M3M Group becomes ‘largest’ investor at ‘Happening Haryana’

Chinese real estate giant Wanda and Gurgaon-based M3M Group emerged as the largest investors in the global and national categories respectively, at the ‘Happening Haryana’ summit that concluded in Gurgaon recently.

According to a press release issued by M3M, the Group signed MOUs accumulating to Rs 45,000 crore over a period of 5-10 years in and across Haryana. The MOUs were signed by Basant Bansal, Chairman and Founder, M3M Group, in the presence of Chief Minister Manohar Lal Khatter.

The press release said out of the Rs45,000 crore, Rs26,000 crore will go towards the development of a smart city project in Gurgaon and Rs 9,000 crore towards taking forward the ‘Housing for All’ programme. The projects will have smaller size apartments in the range of 30 to 60 square metres. M3M is also foraying into development of IT Park and IT SEZ planned to be developed at the cost of Rs 2,000 crore. IT companies operating out of these facilities are expected to employ between 40,000 to 50,000 employees.

Bansal said, “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.”