Max Estates Ltd Announces INR 9,000 Crore Luxury Residential Development in Gurugram

Max Estates Ltd, through its subsidiary, Max Estates Gurgaon Two Limited, has signed a binding agreement for a residential development opportunity in Gurugram with a potential gross development value (GDV) of over INR 9,000 Crore. This project is an expansion of the company's existing 11.80 acres of land in sector 36 A on Dwarka Expressway, where it had done a joint development agreement (JDA) last year. The new project, along with the existing one, implies a combined GDV potential over time of INR 13,000+ Crore. Max Estates is on track to launch Delhi NCR's first intergenerational residential community in Q3 of CY 2024. This strategic move consolidates Max Estates' position in sector 36 A, making it a prime luxury residential destination in Gurugram.