New Delhi: Realty firm M3M India expects revenue of around Rs 4,000 crore from its new luxury housing project in Gurugram.

The company has launched a new residential project 'M3M Altitude' on Golf Course Extension Road in Gurugram where it will build 350 luxury apartments.

M3M will invest Rs 1,200 crore to develop this 4-acre project, while the estimated sales revenue is around Rs 4,000 crore.

The company is selling apartments at a price of Rs 10 crore to Rs 30 crore each.

The company said in a statement on Saturday that it has already sold about 180 units for Rs 1,875 crore.

“Since the unveiling of M3M Altitude, we have seen a huge influx of inquiries and interests from home buyers,” said Sudeep Bhatt, Chairman, M3M Group.

This 4-acre project is part of the 60-acre M3M Golf Estate township.

According to real estate data analytical firm PropEquity, housing sales in Delhi NCR rose to 10,198 units during April-June this year from 9,635 units in the year-ago period.

The Gurugram housing market has witnessed strong housing sales across projects from several developers including DLF, Signature Global and M3M.