M3M India Ltd, the realty firm said that the last instalment of over Rs 700 crore has been paid by it to Sahara Group and thereby completed the deal for acquiring 185 acre of land in Gurgaon for 1,211 crore.

According to the firm the last instalment has been deposited in the Sahara-Sebi account on March 29.

In December 2014, Sahara had sold a big land parcel at the outskirts of the national capital for Rs 1,211 crore to M3M India.

M3M has said in a statement that “The M3M Group and Sahara land deal has come to a closure. The deal was finalised at Rs 1,211 crores; with the payment of last instalment Rs 700 plus crores in the Sahara SEBI Account, all the dues for the 185 acre plot have been cleared.”

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