Max Estates Acquires 7.5-Acre Plot in Gurugram for ₹3000 Crore Luxury Housing Project
Max Estates has acquired a 7.5-acre plot in Gurugram to develop a luxury housing project with an estimated revenue of ₹3000 crore, further solidifying its presence in the NCR real estate market.
Real EstateMax EstatesGurugramLuxury HousingNcrReal EstateSep 07, 2025
In a regulatory filing on Saturday, Max Estates informed that the board has approved the acquisition of Base Buildwell Private Limited (BBPL). BBPL is a special purpose vehicle that holds the license and development rights over the 7.5-acre land parcel located at Sector 59, Golf Course Extension Road in Gurugram.
The outlay associated with the transaction is expected to be around ₹534 crore. This includes the acquisition of 100% of the share capital of BBPL on a fully diluted basis, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each. Additionally, the company will make project-level payments toward a security deposit, purchase of Transferable Development Rights, and related approvals.
The estimated development potential on this land is 1.3 million square feet, with the sales booking value expected to exceed ₹3000 crore. This acquisition aligns with Max Estates' premium residential strategy in Delhi-NCR, a region that has seen significant growth in the real estate sector.
Upon completion of this transaction, BBPL will become a wholly-owned subsidiary of Max Estates. Max Estates is one of the leading real estate companies in India, with a strong presence in Delhi-NCR. The company is known for developing high-quality housing and office complexes, and this new project is expected to further enhance its reputation in the market.
The decision to invest in Gurugram is a strategic move, as the city has become a preferred location for both residential and commercial developments. With its proximity to major business hubs and excellent infrastructure, Gurugram offers a prime location for luxury real estate projects. Max Estates' investment in this area is expected to boost the local economy and contribute to the city's growth.
The company's focus on premium residential projects in the NCR region is a testament to its commitment to providing high-quality living spaces. The new project in Gurugram is expected to offer a range of luxury amenities and features, catering to the needs of discerning buyers. With the estimated revenue of ₹3000 crore, this project is poised to be a significant addition to Max Estates' portfolio.
Max Estates' expansion in Gurugram also reflects the broader trends in the Indian real estate market, where there is a growing demand for luxury housing options. The company's ability to secure prime land and develop high-value projects is a key factor in its success. As the project progresses, it is expected to attract a diverse range of buyers, including young professionals, families, and investors looking for high-return investments.
In conclusion, Max Estates' acquisition of the 7.5-acre plot in Gurugram is a strategic move that aligns with its premium residential strategy. The project is expected to generate significant revenue and contribute to the growth of the NCR real estate market. With its focus on quality and innovation, Max Estates is well-positioned to deliver a world-class housing project that meets the needs of its target audience.
Frequently Asked Questions
What is the size of the land acquired by Max Estates in Gurugram?
Max Estates has acquired a 7.5-acre plot in Gurugram for the development of a luxury housing project.
What is the estimated revenue from the new project?
The estimated revenue from the new luxury housing project is ₹3000 crore.
What company is being acquired by Max Estates?
Max Estates is acquiring Base Buildwell Private Limited (BBPL), which holds the license and development rights over the 7.5-acre land parcel in Gurugram.
What is the estimated development potential of the land?
The estimated development potential of the 7.5-acre land is 1.3 million square feet.
What is Max Estates' strategy in the NCR region?
Max Estates' strategy in the NCR region is to focus on premium residential projects, aligning with the growing demand for luxury housing options.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of