+
Max Estates Posts Robust Pre-sales And Launches Estate 361
Real Estate

Max Estates Posts Robust Pre-sales And Launches Estate 361

Max Estates Limited (MEL) reported strong sales momentum in Gurugram after launching Estate 361 and recording over Rs 19 bn of pre-sales year to date. The company launched Phase One of Estate 361 in Sector 36A, Gurugram, with a gross development value of about Rs 25 bn and average realisation at Rs 22,000 per sq. ft., reflecting a significant premium to the micro-market and to the company's prior project. The performance reinforced the appeal of differentiated, wellbeing oriented residential products under the company's LiveWell philosophy.

Estate 361 is presented as a forest anchored residential community spread across 18.23 acres, with about 250,000 sq. ft. of forest greens, more than 1,000 indigenous trees and over 50 species of climate resilient flora curated for Gurugram. The development will include Senior Living Residences managed by Antara Senior Living Limited (Antara) and an Antara Integrated Wellness Centre, providing a holistic wellbeing ecosystem focused on preventive and personalised care. The market response was described as encouraging and indicative of sustained demand for high quality, wellness centric developments.

Commercial leasing momentum complemented residential traction, with a binding letter of intent for around 200,000 sq. ft. pre leased at Max District, Gurugram, delivering approximately Rs 2.7 bn in gross rentals and concluded three years before completion at a premium exceeding 35 per cent to prevailing market rents. The result underlined the strength of the company's mixed use strategy and ability to secure marquee tenancy ahead of project handover.

In Noida, Estate 128 achieved pre-sales amounting to Rs 27.34 bn for Phases One and Two and is reported as fully sold, with collections of Rs 10.94 bn on track. Construction activity continued with progress on upper floor slabs for Phase One and initial slabs for Phase Two, supporting the company's delivery schedules and liquidity visibility.

Max Estates Limited (MEL) reported strong sales momentum in Gurugram after launching Estate 361 and recording over Rs 19 bn of pre-sales year to date. The company launched Phase One of Estate 361 in Sector 36A, Gurugram, with a gross development value of about Rs 25 bn and average realisation at Rs 22,000 per sq. ft., reflecting a significant premium to the micro-market and to the company's prior project. The performance reinforced the appeal of differentiated, wellbeing oriented residential products under the company's LiveWell philosophy. Estate 361 is presented as a forest anchored residential community spread across 18.23 acres, with about 250,000 sq. ft. of forest greens, more than 1,000 indigenous trees and over 50 species of climate resilient flora curated for Gurugram. The development will include Senior Living Residences managed by Antara Senior Living Limited (Antara) and an Antara Integrated Wellness Centre, providing a holistic wellbeing ecosystem focused on preventive and personalised care. The market response was described as encouraging and indicative of sustained demand for high quality, wellness centric developments. Commercial leasing momentum complemented residential traction, with a binding letter of intent for around 200,000 sq. ft. pre leased at Max District, Gurugram, delivering approximately Rs 2.7 bn in gross rentals and concluded three years before completion at a premium exceeding 35 per cent to prevailing market rents. The result underlined the strength of the company's mixed use strategy and ability to secure marquee tenancy ahead of project handover. In Noida, Estate 128 achieved pre-sales amounting to Rs 27.34 bn for Phases One and Two and is reported as fully sold, with collections of Rs 10.94 bn on track. Construction activity continued with progress on upper floor slabs for Phase One and initial slabs for Phase Two, supporting the company's delivery schedules and liquidity visibility.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code