Max Estates Acquires Prime 7.25-Acre Land in Gurugram for Rs 534 Crore
Max Estates, part of the Max Group, has secured a 7.25-acre land parcel in Gurugram’s Sector 59 for Rs 534 crore, marking a significant expansion in the luxury residential market.
Max EstatesGurugramLuxury ResidentialReal EstateNcrReal Estate NewsSep 06, 2025
The land parcel has a group housing development potential of 1.3 million square feet (msf), with a revenue potential of around Rs 3,000 crore. This acquisition is expected to significantly boost Max Estates’ gross development value (GDV) pipeline, which will now expand from Rs 14,000 crore to over Rs 17,000 crore. The company’s pipeline includes multiple projects across Gurugram and Noida, with launches scheduled to begin in the third quarter of fiscal year 2026 (Q3FY26).
The deal also involves the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a project special purpose vehicle (SPV) that holds the license and development rights for the land parcel. This acquisition is subject to regulatory approvals and closing conditions.
Commenting on the transaction, Sahil Vachani, Vice Chairman and Managing Director at Max Estates, stated, “This deal is a significant milestone as we continue to focus on growth corridors in the National Capital Region (NCR), such as the Noida Expressway, Dwarka Expressway, and GCER. GCER is today among the most vibrant residential hubs, and this project will strengthen our growing footprint in Gurugram.”
The acquisition aligns with Max Estates’ strategy to capitalize on high-potential areas in the NCR. The company noted that this deal will complement its existing Estate 360 project located on the Dwarka Expressway in Sector 36A, which has already achieved pre-sales of Rs 4,800 crore.
Furthermore, Max Estates has plans for an upcoming launch of an 18.23-acre development contiguous to Estate 360. This new project is expected to have a saleable area of around 4 msf and a GDV of Rs 9,000 crore, further solidifying the company’s position in the luxury residential market of Gurugram.
Gurugram, a rapidly growing city in the NCR, has seen a surge in demand for luxury residential properties due to its strategic location, well-developed infrastructure, and proximity to key business districts. Max Estates’ strategic land acquisition is a testament to the company’s forward-thinking approach and its commitment to meeting the growing demand for high-quality residential projects in the region.
Frequently Asked Questions
What is the size of the land parcel acquired by Max Estates in Gurugram?
Max Estates has acquired a 7.25-acre land parcel in Gurugram’s Sector 59.
How much did Max Estates pay for the land parcel in Gurugram?
Max Estates paid Rs 534 crore for the land parcel in Gurugram.
What is the development potential of the acquired land in terms of saleable area?
The acquired land has a group housing development potential of 1.3 million square feet (msf).
What is the expected revenue potential from the acquired land?
The expected revenue potential from the acquired land is around Rs 3,000 crore.
What other projects does Max Estates have in the pipeline?
Max Estates has an upcoming launch of an 18.23-acre development contiguous to its Estate 360 project, with a potential saleable area of around 4 msf and a GDV of Rs 9,000 crore.
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