M3M Group has confirmed plans to launch two new residential projects in Gurugram during FY27, with one of them potentially being the developer's first dedicated retirement housing project. The announcement was made by group promoter Pankaj Bansal, who outlined the company's expansion roadmap for the financial year at a press interaction.
According to Bansal, M3M Group will invest around ₹10,000 crore in FY27 on construction and land acquisition as part of its expansion plan. Of this, the group — comprising M3M India and Smartworld Developers — will invest ₹7,200 crore in construction activities during FY27, while Bansal said the group will invest another ₹2,500 crore this financial year in land acquisition. The company is currently in an active construction phase, with Bansal noting that "we are focusing on project delivery. At present, more than 30 million square feet (msf) is under construction across various projects."
The headline takeaway for homebuyers is the confirmation that the group will launch two new residential projects in Gurugram this year, one of which could be a retirement housing project. A dedicated senior-living or retirement housing format would be a first for M3M, which has so far concentrated almost entirely on luxury and ultra-luxury high-rise apartments, branded residences, and integrated townships across Gurugram's growth corridors.
On the land front, Bansal said the group will continue to acquire land and will participate in the upcoming land auctions in Noida. The company has been aggressive on this front already: the company has acquired around 500 acres of land in Gurugram and adjoining areas with an investment of around ₹2,500 crore. Importantly for buyers evaluating financial stability, Bansal reiterated that the company would fund all investments through internal accruals, adding that the M3M Group has zero debt.
Beyond the two new Gurugram launches, the group is doubling down on its branded residences strategy. The M3M Group promoter added that the company would focus on developing branded housing projects and tie up with global hospitality and lifestyle brands. This builds on recent tie-ups: in January this year, M3M Group partnered with global fashion and lifestyle brand Elie Saab to develop two ultra-luxury housing projects in Delhi-NCR with a total investment of ₹3,500 crore, and in October last year, it partnered with Jacob & Co, a global luxury brand, for a project in Noida. Bansal explained the rationale behind this positioning, stating, "We want to bring the high-net-worth luxury market, where individuals were investing in foreign markets for a high quality of life, back to India."
The branded residences push is already showing traction with overseas buyers. He added that the M3M Group had already seen 20 per cent participation from non-resident Indians (NRIs) in its branded projects. Going forward, he said the group wants branded residences to account for at least 50 per cent of its portfolio, up from the current 30 per cent. This signals that any retirement housing product, if launched, could also carry a premium, lifestyle-branded positioning rather than a purely functional senior-living format.
On corporate structure, Bansal clarified that an IPO is not imminent: responding to a question on plans to launch an initial public offering (IPO) for M3M and Smartworld, Bansal said the company had no such plans in the short to medium term. This suggests the FY27 expansion — including the two new Gurugram projects — will be funded entirely through the group's own cash flows rather than public market capital.
For homebuyers, this development is significant on two counts. First, a retirement housing project from a major NCR developer like M3M would be among the first of its kind in Gurugram's organised luxury segment, catering to an underserved demand from ageing NRI and resident families looking for age-friendly, low-maintenance homes with medical and lifestyle support built in. Second, the scale of committed capital — ₹10,000 crore in a single financial year — indicates confidence in continued demand across Gurugram's Golf Course Extension Road, Dwarka Expressway, and Southern Peripheral Road corridors, where M3M already has an extensive footprint. Exact sector locations, configurations, and pricing for the two new FY27 launches have not yet been disclosed and are expected to be announced closer to launch.
