Max Estates buys Rs 534 cr land in Gurgaon, eyes Rs 3,000 cr project

Max Estates, the property arm of the Max Group, has acquired a 7.25 acre land at Golf Course Extension Road in Gurgaon, for Rs 534 crore.

The group housing development has a potential of 1.3 mn sq. ft with a revenue potential of Rs 3,000 crore.

Max Estates, in addition to portfolio of 9 mn sq. ft. in Noida, strengthens its position in Gurugram with a portfolio spanning almost 10 mn sq. ft. across two corridors – Dwarka Expressway and Golf Course Extension Road.

“This deal is a significant milestone as we continue to focus on growth corridors in NCR such as 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.

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.

CBRE, the transaction advisor, couldn’t be reached for comment.

With this deal, Max Estates’ GDV pipeline expands from Rs 14,000crore to over Rs 17,000 crore, comprising multiple projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards.

Max Estates' had launched Estate 360 project located on Dwarka Expressway (Sector 36 A), which has achieved pre-sales of Rs 4,800 crore, and has an 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 Rs 9,000 crore.