M3M Partners with Elie Saab for Luxury Branded Residences in Noida, Gurugram; Rs 3,500 Cr Investment

• M3M India and Smartworld Developers will invest Rs 3,500 crore to develop ultra-luxury branded residences in Gurugram and Noida in partnership with global fashion brand Elie Saab.
• The "Signature Residences by Elie Saab" in Gurugram will be in Sector 111 along Dwarka Expressway, while in Noida, they will be in Sector 98 along Noida-Greater Noida Expressway.
• The Gurugram project involves an investment of Rs 2,000 crore with a top line of Rs 4,700 crore; the Noida project will see an investment of Rs 1,500 crore with a top line of Rs 3,500 crore.
• Starting prices for residences are Rs 15 crore in Gurugram and Rs 9 crore to Rs 1.2 crore in Noida, with a total expected top line of Rs 8,200 crore.
• Elie Saab plans to open its first fashion store in India in Delhi, spanning 3,000 to 4,000 sqft, highlighting India's strategic importance.

Why It Matters: M3M India and Smartworld Developers are investing Rs 3,500 crore in luxury branded residences with Elie Saab in Noida and Gurugram.