Max Estates Acquires Prime Land in Gurgaon for Rs 534 Crore, Eyes Rs 3000 Crore Project
Max Estates, the property arm of the Max Group, has made a significant land acquisition in Gurgaon, further solidifying its position in the NCR real estate market. The 7.25-acre land on Golf Course Extension Road has a revenue potential of Rs 3,000 crore.
Max EstatesGurgaon Real EstateProperty DevelopmentReal Estate InvestmentGolf Course Extension RoadReal EstateSep 06, 2025
The new land acquisition has a development potential of 1.3 million square feet, with a revenue potential of Rs 3,000 crore. This deal further strengthens Max Estates' position in Gurugram, adding to its existing portfolio of nearly 10 million square feet across two key corridors: Dwarka Expressway and Golf Course Extension Road.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates, commented, “This deal is a significant milestone as we continue to focus on growth corridors in NCR such as Noida Expressway, Dwarka Expressway, and Golf Course Extension Road (GCER). GCER is today among the most vibrant residential hubs, and this project will strengthen our growing footprint in Gurugram.”
The acquisition involves the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a project special purpose vehicle (SPV) holding the development rights over the 7.25-acre land. The transaction is subject to regulatory approvals and closing conditions. CBRE, the transaction advisor, was not available for comment at the time of reporting.
With this acquisition, Max Estates' Gross Development Value (GDV) pipeline expands from Rs 14,000 crore to over Rs 17,000 crore. The company has multiple projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards. Max Estates has already launched the Estate 360 project on Dwarka Expressway (Sector 36 A), which has achieved pre-sales of Rs 4,800 crore. An upcoming launch of an 18.23-acre development contiguous to Estate 360 is also in the pipeline, with a potential of 4 million square feet of saleable area and a GDV of Rs 9,000 crore.
Max Estates' strategic land acquisitions and project launches are a testament to its commitment to growth and development in the NCR real estate market. The company's focus on high-potential corridors like Golf Course Extension Road and Dwarka Expressway is expected to drive significant value for investors and homeowners alike.
Frequently Asked Questions
What is the total area of land acquired by Max Estates in Gurgaon?
Max Estates has acquired 7.25 acres of land in Gurgaon on Golf Course Extension Road.
What is the revenue potential of the new project?
The new project has a revenue potential of Rs 3,000 crore.
What is the total Gross Development Value (GDV) pipeline of Max Estates after this acquisition?
After this acquisition, Max Estates' GDV pipeline expands to over Rs 17,000 crore.
What are the key corridors Max Estates is focusing on in the NCR?
Max Estates is focusing on growth corridors such as Noida Expressway, Dwarka Expressway, and Golf Course Extension Road in the NCR.
What is the pre-sales achievement of the Estate 360 project?
The Estate 360 project has achieved pre-sales of Rs 4,800 crore.
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