Max Estates’ Gurugram project records pre-sales booking of ₹4,100 Crore

30 Sep 2024 , 03:33 PM

On September 30, Max Estates announced that Estate 360, its first residential property in Gurugram, had pre-sales bookings for ₹4,100 Crore within 30 days of debut.

This exceeds the company’s projection of ₹4,000 Crore for FY25. Estate 360 was launched on August 27, 2024, following its RERA registration on August 16, 2024.

The company reported a collection of ₹400 Crore. Following the successful launch of Estate 360, the business raised its projection for the overall gross development value potential of the project from ₹4,000 Crore to ₹4,800 Crore in FY25.

The company’s COO, Rishi Raj, stated that the successful launch of Estate 360 has reinforced the company’s decision to consolidate its presence in Sector 36A by acquiring an additional 18.23 acre of property adjacent to the current development earlier this year under a collaborative development approach.

Estates 360 is situated at Sector 36A, Dwarka Motorway, Gurugram. The corporation claims that it has over 60 amenities that cater to various age groups, cultures, and lifestyles. Antara Senior Living manages two of the six apartments, which include a specialised healthcare centre open to all community residents, according to the statement.

At around 11.50 AM, Max Estates was trading 1.38% higher at ₹615.65, against the previous close of ₹607.25 on NSE. The counter touched an intraday high and low of ₹627.90, and ₹611.55, respectively.

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