 "Max Estates soars with Estate 360’s overwhelming pre-sales of ₹4,100 crore, merging luxury with intergenerational living in Gurugram.")
Max Estates Limited, part of the Max Group, recently achieved remarkable success with its luxury project, Estate 360, in Gurugram. Launched on August 27, 2024, the project recorded pre-sales booking of Rs 4,100 crore, exceeding its initial target of Rs 4,000 crore for FY25. This development, located on the Dwarka Expressway, aims to enhance its community appeal by including residences for Antara Senior Living, creating an intergenerational living environment. With plans to further expand its portfolio and develop additional land, Max Estates aims to increase the project’s Gross Development Value to Rs 9,000 crore. Following this announcement, the company saw an uptick in its stock prices, highlighting strong investor confidence.
Max Estates Limited, the real estate venture of the Max Group, has announced an impressive achievement with Rs 4,100 crore in pre-sales bookings from its newly launched luxury project, Estate 360, in Gurugram. Launched on August 27, the project, situated on the Dwarka Expressway in Sector 36A, has surpassed the company’s initial forecast of Rs 4,000 crore for the fiscal year 2025.
The success of Estate 360 has prompted Max Estates to revise its Gross Development Value potential upwards from Rs 4,000 crore to an anticipated Rs 4,800 crore for FY25. Sahil Vachani, the managing director and vice chairman, revealed the company’s strategy to expand its portfolio by an additional 3 million square feet each year. The project is not only set to enhance the area but will also include two residences dedicated to Antara Senior Living, aiming to create an intergenerational living community.
Rishi Raj, the chief operating officer, highlighted the plan for further development, with designs for an additional 4 million square feet of space in the works, projected to have a Gross Development Value of Rs 9,000 crore. Following this positive news, shares of Max Estates have seen a boost on the Bombay Stock Exchange, indicating strong investor interest.
With a growing emphasis on community living and luxury accommodations, Estate 360 stands out as a significant addition to Gurugram’s real estate landscape, appealing to a range of homebuyers.
Tags: Max Estates, Estate 360, Gurugram Real Estate, Luxury Housing, Antara Senior Living, Intergenerational Living Community, Real Estate News, Indian Property Market.
What is Max Group’s recent achievement in the real estate sector?
Max Group has exceeded its financial guidance for FY25 with its first project launched in Gurugram.
What is the location of Max Group’s maiden project?
The first project is located in Gurugram, a popular city known for its growing real estate Market.
How has the project performed so far?
The project has performed well, helping Max Group surpass its financial expectations for the fiscal year.
What does this success mean for Max Group’s future projects?
This success indicates strong growth potential for Max Group’s future real estate projects in other locations.
Is Max Group planning to launch more projects?
Yes, Max Group is likely to consider launching more real estate projects in the future based on the success of the Gurugram project.
