NEW DELHI: Max Estates has acquired the development rights to a 7.25-acre land parcel in Sector 59, Gurugram.
This agreement involves purchasing 100% of Base Buildwell (BBPL), a project SPV that holds the license and development rights for the land.
The project has the potential for 1.3 million sq ft of development, with an estimated investment of ₹534 crore, and is projected to yield a booking value exceeding ₹3,000 crore.
The investment includes the complete acquisition of BBPL’s share capital, comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, along with project-level expenses for security deposits, transferable development rights, and necessary approvals.
This acquisition enhances the company’s gross development value (GDV) pipeline from ₹14,000 crore to over ₹17,000 crore, featuring various projects in Gurugram and Noida slated for launch starting Q3 FY26.
The company is also pursuing a 18.23-acre development along the Dwarka Expressway, which has a potential saleable area of 4 million sq ft and a GDV of ₹9,000 crore.
