Max Estates Limited on the 30th of September reported pre-sales booking of about ₹4,100 crore towards their maiden project in Gurugram within 30 days of the launch. With respect to the project called Estate 360, which met a very favorable response from the consumers, the company has reviewed its outlook on the full value that can be derived from the development.

The original guidance from the company itself stood at ₹4,100 crore estimating for growth in guidance FY25 with ₹400 crore recouped. “Post the successful launch, Max Estates is enhancing its gross development value potential of Estate 360 Global from ₹4000 crores to about ₹4800 crores in FY25’ the statement read.

Rishi Raj, the COO of Max Estates, said that the outstanding performance of Estate 360 located at Sector 36A, Dwarka Expressway, Gurugram persuaded the company to buy up more land measuring 18.23 acres contiguous to its earlier land this year through a Joint Development Agreement JDA. The project is in the design phase and the launching will be phased in the subsequent financial year with an approximate development potential of 4 million square feet and a gross development value of around ₹ 9000 crores.

As stated, Estate 360 is described in the statement as the first large intergenerational housing development in the Delhi NCR region designed by the firm Gensler. Out of the six residences, two are focused on aged care within the complex, entrusted to the management of Antara Senior Living and with a health care unit for the entire community.

Sahil Vachani, who is Managing Director and Vice Chairman at Max Estates said, “While we are ready to launch new LiveWell experiences, our primary objective remains to execute multiple projects and grow the portfolio by around three million square feet each year.”