ft. built-up area, would entail mix-use development and sales revenue potential of Rs.12,000 crore, M3M India had said while announcing the deal. M3M India had in March pledged to invest Rs45,365 crore in Haryana over the next five to 10 years in smart city and low-cost homes, among othersNew Delhi: Real estate firm M3M India Pvt. Ltd has entered into an agreement with Tata Realty and Infrastructure Ltd to sell its proposed information technology (IT) special economic zone (SEZ) in Gurugram for about Rs.500 crore. M3M India had in April this year paid the last instalment of over Rs.700 crore to Sahara, completing the land deal. In December 2014, M3M India bought 185 acres in Gurugram from Sahara group for Rs.1,211 crore.

Source: Mint July 17, 2016 15:45 UTC