Max Estates Expands Gurugram Portfolio with Rs. 534 Cr Deal

Max Estates, a leading real estate developer in NCR, has expanded its footprint in Gurugram with the acquisition of development rights for a 7.25-acre land parcel in Sector-59, located on Golf Course Extension Road.

The acquisition was structured through the purchase of 100 percent shareholding in Base Buildwell, which holds the license and development rights for the site, subject to regulatory approvals. The project has a development potential of 1.3 million sq. ft., with an estimated investment of Rs. 534 crore and is expected to generate a gross development value (GDV) of more than Rs. 3,000 crore. This acquisition significantly strengthens Max Estates’ development pipeline, raising its total GDV from Rs. 14,000 crore to over Rs. 17,000 crore.

Key Highlights

• Max Estates acquires 7.25-acre Gurugram land for Rs. 534 crore
• The project offers 1.3 million sq. ft. development potential
• GDV pipeline expands from Rs. 14,000 crore to over Rs. 17,000 crore

“This marquee deal is a significant milestone in Max Estates’ journey of building NCR’s most trusted luxury real estate brand. It furthers our unwavering commitment to curate ‘LiveWell’ and ‘WorkWell’ experiences across key development vectors in Delhi NCR, including Noida Expressway, Dwarka Expressway and Golf Course Extension Road (GCER). GCER is today among the most vibrant residential hubs, and this project will strengthen our growing footprint in Gurugram,” said Sahil Vachani, vice chairman and managing director, Max Estates.

The move strategically complements the company’s other luxury housing projects in the region, including Estate 360 on Dwarka Expressway, and the soon-to-be-launched 18.23-acre contiguous project with nearly 4 million sq. ft. development potential and GDV of Rs. 9,000 crore.

Also Read: Max Estates Acquires Stalled 'Delhi One' Project - Invests Rs. 1,400 Crore

With a growing portfolio of almost 10 million sq. ft., Max Estates continues to establish itself as a key player in the NCR luxury residential real estate market.