M3M India Launches Rs 800 Crore Premium Retail Project M3M Route65 in Gurugram

M3M India has officially launched its premium high-street retail project, M3M Route65, situated in Sector 65, Golf Course Extension Road, Gurugram. The project represents a significant investment of Rs 800 crore and spans 5.64 lakh sq. ft. of commercial space across four acres. Designed with a modern aesthetic, it features sleek glass facades, wide boulevards, a central atrium, a dedicated floor for food and beverages, three levels of retail space, a hypermarket on the lower ground floor, and two levels of parking.

Strategically located, M3M Route65 offers excellent connectivity to major roads like Golf Course Road Extension and NH-48, and is near metro stations. It is also conveniently located 30 minutes from Indira Gandhi International Airport.

Brand handover is expected to commence by the end of October, with the project slated to be fully operational by March 2026. A key highlight is the achievement of 100% occupancy, with rental rates commanding a 35% premium over prevailing market rates. Several prominent Food and Beverage (F&B) and anchor brands are set to operate within the development.

Impact: This launch signifies strong demand in Gurugram's prime retail real estate market and M3M India's successful execution. The high occupancy and premium rental achievements suggest healthy returns for investors and a strong value proposition. This development is poised to enhance Gurugram's retail landscape and could positively influence investor sentiment towards well-executed premium real estate projects. Rating: 6/10.

Definitions: High-street retail: Retail establishments located on a main public road or street, offering easy accessibility and visibility. F&B: Food and Beverage, referring to establishments that serve food and drinks. Anchor brands: Prominent, well-known retail brands that attract substantial customer footfall to a shopping center. Occupancy: The extent to which a building or space is leased or utilized, expressed as a percentage of its total capacity. Rental premium: The additional charge applied to rent that is higher than the average or standard market rate.