Max Estates Signs Joint Development Agreement in Gurugram for 18 acre land

Max Estates Signs Joint Development Agreement in Gurugram for 18 acre land

Max Estates Expands Luxury Residential Portfolio in Gurugram by signing the Joint Development Agreement in Gurugram at Dwarka Expressway.  Max Estates Limited (Max Estates), the real estate arm of Max Group, has announced a significant expansion of its luxury residential portfolio in Gurugram.

Key Highlights:

• New Land Acquisition: Max Estates has entered a binding agreement for a new residential development on 18.23 acres of land in Gurugram.
• Project Location: Situated in Sector 36A on Dwarka Expressway, a prime location for luxury housing due to recent infrastructure upgrades.
• Project Size: The development area spans over 4 million square feet with a projected Gross Development Value (GDV) exceeding ₹9,000 crore.
• Combined Project: This new acquisition is adjacent to Max Estates’ existing 11.80 acres in the same sector, bringing their total holding to approximately 30 acres.
• Overall GDV Potential: Combining both land parcels suggests a cumulative GDV potential in Gurugram exceeding ₹13,000 crore over time.

Strategic Significance:

• Strengthens Market Position: This expansion solidifies Max Estates’ position as a leading developer in Gurugram’s luxury residential market.
• Diversified Portfolio: The new project adds to Max Estates’ existing portfolio in Delhi NCR, which now encompasses 12 million square feet of development potential across various asset classes (commercial and residential) and locations (Noida, Delhi, and Gurugram).
• Growth Strategy: This acquisition aligns with Max Estates’ goal of securing at least 2 million square feet of development opportunity annually in Delhi NCR.

Future Plans:

• Max Estates aims to navigate the regulatory process efficiently and establish a robust launch pipeline in the near to mid-term.

Quote:

• Rishi Raj, COO, Max Estates Ltd.:
  • Expresses delight at securing this opportunity in a prime location.
  • Highlights how this acquisition supports Max Estates’ growth strategy and expands its development portfolio by 50%.

Overall, this expansion marks a significant step for Max Estates, solidifying its presence in Gurugram’s luxury residential market and contributing to its goal of becoming a leading real estate brand in Delhi NCR.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in