Max Estates shares jumped more than 2% in morning trade after launching its first residential development in Gurugram.
In the exchange filing, the company shared on Monday that it had launched Estate 360, its first residential development in Gurugram, on August 27, 2024. In just 30 days of the launch, it achieved a pre-sales booking value of about Rs 4,100 crore, exceeding the company’s guidance of around Rs 4,000 crore for FY25. The company stated that it had already collected around Rs 400 crore.
As of 10:17 am, Max Estates shares were trading 2.51% higher at Rs 622.50 on the NSE.
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