Max Estates Acquires Gurugram Land for Rs 30 Billion Project

08 Sep 2025 CW Team

As part of the transaction, the company’s board has approved acquiring full ownership of Base Buildwell Private Limited (BBPL), the special purpose vehicle holding the licence and development rights for the plot. The acquisition remains subject to regulatory approvals and closing conditions.

The project has a development potential of approximately 1.3 million sq ft, with an estimated outlay of Rs 5.34 billion. Max Estates expects the scheme to generate bookings worth more than Rs 30 billion. Following this addition, the company’s gross development value (GDV) pipeline has expanded from Rs 140 billion to over Rs 170 billion, covering multiple projects across Gurugram and Noida, scheduled for launch from Q3 FY26 onwards.

This latest deal strengthens Max Estates’ presence in Gurugram’s high-end residential market. It complements the company’s Estate 360 project on Dwarka Expressway (Sector 36A), which has achieved pre-sales of Rs 48 billion, and the upcoming launch of an 18.23-acre development adjoining Estate 360, offering around 4 million sq ft of saleable area with a GDV potential of Rs 90 billion.

“This marquee deal is a significant milestone in Max Estates’ journey of building NCR’s most trusted luxury real estate brand. It furthers our commitment to curate ‘LiveWell’ and ‘WorkWell’ experiences across key development vectors in Delhi NCR, including Noida Expressway, Dwarka Expressway and Golf Course Extension Road. GCER is today among the most vibrant residential hubs, and this project will strengthen our growing footprint in Gurugram,” said Sahil Vachani, vice chairman and managing director of Max Estates.

Upon completion, BBPL will become a wholly-owned subsidiary of Max Estates. The company, one of India’s leading real estate developers, continues to expand its housing and office complex portfolio across Delhi-NCR.

Max Estates Limited has secured development rights for a 7.25-acre land parcel in Sector 59, Gurugram, situated along the prestigious Golf Course Extension Road. The company announced in a regulatory filing on 6 September that it will develop a premium residential project on the site, with an estimated booking value exceeding Rs 30 billion.As part of the transaction, the company’s board has approved acquiring full ownership of Base Buildwell Private Limited (BBPL), the special purpose vehicle holding the licence and development rights for the plot. The acquisition remains subject to regulatory approvals and closing conditions.The project has a development potential of approximately 1.3 million sq ft, with an estimated outlay of Rs 5.34 billion. Max Estates expects the scheme to generate bookings worth more than Rs 30 billion. Following this addition, the company’s gross development value (GDV) pipeline has expanded from Rs 140 billion to over Rs 170 billion, covering multiple projects across Gurugram and Noida, scheduled for launch from Q3 FY26 onwards.This latest deal strengthens Max Estates’ presence in Gurugram’s high-end residential market. It complements the company’s Estate 360 project on Dwarka Expressway (Sector 36A), which has achieved pre-sales of Rs 48 billion, and the upcoming launch of an 18.23-acre development adjoining Estate 360, offering around 4 million sq ft of saleable area with a GDV potential of Rs 90 billion.“This marquee deal is a significant milestone in Max Estates’ journey of building NCR’s most trusted luxury real estate brand. It furthers our commitment to curate ‘LiveWell’ and ‘WorkWell’ experiences across key development vectors in Delhi NCR, including Noida Expressway, Dwarka Expressway and Golf Course Extension Road. GCER is today among the most vibrant residential hubs, and this project will strengthen our growing footprint in Gurugram,” said Sahil Vachani, vice chairman and managing director of Max Estates.Upon completion, BBPL will become a wholly-owned subsidiary of Max Estates. The company, one of India’s leading real estate developers, continues to expand its housing and office complex portfolio across Delhi-NCR.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..