Max Estates Shares Rose After Securing Strategic Land Parcel in Sector 59, Gurugram

On September 8, 2025, Max Estates shares rose over 2%, reaching a day high of ₹458.00 at 10:10 AM, after opening at ₹438.05 on BSE. The gain in Max Estates shares came after the company on September 6 announced the acquisition of development rights for a premium 7.25-acre land parcel in Sector 59, Gurugram, Golf Course Extension Road.

GDV to Surpass ₹17,000 Crore

As part of the transaction, Max Estates will acquire 100% equity in Base Buildwell Private Limited (BBPL), the Special Purpose Vehicle (SPV) that holds the license and associated development rights for the land. The transaction is subject to regulatory approvals and standard closing conditions.

With a development potential of approximately 1.3 million square feet, the project is expected to involve an investment of around ₹534 crore and is projected to deliver a booking value exceeding ₹3,000 crore. This acquisition not only enhances Max Estates’ portfolio of luxury residential developments but also cements its position as a preferred brand for upscale urban living in Delhi NCR.

Following this acquisition, the company’s Gross Development Value (GDV) pipeline expands from approximately ₹14,000 crore to over ₹17,000 crore, encompassing a series of upcoming launches across Gurugram and Noida slated for rollout starting Q3 FY26.

Strategic Importance

This acquisition marks a key milestone in Max Estates’ ongoing expansion strategy in Gurugram’s luxury residential market. It follows the resounding success of Estate 360, the company’s flagship project on Dwarka Expressway (Sector 36A), which has already recorded impressive pre-sales of ₹4,800 crore.

Additionally, Max Estates is gearing up to launch a contiguous 18.23-acre development adjacent to Estate 360, with an estimated saleable area of 4 million sq. ft. and a projected GDV of ₹9,000 crore.

Also Read: Hyundai Share Price in Focus; Announces Price Cuts Following GST Reforms: Check Model Wise Details

With a growing pipeline of premium projects and a clear focus on delivering quality, design, and value, Max Estates is poised to redefine the luxury living experience across the NCR.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.