India, March 31 -- NCR-based M3M group, a luxury real estate developer, is poised to close the entire Rs.1300 crore Indiabulls loan by the first quarter of 2025. The loan was availed by M3M India from Indiabulls for the purchase and development of a township project in Panipat, the company said in a statement.

Robin Mangla, president, M3M India, said, "We have successfully repaid amount of Rs.802 crore and are paying an additional Rs.331 crore on 31st March 2025 post which the residual loan amount would only be Rs.167 crore which will also be repaid within Q1 of 2025 showcasing our strong financial discipline and commitment to timely project execution and repayment of lender dues."

"This repayment will make the group debt free. The laun...