Max Estates, the real estate arm of the Max Group, has announced the development of a major luxury residential project along the Dwarka Expressway in Gurugram.
Named as Estates 360, the project is projected to generate a revenue of ₹4,000 crore. As published by the Money Control Estates 360 will be situated at the confluence of Dwarka Expressway, Central Peripheral Road (CPR), and NH-8 in Gurugram. The development will span 11.8 acres and offer a total development area of 2.4 million square feet.
The project will include 864 luxury units, with about one-third designated for senior living. The senior living component will be developed in collaboration with Antara, a sister company of Max Estates. This segment will feature dedicated infrastructure and healthcare facilities designed for senior residents.
The Estates 360 project is currently awaiting approval from the Real Estate Regulatory Authority (RERA) and is expected to launch within the next two to three weeks. The anticipated price for the luxury apartments is approximately ₹5 crore.
Max Estates estimates the gross development value (GDV) of Estates 360 at ₹4,000 crore. This reflects the project’s scale and anticipated impact on the real estate market in Gurugram.
Max Estates has a strong balance sheet, supported by equity investments from New York Life Insurance. New York Life holds a 49% stake in Max Estates’ new commercial projects in Delhi-NCR and owns a 22.67% share in the company. This partnership has strengthened Max Estates’ financial position, with minimal debt relative to industry norms.
Max Estates’ total portfolio includes 12 million square feet of both completed and ongoing projects. This comprises approximately 4 to 4.5 million square feet of commercial space and 7.5 million square feet of residential developments. The company’s commercial projects are expected to generate annual rental income between ₹400 crore and ₹500 crore, while its residential projects have a total GDV of ₹15,000 crore.
In the coming four to five years, Max Estates plans to invest ₹3,400 crore in residential and commercial projects across Noida and Gurugram.
Rishi Raj, Chief Operating Officer of Max Estates, stated that the project is set to redefine luxury living by integrating senior and non-senior residences into a single ecosystem. “Estates 360 is not just a luxury development but a community where different generations can thrive together,” he said.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates, highlighted the company’s strong financial foundation. “Our partnership with New York Life Insurance and our robust balance sheet allow us to undertake ambitious projects like Estates 360 with confidence,” Vachani added.
Estates 360 is poised to become a prominent feature of Gurugram’s luxury real estate market. With its strategic location, comprehensive design, and focus on multi-generational living, the project promises to offer an exceptional residential experience and further establish Max Estates as a leading developer in the region.