The ‘Happening Haryana Global Investors Summit’ has attracted investors from across the world. The Chinese real estate giant Wanda and Gurgaon based M3M Group, a renowned real estate player, emerged as the largest investors in the global and national categories respectively. The M3M Group signed MOUs accumulating to Rs 45,000 Crore. The Investments are proposed over a period of 5-10 years in and across Haryana/Gurgaon.
The MOU was signed by Basant Bansal, Chairman and Founder, M3M Group in the presence of Chief Minister of Haryana Manohar lal Khattar.
M3M is a real estate developer focused on Gurgaon and intends to develop best in class projects in Gurgaon. Out of the 45,000 crores, 26,000 crores will go towards the development of a smart city project in Gurgaon. 9000 Crores towards taking forward the Prime minister’s visionary project ‘Housing for all’ which is a part of the Pradhanmantri Awas Yojna.
The projects will have smaller size apartments and would be in the range of 30 to 60 square metres. M3M is also foraying into development of IT park and IT SEZ planned tobe developed at the cost of Rs2000 Crores. IT companies operating out of these facilities are expected to employ between 40,000 to 50,000 employees.
Basant Bansal, Chairman and Founder, M3M Group said, “Being a son of Haryana, born and brought up in Haryana, as a first generation entrepreneur, my vision is to make Gurgaon the smartest city of India. A city which is completely sustainable with all modern technologies and infrastructure. I am happy to partner with the Government of Haryana in this initiative. “