M3M India is set to close its ₹1300 crore loan from Indiabulls, secured for M3M City of Dreams in Panipat. Significant loan repayments have been made, including an upcoming ₹331 crore payment. This landmark project, spanning 337 acres, marks M3M's first major venture into a Tier-2 city. The development has already begun possession process, and in the 1st phase 1,100 customers have been given possession.