Max Estates strengthens Gurugram presence with Rs 534 cr land deal; targets Rs 3,000 cr GDV
With this deal, Max Estates’ GDV pipeline expands from Rs 14,000 crore to over Rs 17,000 crore, comprising multiple projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards.
This deal entails the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a project SPV holding license, and development rights over 7.25 acre of land, subject to regulatory approvals and closing conditions.
NCR-based Max Estates Limited has announced a deal that secures the development rights to a prime land parcel measuring 7.25 acre, strategically located in Sector 59, Gurugram, on the Golf Course Extension Road, one of the NCR’s most sought-after residential corridors.
This deal entails the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a project SPV holding license, and development rights over 7.25 acre of land, subject to regulatory approvals and closing conditions. The project has a development potential of ~1.3 mn sq. ft. with an expected outlay of ~INR 534 crore and is expected to generate a booking value of more than INR 3,000 crore, reinforcing Max Estates’ position as a developer of choice for luxury residential communities in Delhi NCR.
With this deal, Max Estates’ GDV pipeline expands from ~INR 14,000 crore to over INR 17,000 crore, comprising multiple projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards.
Strategic Significance
This deal marks Max Estates’ continued expansion in Gurugram’s luxury residential market, complementing its successfully launched Estate 360 project located on Dwarka Expressway (Sector 36 A), which has achieved pre-sales of INR4,800 Crore, and upcoming launch of an 18.23 acre development contiguous to Estate 360, with a potential of ~4 mn sq. ft. of saleable area and GDV of ~INR 9,000 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.
