3rd Oct 2024 Noida, Uttar Pradesh, India Max Estates Limited (Max Estates), a leading real estate developer in Delhi NCR, launched its first Residential development in Gurugram – Estate 360 on 27th August 2024 after receiving its RERA registration (RC/REP/HARERA/GGM/860/592/2024/87) on 16th August 2024.
Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of ~INR 4,100 Crore surpassing the guidance of ~INR 4,000 Crore provided by the company for FY 25. It has already received a collection of ~INR 400 Crore. With this successful launch, Max Estates revises the guidance for the total Gross Development Value potential of Estate 360 from INR 4,000 Crore to ~INR 4,800 Crore in FY 25.
Commenting on this development, Sahil Vachani, MD & Vice Chairman of Max Estates said, “We are overwhelmed by the response to our first inter generational offering in Gurugram. The two successful launches – Estate 128 (Noida) in FY 24 and Estate 360 (Gurugram) in FY 25 at market leading price points and velocity, clearly establishes Max Estates’ ability to seamlessly curate Location, Product Quality and End User experience to enable holistic well-being through the LiveWell philosophy.”
“As we look forward to introducing new LiveWell experiences, our primary focus remains on the execution of multiple projects and to scale the portfolio by adding ~3 mn square feet every year,” he said.
Commenting on this development, Rishi Raj, COO of Max Estates said, “The successful launch of Estate 360, located in Sector 36A, Dwarka Expressway, Gurugram, has further reinforced Max Estates’ decision to consolidate its presence in this sector by acquiring additional 18.23 acres of land contiguous to current development, earlier this year, through a Joint Development Model (JDA) model. The project is under design and will be launched in phases starting next financial year, with overall development potential of ~4 mn square feet and Gross Development Value potential of ~INR 9,000 Crore.”
Estate 360 is Delhi NCR’s first intergenerational residential community at a scale designed by Gensler, a leading global design and architecture firm. It is designed with a deep understanding of generational needs and endeavors to bring people together through intentional design, natural landscape, and shared spaces covering more than 60 amenities catering to different age groups, cultures, and lifestyles.
Two of the six residences are dedicated to senior living managed by Antara Senior Living with a dedicated healthcare centre open to all residents of the community. The entire development is an IGBC Platinum Pre-certified incorporating sustainability best practices.
Situated at the confluence of Dwarka Expressway, Central Peripheral Road and NH-8, the location has emerged as a hub for premium residential projects within Gurugram having seamless connectivity to the International Airport, different parts of Delhi as well key commercial and residential hubs within Gurugram.