Max Estates Limited has announced impressive pre-sales of ₹4,100 crore from its first residential project in Gurugram. The company had initially set a target of ₹4,000 crore for FY25 and has already collected ₹400 crore.
Sahil Vachani, the Managing Director and Vice Chairman of Max Estates, stated, “As we prepare to launch new LiveWell experiences, our main focus is on executing multiple projects and expanding our portfolio by adding 3 million square feet each year.”
Due to the success of this project, Max Estates has raised its guidance for the Gross Development Value (GDV) of Estate 360 from ₹4,000 crore to ₹4,800 crore for FY25.
“The successful launch of Estate 360 has strengthened Max Estates’ strategy to grow in this sector. Earlier this year, we acquired an additional 18.23 acres of land next to our current development through a Joint Development Model (JDA). This new project is in the design phase and will be launched in stages starting next financial year, with a total development potential of 4 million square feet and a GDV of ₹9,000 crore,” explained Rishi Raj, the COO of Max Estates.
Estate 360 is notable for being Delhi NCR’s first large-scale intergenerational residential community, designed by Gensler, a top global design firm. Two out of six residences are specifically for senior living and are managed by Antara Senior Living, featuring a healthcare center accessible to all residents. The entire development is IGBC Platinum Pre-certified, highlighting its commitment to sustainability. Max Estates has built a diverse real estate portfolio across two asset classes in Delhi NCR and has partnered with New York Life Insurance Company (NYL) for its commercial office platform.
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