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

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..