Max Estates Limited has announced the acquisition of development rights for a 7.25-acre land parcel in Gurugram’s Sector 59, a prime location along Golf Course Extension Road. The company plans to launch a premium residential project on the site, with an estimated booking value of over ₹3,000 crore, according to a regulatory filing made on September 6.
The project is expected to have a development potential of around 1.3 million square feet. Max Estates has estimated an investment outlay of ₹534 crore, with the development likely to generate booking revenues exceeding ₹3,000 crore.
As part of the transaction, Max Estates’ board has approved the acquisition of 100 percent shareholding in Base Buildwell Private Limited (BBPL). The special purpose vehicle holds the licence and development rights for the land parcel in Sector 59. Following regulatory approvals and the fulfilment of closing conditions, BBPL will become a wholly-owned subsidiary of Max Estates Limited.
The move expands the company’s Gross Development Value (GDV) pipeline from ₹14,000 crore to over ₹17,000 crore. This pipeline includes ongoing and upcoming projects across Gurugram and Noida, many of which are scheduled to launch from the third quarter of FY26 onwards.
Sector 59 is one of the most sought-after residential hubs in Gurugram, with Golf Course Extension Road emerging as a preferred destination for premium housing. The corridor has witnessed large-scale residential launches in the past decade, driven by its connectivity to Golf Course Road, Southern Peripheral Road, and Sohna Road, along with proximity to commercial hubs in Gurugram.
The area also benefits from upcoming infrastructure developments, including proposed metro connectivity and improvements in road networks, which are expected to further boost residential demand.
The acquisition complements Max Estates’ growing footprint in Gurugram’s luxury housing market. The company recently achieved pre-sales worth ₹4,800 crore for its Estate 360 project located in Sector 36A along Dwarka Expressway. It is also preparing to launch a contiguous 18.23-acre development in the same sector, offering around 4 million square feet of saleable area with a GDV of ₹9,000 crore.
The new Sector 59 project adds to this pipeline, reinforcing the company’s strategy to focus on high-value residential developments across Delhi-NCR.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates, described the deal as a milestone in the company’s journey to strengthen its position in NCR’s premium housing market. He noted that the development aligns with the company’s ‘LiveWell’ and ‘WorkWell’ philosophy, which aims to integrate lifestyle and work experiences across its portfolio.
According to Vachani, Golf Course Extension Road is among the most vibrant residential hubs in NCR, and this acquisition is expected to further consolidate Max Estates’ standing as a trusted luxury real estate developer in the region.
Gurugram has seen strong traction in the premium and luxury housing segments over the past three years, driven by rising demand from end-users and investors, improved connectivity, and growth in high-income households. The Dwarka Expressway and Golf Course Extension Road have emerged as key hotspots, attracting developers with large-scale residential projects.
With government infrastructure projects progressing in the region and continued interest from corporate executives and professionals, developers are expanding their luxury portfolios. Max Estates’ acquisition reflects this larger trend, where branded developers are consolidating their presence in NCR’s most lucrative micro-markets.
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