Curation Team
NEW DELHI: Max Estates has secured the development rights to 7.25 acre land parcel situated in Sector 59, Gurugram.
This deal entails the purchase of 100% shareholding in Base Buildwell (BBPL), a project SPV holding license, and development rights over 7.25 acre of land.
The project has a development potential of 1.3 million sq ft with an expected outlay of ₹534 crore and is expected to generate a booking value of more than ₹3,000 crore.
The outlay comprises the acquisition of 100% of the share capital of BBPL on a fully diluted basis comprising 10,000 equity shares of ₹10 each and 24,17,256 compulsorily convertible debentures of ₹100 each, and project-level payments
toward security deposit, purchase of transferable development rights, and related approvals.
With this deal, the company’s gross development value (GDV) pipeline expands from ₹14,000 crore to over ₹17,000 crore, comprising multiple projects across Gurugram and Noida scheduled for launch from Q3 FY26 onwards.
The company is also working on 18.23 acre development on Dwarka Expressway which has a potential of 4 million sq ft of saleable area and GDV of ₹9,000 crore.
