Max Estates, the real estate arm of Max Ventures & Industries Limited, has entered the residential real estate market in Gurgaon through a joint development agreement, with development potential of around 2.4 msf and gross development value of over Rs 3,200 crore.
Spread across 11.8 acre, the land parcel is located in Sector 36A, Gurgaon, connecting directly with the Dwarka Expressway. The site is situated at the confluence of the Dwarka Expressway, Central Peripheral Road (CPR), and planned metro corridor. It is also in close proximity to the Global City plan proposed by the Haryana government.
Sahil Vachani, MD and CEO of Max Ventures and Industries Limited, said, “FY 2023 has been a defining year for the company’s real estate business in its growth journey. With this acquisition, we will be ending FY 2023 with a real estate portfolio of 8 msf, which is well diversified in terms of geographical footprint across Delhi, Noida and Gurgaon as well as between residential and commercial assets.”
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