NewsVoir Noida (Uttar Pradesh) [India], September 30: Max Estates Limited (Max Estates), a leading real estate developer in Delhi NCR, launched its first Residential development in Gurugram - Estate 360 on 27th August 2024 after receiving its RERA registration (RC/REP/HARERA/GGM/860/592/2024/87) on 16th August 2024. Also Read | Hyderabad Shocker: Woman Jumps to Death With Daughter From 18th Floor of Building in Cyberabad's Narsingi, Investigations Underway. Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of ~INR 4,100 Crore surpassing the guidance of ~INR 4,000 Crore provided by the company for FY 25.
It has already received a collection of ~INR 400 Crore. With this successful launch, Max Estates revises the guidance for the total Gross Development Value potential of Estate 360 from INR 4,000 Crore to ~INR 4,800 Crore in FY 25. Commenting on this development, Sahil Vachani, MD & Vice Chairman of Max Estates said, "We are overwhelmed by the response to our first inter generational offering in Gurugram.
The two successful launches - Estate 128 (Noida) in FY 24 and Estate 360 (Gurugram) in FY 25 at market leading price points and velocity, clearly establishes Max Estates' ability to seamlessly curate Location, Product Quality and End User experience to enable holistic well-being through the LiveWell philosophy." Also Read | Tamil Nadu Cabinet Reshuffle: CM MK Stalin Chooses His Team, Elevates Son Udhayanidhi Stalin to Deputy CM Ahead of Assembly E.