Max Estates acquires Gurugram land for Rs 3,000 crore housing project

09 Sep 2025 CW Team

Gurugram, 6 September 2025: Max Estates has acquired a 7.25-acre land parcel in Sector 59, Gurugram, to develop a premium residential project with an estimated sales potential of over Rs 3,000 crore. The project will have a total development potential of 1.3 million sq ft.

The company’s board has approved the acquisition of Base Buildwell Pvt Ltd (BBPL), a special purpose vehicle holding the licence and development rights for the site on Golf Course Extension Road. The transaction involves purchasing 100 per cent of BBPL’s share capital, comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each. The total outlay is estimated at Rs 534 crore, including security deposits, Transferable Development Rights, and related approvals.

This project aligns with Max Estates’ strategy to expand its presence in the Delhi-NCR real estate market through high-quality residential and office developments. Once completed, BBPL will operate as a wholly-owned subsidiary of the company.

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