Max Estates lifts Rs.4100 crore in pre-launching sale of new residential project in Gurugram

The listed realty giant Max Estates Limited has declared that,they have launched their first residential development in Gurugram, Estate 360 on 27th August 2024. Reportedly, within 30 days of the launch, the company has received approximately Rs.4,100 crorein pre-sales booking and surpassed around Rs.4,000 crore provided by the company for FY25.

After this launch the company has revised the guidance for the total gross development value potential of Estate 360 from Rs.4,000 crore to around Rs. 4,800 crore in FY25. 

The MD & Vice Chairman, Max Estates, Sahil Vachani, commented, “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.”

He also 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 around 3 million square feet every year.”

The COO of Max Estates, Rishi Raj told, “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 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 million square feet and Gross Development Value potential of Rs.9,000 crore.”

Estate 360, created by the global design and architecture firm Gensler, is crafted with a profound understanding of generational needs. The development aims to foster community through intentional design, natural landscapes, and shared spaces, offering over 60 amenities tailored to various age groups, cultures, and lifestyles.

Two of the six residences are specifically dedicated to senior living and are managed by Antara Senior Living. These residences include a healthcare center that is accessible to all residents, ensuring that the needs of the community are met.

Additionally, the entire development is IGBC Platinum Pre Certified, reflecting a strong commitment to sustainability best practices. This certification underscores the project's focus on environmentally responsible design and living.