Max Estates enters Gurugram residential mkt with 2.4 m sqft development potential

February 17, 2023, New Delhi: Max Ventures & Industries Limited’s (MaxVIL) real estate arm, Max Estates, has entered the residential market in Gurugram through a joint development agreement, with development potential of ~2.4 mn. sq. ft. and gross development value in excess of Rs 3,200 crores, said a press release issued by the company.

The land parcel admeasures ~11.8 acres and is located in Sector 36A, Gurugram. 

Sahil Vachani, MD & CEO of Max Ventures & Industries Limited, said, “FY2023 has been a defining year for the company’s real estate business in its growth journey. With this acquisition, we will be ending FY2023 with a real estate portfolio of ~8 mn. sq. ft., which is well diversified in terms of geographical footprint across Delhi, Noida and Gurugram as well as between residential & commercial assets. Our focus continues to be on exceptional design, sustainability and consumer experiences anchored on our WorkWell and LiveWell philosophy.”