footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is a very good sign to success a commercial property.

Sector 113 is a high density, urban rich residential area of Dwarka Expressway, there are more than 20-thousand flats and an urban rich residential population of approx 50-thousand peoples nearby this market.

M3M Market sector 113 Dwarka Expressway is all surrounding with several high-density ready to move and under construction residential group housing societies such as Tata La Vida, Tata Gurgaon Gateway, Capital Gateway, Puri Diplomatic Greens, Sai Kunj, etc. And that is a very good sign for commercial property investment.

M3M Market 113  is very well connected to multiple public transportation facilities and other civic facilities. The project is easily accessible to nearby residents.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-M3M 113 Market GRADING
Urban Rich Gentry High Class, Upper Middle Class. Radiational Societies within Walking distance- Tata La Vida, Tata Gurgaon Gateway, Capital Gateway, Puri Diplomatic Greens, Sai Kunj, etc A1
Prime Location GOLD A
Connectivity A 32-Minute drive from- DLF Cyber City.
Nearest Metro Station 26-Minutes (Huda City Center)
International Airport-15-Minutes (IGI Airport)
A
Layout Design Excellent, Grand ceiling heights, full of vigor and vitality, wide corridors, proper sitting & walking arrangements, highly visible retail A1
Multiple Entries Yes A
Visibility Highly visible, corner property, very wide frontage A
High-Density population Within a radius of 500-meter more than 20-Thousand Flats and 50-Thousand urban rich people and can denser more in upcoming years. A1
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Walking distance A
Urban/Civic Facilities Maximum facilities available A
Developers Credibility Quality Construction & Maintenace, GOLD standard Developer A
Price Comparison Competitive price A
Competitors No Competitors  A1
Expected ROI 5% to 7% Annually A

 

ALSO READ: How to Double Your Money by Investing in Commercial Real Estate

Products & Developer
The M3M 113 Market commercial project is under development by the M3M group. The project consists of commercial retail shops, Anchor Store, food courts, 10-Multiplex, and entertainment facilities, etc.

Builders Profile | Track Record

  M3M, Builder,profile,track record
PREDECESSOR M3M India Limited, M3M India Private Limited
FOUNDED 2007
FOUNDERS Roop Kumar Bansal, Basant Bansal
KEY PEOPLE Pankaj Bansal
COMPANY | PROMOTERS M3M
PRODUCTS Apartments, Commercial Offices, Shopping Malls, Hotels, Retail, Lesure & Hospitality
AREA SERVED Delhi, Gurgaon
PROJECTS COMPLETED M3M Urbana, M3M Tee Point, M3M Cosmopolitan
PROJECTS ONGOING M3M IFC, M3M Broadway, M3M Urbana Premium, M3M 65th Avenue, M3M Prive 73, M3M Corner Walk, M3M My Den, M3M Sky Lofts
DELIVERY TRACK RECORD Poor, delay possession
NET WORTH
STRENGTH
COMMITMENT Quality Construction, state of the art project, finest layout design
RISK delay possession
DEBT Updating soon
LITIGATION  Unfair Trade Practice Charges, RERA Complaints
OFFICE ADDRESS 6th Floor, ‘M3M Tee Point’, Sector 65, Gurugram Manesar Urban Complex, Gurugram (Gurgaon) 122101, Haryana, India.

Tel: +91 124 4732000 Toll Free: 1800 123 3333 Fax: +91 124 4732010

BUILDER CATEGORY GOLD

 

The M3M builder has a good market reputation in the real estate industry. He has successfully delivered several A-class residential and commercial projects in India.

Price | Lease Price | Price List
At present, M3M 113 Market SCO Plots price starts at approx:-

SCO PLOT AREA (Sq Yd) PRICE (Per Sq Yd)
100-175 3,80,000
60-175 3,90,000

 

Conclusion
The M3M 113 Market is good for well established retail business groups and also for new business startups. After completion/possession investors may get a minimum of 6% per annum return. If the builder completes this project in the promised time frame.

CPR Ratings

Investors Vote
[Total: 5 Average: 3.6]

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