M3M-Paragon57
M3M India has announced the receipt of the Occupancy Certificate (OC) for M3M Paragon57, its flagship mixed-use development in Sector 57, Gurugram. This milestone marks the project’s readiness for occupancy and operations, further strengthening the company’s presence in the premium retail and serviced apartment segment. Spread across 3.16 acres, M3M Paragon57 comprises 554 units, with a saleable area of approximately 5 lakh sq ft. The project integrates high-street retail with serviced apartments, aligning with evolving urban consumption patterns and the growing demand for integrated developments. The development is expected to achieve a topline of approximately ₹1,000 crore, with an investment of ₹560 crore—reflecting strong market response and investor confidence.

M3M Paragon57 is poised to emerge as a landmark destination in Gurugram, offering a vibrant mix of retail, lifestyle, and dining experiences. The development will feature prominent anchor brands such as Westside, LuLu Hypermarket, and Jetts Fitness, ensuring strong footfall and a dynamic shopping environment. Complementing these anchors is a diverse lineup of retail, fashion, and F&B brands, including Levi's, CaratLane, Puma, GIVA, Blue Tokai, Pepe Jeans, and others.

Robin Mangla, President, M3M India, said, “The receipt of the Occupancy Certificate for M3M Paragon57 is a significant milestone. It reflects our commitment to timely delivery and quality execution. We have already pre-leased approximately 60% of the retail space, underscoring robust demand from leading brands and operators. The development is expected to emerge as a key commercial and lifestyle destination in the Sector 57 micro-market.”

M3M Paragon57 benefits from a strong, ready-to-use location advantage. Situated in the well-developed and densely populated Sushant Lok Phase 3 area, it is surrounded by premium residential societies and steady footfall drivers, making it ideal for retail. The project enjoys excellent connectivity, located just off Golf Course Extension Road with seamless access to Sohna Road and other key parts of Gurugram. It is also in close proximity to the Sector 55–56 Rapid Metro station. Its catchment includes affluent residents with high spending capacity, making it well-suited for premium retail and F&B outlets.

Unlike projects in developing zones, this location already has established infrastructure such as schools, hospitals, and office spaces, reducing risk and enhancing business viability. The completion of M3M Paragon57 comes at a time when Gurugram’s commercial real estate market is witnessing renewed momentum. Developers across the region are increasingly focusing on mixed-use and high-street retail formats to cater to changing consumer behaviour. Industry experts note that high-street retail developments with strong catchment areas and curated tenant mixes are outperforming traditional mall formats. The rise in pre-leasing activity across projects signals growing retailer confidence and sustained consumer demand.