Max Estates Limited, a renowned real estate developer in Delhi NCR, has informed exchanges that it launched its first residential complex in Gurugram, Estate 360, on August 27, 2024, after the receipt of its RERA registration on August 16, 2024.
Estate 360 surpassed the company’s FY 25 estimate of ~INR 4,000 Crore with a pre-sales booking value of ~INR 4,100 Crore within 30 days of launch. It has already received a collection of INR 400 crore. Following this successful launch, the company revises the guidance for the total Gross Development Value potential of Estate 360 from INR 4,000 Crore to ~INR 4,800 Crore in FY 25.
Sahil Vachani, MD & Vice Chairman of Max Estates, reacted to this development, saying, “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 establishes Max Estates’ ability to seamlessly curate Location, Product Quality and End User experience to enable holistic well-being through the LiveWell philosophy. 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.”
