M3M acquires 2 land parcels in Gurugram for Rs.670-Cr from HSVP

Realtor M3M has acquired two land parcels in Gurgaon for INR 670 crore in an auction held by Haryana Shahari Vikas Pradhikaran (HSVP). One of the plots measuring 3 acres along golf course road will be developed into a 600,000 sq ft retail and office complex, while the 1.3-acre land parcel on MG Road will be developed as a retail complex spread over 180,000 sq. ft. The company will invest close to INR 400 crore for these projects.