New Launch30 Sept 2024, 02:22 pm
Max Estates' First Residential Development in Gurugram Surpasses Pre-sales Booking Value of INR 4,100 Crore Within 30 Days of Launch
AI Summary
Max Estates Limited, a leading real estate developer in Delhi NCR, launched its first Residential development in Gurugram — Estate 360 on 27th August 2024. Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of ~INR 4,100 Crore, surpassing the guidance of ~INR 4,000 Crore provided by the company for FY 25. The project, designed by Gensler, is an IGBC Platinum Pre-certified intergenerational residential community with a deep understanding of generational needs and over 60 amenities. It is situated at the confluence of Dwarka Expressway, Central Peripheral Road and NH-8, with seamless connectivity to the International Airport and different parts of Delhi.
Key Highlights
- Max Estates' first residential development in Gurugram, Estate 360, receives pre-sales booking value of INR 4,100 Crore within 30 days of launch.
- The project is designed by Gensler, a leading global design and architecture firm, and is an IGBC Platinum Pre-certified intergenerational residential community.
- Estate 360 is located in Sector 36A, Dwarka Expressway, Gurugram, with seamless connectivity to the International Airport, different parts of Delhi, and key commercial and residential hubs within Gurugram.
- Max Estates has revised the guidance for the total Gross Development Value potential of Estate 360 from INR 4,000 Crore to INR 4,800 Crore in FY 25.
- Max Estates has acquired additional 18.23 acres of land contiguous to the current development for a Joint Development Model (JDA) model, with an overall development potential of ~4 mn square feet and Gross Development Value potential of ~INR 9,000 Crore.