M3M group, a leading luxury real estate developer, is poised to close the entire ₹1300 crore Indiabulls loan by Q1 of 2025. The loan was availed by M3M India from Indiabulls for the purchase and development of M3M City of Dreams, a landmark project in Panipat and the company’s first large-scale venture in a Tier-2 city. This milestone underscores M3M India’s robust financial planning, strong market positioning, and commitment to timely project execution.
M3M City of Dreams, popularly referred as M3M City in Panipat, has commenced possession for its first phase. The project spans 337 acre and integrates world-class infrastructure, offering an unparalleled urban lifestyle experience. Designed to redefine tier-2 city development, it includes premium residential plots, independent floors, schools, temples, social clubs, retail spaces, entertainment zones, and lush green landscapes.
The project also boasts of a 1.74 million sq. ft. retail space, making it one of the largest marketplace in North India, along with five exclusive lifestyle clubs spanning 200,000 sq. ft., ensuring a vibrant commercial and social environment for its residents.
Commenting on the milestone, Mr. Robin Mangla, President, M3M India, said, “We have successfully repaid amount of ₹802 crore and are paying an additional ₹331 crore on 31st March 2025 post which the residual loan amount would only be ₹167 crore which will also be repaid within Q1 of 2025 showcasing our strong financial discipline and commitment to timely project execution and repayment of lender dues. This repayment will make the Group Debt Free and further strengthens our credibility in the real estate sector, reinforcing investor confidence in our strategic growth initiatives. The launch of M3M City in Panipat is a testament to our vision of delivering world-class real estate in emerging markets. We are proud to bring an integrated urban living experience to Panipat, setting a new benchmark for luxury townships in tier-2 cities. The project has commenced possession for approximately 1,100 customers, offering a premium living experience with top-tier amenities.”
Santosh Kumar, Group Vice Chairman, Anarock, commented, “It’s encouraging to see major developers like M3M leading the way in tier-2 city real estate development. The successful delivery of M3M City in Panipat showcases not just vision but execution excellence.”
Strategically located, M3M City caters to the connectivity triangle of Delhi, Uttar Pradesh, and Punjab, apart from Haryana, with seamless access to key cities like Gurugram, Noida, Faridabad, and Chandigarh. The township’s proximity to Indira Gandhi International Airport (100 km) and major educational institutions like Amity and Ashoka University further adds to its appeal.
M3M City is a game-changer for Panipat, marking its transformation into a premium real estate destination. The city is witnessing rapid infrastructure growth, including the Haryana Orbital Rail Corridor (HORC), Dedicated Freight Corridor (DFC), Delhi-Panipat Rapid Rail Transit System (RRTS), and the Karnal Ring Road, all contributing to improved connectivity, economic growth, and rising property values.
With 50+ projects across residential, retail, office spaces, and serviced apartments, M3M India continues to lead the real estate landscape in North India. Having delivered 36 projects and actively developing the rest, the company’s 3,000-acre land bank across Gurugram, Noida, and Panipat reinforces its stronghold in the sector.
M3M City of Dreams is a landmark in M3M India’s journey, setting a precedent for high-end real estate development in tier-2 cities, and reshaping the future of urban living beyond metro hubs.
