Deals6 Sept 2025, 06:01 am
Max Estates Secures 7.25 Acre Land Parcel in Gurugram for INR 3,000+ Crore GDV Opportunity
AI Summary
Max Estates Limited, a leading real estate developer in the NCR, has announced a deal that secures the development rights to a prime 7.25 acre land parcel in Sector 59, Gurugram, on the Golf Course Extension Road. This deal entails the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL) 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. and is expected to generate a booking value of more than INR 3,000 Crore. This deal expands Max Estates’ GDV pipeline from ~INR 14,000 Crore to over INR 17,000 Crore.
Key Highlights
- Max Estates secures development rights on a 7.25 acre land parcel with group housing development potential of ~1.3 mn sq. ft. and Gross Development Value (GDV) potential of more than INR 3,000 Crore.
- The outlay associated towards the transaction is expected to be ~INR 534 Crore.
- Max Estates strengthens its position in Gurugram with a portfolio spanning almost 10 mn sq. ft. across two key growth corridors — Dwarka Expressway and Golf Course Extension Road.
- Max Estates’ GDV pipeline expands from ~INR 14,000 Crore to over INR 17,000 Crore.
- This deal marks Max Estates' continued expansion in Gurugram's luxury residential market.