Max Estates trades higher after Gurugram residential projects receives pre-sales booking of ₹4,100 crore

The company reported that it has already received a collection of ₹400 crore for the project and the company’s pre-sales booking has exceeded the guidance it had provided for FY25.

Max Estates stated that Estate 360 is Delhi NCR’s first intergenerational residential community at scale. The project has been designed by Gensler and has incorporated features such as natural landscapes and shared spaces. The project has over 60 amenities to cater to various needs.

Two out of the six residences in the project are dedicated to senior living. These residences will be managed by Antara Senior Living and include a dedicated healthcare centre that is available to all the residents of the community.

The project is located at the confluence of the Dwarka Expressway, Central Peripheral Road, and NH-8. The project is located in a hub for residential projects and offers connectivity to various parts of Delhi including the international airport.

Rishi Raj, chief operating officer of Max Estates, said, that the launch of Estate 360 has solidified the company’s position in the market and has reinforced the company’s decision to acquire additional land in the area contiguous to the current development. He stated that the upcoming is under design and will be launched in phases.

“The project is under design and will be launched in phases starting next financial year, with overall development potential of ~4 million square feet and Gross Development Value potential of ~₹9,000 crore,” he said.

Shares of the company have risen by nearly 95% since the beginning of the year. The stock has gained over 117% in the past year.