Max Estates Ltd has expanded its footprint in the Delhi-NCR real estate market by acquiring a 7.25-acre land parcel in Sector 59, Gurugram. The company plans to invest approximately ₹534 crore to develop a premium residential project on this land, with an estimated booking value exceeding ₹3,000 crore.

The acquisition was made through the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a special purpose vehicle (SPV) that holds the license and development rights for the land. The board of Max Estates approved the acquisition, which is subject to regulatory approvals and closing conditions. Upon completion of the transaction, BBPL will become a wholly-owned subsidiary of Max Estates.

The 7.25-acre land parcel is located on Golf Course Extension Road in Sector 59, Gurugram. Max Estates estimates the development potential of the land to be 1.3 million square feet. The company intends to develop a premium residential project on the site, aligning with its strategy to focus on high-quality homes in the Delhi-NCR region.

This acquisition will increase Max Estate's gross development value (GDV) pipeline from ₹14,000 crore to over ₹17,000 crore, including projects in Gurugram and Noida scheduled for launch from Q3 FY26 onwards. Max Estates is also working on an 18.23-acre development on Dwarka Expressway, which has a potential of 4 million square feet of saleable area and a GDV of ₹9,000 crore.