M3M 113 Market

With M3M 113 Market, what you buy is a plot of land with commercial rights, not a unit in a building. It is a commercial plotted colony of 8.526 acres arranged in five blocks with 105 shop-cum-office (SCO) plots. The promoter and licence holder on the registration certificate is Lekh Buildtech Pvt Ltd, an M3M group company. It is registered under RERA, registration number RC/REP/HARERA/GGM/365/97/2019/59. You can check it on the state RERA portal before booking.

The HARERA portal shows a completion date of 30 April 2023 and marks the project as completed, and M3M's gallery includes real photographs of the built blocks, so this is not a paper project.

The colony sits on the Dwarka Expressway in Sector 113, close to the Delhi border, within M3M's larger SCDA master development. M3M describes this as part of a 236-acre self-sustainable smart city, alongside its own residential projects M3M Capital and M3M Mansion and the M3M Capital Walk. Smartworld One DXP is also nearby, so a sizeable residential catchment is forming right next door.

The location is tight with the airport side of the city. M3M states that UER-II is about 3 minutes away, Yashobhoomi (IICC) about 5 minutes and IGI Airport about 7 minutes, and the Dwarka golf course is about 10 minutes away.

According to the developer, the plots come with surface car parking and 100% power backup, and there is provision for individual AC units. Shared facilities are otherwise straightforward for a plotted commercial colony: landscaped greens, retail frontage and 24x7 security. The building itself is yours to design within the rules.

Portals report SCO plot sizes of about 115 to 400 sq.yd, and describe G+4 construction with a basement and terrace on these plots. Prices are on request, and NRIVEST can check current availability through the developer and resale channels.

SCO plots appeal to buyers who want land ownership and control. You can build to suit a specific tenant, lease floors separately and avoid being one small owner in a large mall. Being completed and close to both the airport and the Delhi border adds to the case.

The catch is that you are responsible for the building. Confirm the permitted FAR, floors and timelines for your exact plot, and decide who will manage construction for you if you live abroad. Also check whether the plot is coming from the developer or on resale, since that affects both price and paperwork.

M3M is a home-grown Gurugram developer, and it has spread itself wider along this corridor than almost anyone else, with ready flats, towers under construction, fresh launches and retail. Its Sector 113 projects, Capital and Mansion, sit right beside this market.