One of the pre-eminent property development companies in the National Capital Region of Delhi Max Estates Limited (Max Estates), launched Estate 360, its maiden residential project on August 27, 2024 viz. This came about after Max Estates received its RERA registration (RC/REP/HARERA/GGM/860/592/2024/87) on August 16, 2024.
In just a month of operations, Estate 360 has pre-sales booking value of more than INR 4100 Crore which is more than Rs 4,000 Crore which the company had estimated for its FY 25. Almost INR 400 crores has already been recognized by it. After the successful launch of the project Max Estates has scrambled this down further pinching the upper ceiling of Estate 360’s GTV from INR 4,000 Crore to RBI 4,800 Crore in Fiscal 25.
Yoshil Vachani, MD & Vice Chairman of Max Estates, commented on this situation saying, “We are overwhelmed with the response to our first inter-generational offering in Gurugram.” With those two successful launches, Max Estate 128, the best property in Noida in FY 24 and Estate 360 (Gurgaon) in FY 25, at reasonable pricing and within given time frames, Max Estates has been successfully able to choose Location, Product Quality and End User Experience in order promote overall wellbeing through the LiveWell concept.
This will be done while expecting the launching of new LiveWell experiences and managing numerous projects with annual portfolio growth of 3 million square feet continuing to be the highest priorities.
About Estate 360
Designed by prominent US Architecture and Design Company Gensler, Estate 360 is the first large-scale multigenerational residential complex launched in Delhi NCR. It incorporates more than 60 Amenities promising outstanding community spaces, while being considerate of the needs of the people of different ages, cultures and lifestyles, and nurturing a sense of community within.
Out of the 6 apartments, two apartments have been found belonging to Antara Senior Living who is providing accommodation exclusively for old age people. The same is accessible to all the residents of the community. The development is also certified as IGBC Platinum Pre certified throughout.
This property in Gurugram is at the junction of Dwarka Eway, Central Peripheral Road and NH-8, which encircled as a zone of absolute high class residential buildings in gurgaon considering the fact it provides easy access to the international airport and other parts of Delhi as well as the important residential and business centres in Gurgaon.
The pre-sales booking figure achieved for the maiden residential development by Max Estates in Gurugram is Rs4,100 crores against an internal Corporate forecast of Rs 4,000 crores for FY25 which is quite impressive.
Further, with the launch of the new project named Estate 360 located at Sector 36A Dwarka Expressway Gurugram the Max Estates position in this sector was enhanced. Earlier this year, the company utilized a joint development model (JDA) to purchase 18.23 acres of land owing to the current project earlier this year.
The project has a gross development value potential of about Rs 9000 crore and an overall development potential of about 4 million sq feet. The project is currently in the designing stage and is expected to be rolled out in phases starting from the next financial year.
About Max Group
Max Estates Limited is the real estate arm of the Max Group. The company develops grade A office and residential buildings in the National Capital Region. The company undertook very aggressive expansion in real estate development and built up a well diversified real estate portfolio in Delhi NCR across the two asset classes and in this course, entered into an association with New York Life Insurance Company(NYL) especially for commercial office platform.
Max Estates designs high-end, environment-friendly, efficient buildings with focus on wellbeing in the Delhi NCR region. We have especially curated a handful of spaces which encourage culture, innovation and collaboration. While these spaces are useful and attractive, they are also eco-friendly and designed for the wellbeing of the occupants.
New development along with ongoing development is distributed across a variety of asset classes, critical locations in the Delhi NCR region and a range of risk profiles taking in under construction, nearly complete and completed assets. Max Estates is driven towards becoming the most preferred real estate brand in NCR by enhancing the objective of improving the well being of the people.
Conclusion
Max Estates achieved the astonishing amount of ₹4,100 crore worth of houses sold in less than a month achievement which is clear and target hint of a greater potential within Gurugram real estate market for mass demand and target market. This accomplishment not only shows where the company is in terms of positioning but the degree of growth that the market has causing both inflow of investor and home buyer.
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