Max Estates launches ₹1,200 crore Gurugram housing project under Estate 361 development

Max Estates Ltd. announced the launch of ‘The Terraces’ at Estate 361 in Gurugram, with a gross development value (GDV) of ₹1,200 crore.

In an exchange filing on Wednesday, May 13, the company said that the project is part of Estate 361, its integrated residential development in Sector 36A, Dwarka Expressway, Gurugram, which has an overall GDV of ₹9,000 crore spread across 18.23 acres.

Phase 1 of The Terraces comprises 120 residences, including 1.5-bedroom, 2-bedroom smart homes and duplex loft residences, with prices starting at ₹2.4 crore.

Located in Sector 36A, the project has connectivity to Dwarka Expressway, Central Peripheral Road and the proposed metro corridor, with access to IGI Airport, Cyber City and Golf Course Road, the company said.

The company said the project is designed as part of an intergenerational community that includes residences for young couples, family homes and senior living spaces under Antara Senior Living.

According to the press release filed with the exchanges, the development has eight shared community terraces integrated within the tower, aimed at creating spaces for leisure, wellness and social interaction.

The project also includes over 80,000 square feet of amenities, including pickleball and paddle courts, a cricket pitch, co-working spaces and a two-acre urban forest with more than 1,000 native trees.

Commenting on the launch, Sahil Vachani, Vice Chairman and Managing Director of Max Estates, said Estate 361 is designed as a “fully intergenerational community” built around the group’s ecosystem of care.

The Terraces is IGBC Platinum pre-certified and includes sustainability features such as rainwater harvesting, solar energy for common areas, VRF air-conditioning and onsite composting.

Shares of Max Estates ended nearly flat at ₹393.25 ahead of the announcement on Wednesday. The stock has fallen nearly 14% year-to-date.