Expands presence in Gurugram with premium housing development in Sector 59
Max Estates, the real estate arm of the Max Group, has announced the acquisition of development rights for a 7.25-acre land parcel in Sector 59, Gurugram, along the Golf Course Extension Road—one of the city’s most premium residential corridors. The project is expected to generate a gross development value (GDV) exceeding ₹3,000 crore, marking a major step in the company’s strategy to expand its footprint in the National Capital Region (NCR).
Acquisition Details
The development rights were secured through the acquisition of Base Buildwell Pvt. Ltd., which held the license and development rights for the land parcel. The transaction involves an estimated outlay of ₹534 crore, positioning Max Estates to capitalize on the rising demand for luxury residential projects in Gurugram.
Project Overview
- Location: Sector 59, Gurugram, Golf Course Extension Road
- Type: Premium residential development
- Land Area: 7.25 acres
- Development Potential: Approximately 1.3 million sq. ft.
- GDV: Exceeding ₹3,000 crore
This aligns with Max Estates’ strategy of focusing on premium and luxury residential developments, catering to the growing demand for high-quality housing in urban hubs.
Strategic Significance
The Gurugram acquisition strengthens Max Estates’ development pipeline and marks its entry into one of India’s most competitive real estate markets. Gurugram, especially the Golf Course Extension Road, has emerged as a high-demand residential zone, driven by strong infrastructure, connectivity, and aspirational housing demand.
By adding this project, Max Estates is set to significantly expand its GDV pipeline while furthering its ambition to become a leading developer in the NCR region.
Company Impact
This acquisition represents a milestone in Max Estates’ growth trajectory, enhancing both its financial and strategic positioning:
- Boosts GDV pipeline beyond ₹3,000 crore from this single project.
- Reinforces focus on luxury housing, a high-growth segment in NCR.
- Provides a strong presence in Gurugram’s premium real estate market.
Outlook
With this acquisition, Max Estates is poised to capture the premium residential demand in Gurugram, supported by strong economic growth, rising disposable incomes, and continued housing demand in NCR. The company’s ability to secure strategic land parcels underlines its disciplined capital allocation approach and long-term growth vision.
Disclaimer:
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