M3M buys 350-acre land to enter Panipat mkt and build Rs 2,700 cr township

The company expects a topline of Rs 5,000 crore from the project

M3M India has acquired 350 acres of land in Panipat, Haryana to build a state-of-the-art self-sustainable township. The land bought from Ambiance would cost M3M Rs 1,500 crore, including necessary government fees. The company would invest another Rs 1,200 crore to develop the project, the company said in a press release.

The company expects a topline of Rs 5,000 crore from the Panipat project.

“The project will include all segments, including residential, retail, expandable villas, floors, landscape, infrastructure, schools, temples, and social clubs among others. The plot size of the residential units would be 300, 500, 750 and 1,000 square yards. The