Max Estates Ltd. saw its shares surge over 3% after announcing a strategic deal to acquire development rights for a premium 7.25-acre land parcel in Sector 59, Gurugram, along the highly sought-after Golf Course Extension Road.
Under the deal, Max Estates will purchase 100% shareholding in Base Buildwell Private Limited (BBPL), a project SPV that holds the license and development rights for the land. Subject to regulatory approvals and standard closing conditions, the project is expected to have a development potential of approximately 1.3 million sq. ft., with an estimated investment of INR 534 Crore and projected booking value exceeding INR 3,000 Crore.
This acquisition significantly strengthens Max Estates’ footprint in the luxury residential segment of Delhi NCR. With this deal, the company’s GDV (Gross Development Value) pipeline expands from ~INR 14,000 Crore to over INR 17,000 Crore, covering multiple upcoming projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards.
The move aligns with Max Estates’ ongoing growth strategy in Gurugram’s luxury housing market. It complements the company’s Estate 360 project on Dwarka Expressway (Sector 36A), which has already achieved pre-sales of INR 4,800 Crore, and the forthcoming launch of an 18.23-acre contiguous development with ~4 million sq. ft. saleable area and an estimated GDV of INR 9,000 Crore.
