Max Estates Achieves ₹4,100 Crore Pre-Sales in Just 30 Days for Estate 360

On September 30, 2024, Max Estates Limited announced the resounding success of its inaugural residential development in Gurugram, Estate 360. Launched on August 27, 2024, after obtaining RERA registration, the project has garnered pre-sales bookings worth ~₹4,100 crore within just 30 days. This remarkable achievement surpasses the company’s initial guidance of ₹4,000 crore for FY 25.

Estate 360, designed by renowned global firm Gensler, is Delhi NCR’s first large-scale intergenerational residential community. It offers a comprehensive range of amenities catering to different age groups, cultures, and lifestyles, fostering a sense of community and shared experiences.

One of the standout features of Estate 360 is its two dedicated senior living residences managed by Antara Senior Living. These residences include a dedicated healthcare centre, ensuring the well-being of all residents. The entire development is IGBC Platinum Pre-certified, reflecting Max Estates’ commitment to sustainability and environmental responsibility.

Strategically located at the intersection of Dwarka Expressway, Central Peripheral Road, and NH-8, Estate 360 benefits from excellent connectivity to the International Airport, Delhi, and other key commercial and residential areas in Gurugram. This prime location has made it a highly desirable destination for premium residential projects.

The strong response to Estate 360 has prompted Max Estates to revise its guidance for the total Gross Development Value potential of the project from ₹4,000 crore to ~₹4,800 crore in FY 25. This reflects the project’s exceptional market appeal and the company’s confidence in its success.

Commenting on this development, the MD and Vice Chairman of Max Estates, Sahil Vachani, said, “We are overwhelmed by the response to our first inter-generational offering in Gurugram. The two successful launches – Estate 128 (Noida) in FY 24 and Estate 360 (Gurugram) in FY 25 at market-leading price points and velocity, clearly establish Max Estates’ ability to seamlessly curate Location, Product Quality and End User experience to enable holistic well-being through the LiveWell philosophy.” 

He further added, “As we look forward to introducing new LiveWell experiences, our primary focus remains on the execution of multiple projects and to scale the portfolio by adding ~3 mn square feet every year.”

Rishi Raj, COO of Max Estates said, “The successful launch of Estate 360, located in Sector 36A, Dwarka Expressway, Gurugram, has further reinforced Max Estates’ decision to consolidate its presence in this sector by acquiring an additional 18.23 acres of land contiguous to current development, earlier this year, through a Joint Development Model (JDA) model. The project is under design and will be launched in phases starting next financial year, with overall development potential of ~4 mn square feet and Gross Development Value potential of ~₹9,000 Crore.” 

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