Max Estates, the real estate subsidiary of the Max Group of companies, is now looking forward to launching a new luxury residential project proposed to be developed on the Dwarka Expressway in Gurugram. This innovative concept, Max Estate 360, will be the first ‘Integrated Multigenerational Residence’ in the Delhi-NCR that would comprise senior living homes and regular luxurious houses for other generations.
Max Estate 360 Dwarka Expressway Gurgaon will be measured at approximately to be around 2.4 million square feet; young people and senior citizens are accorded a one-of-a-kind lifestyle with its separate amenities. It will be implemented on an 11-acre piece of land as the project progresses; as such, there is much to consider when it comes to the plan. An 8-acre strategically located on Dwarka Expressway, CRH, Central Peripheral Road, and NH-8.
Rishi Raj, the COO of Max Estates, explained that this is a JV development project in the offing as of now and hopefully to be launched in the next few weeks subject to RERA approval. It will include a separate senior living section for which they are planning to tie up with their sister concern, Antara; Antara will be providing specialized infrastructure such as hospitals along with it. It is also worth mentioning that this senior living component will comprise at least one-third of the total units.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates highlighted that the company has a strong balance sheet with the NYT benchmark funding partner, New York Life Insurance, which owns a big stake in the company’s undertaking. Max Estate 360 is an impending iconic development in Gurugram with a preliminary gross development value of Rs 4,000 crore.
Max Estates currently has a total portfolio of about 12 million square feet of built-up area, which comprises commercial as well as residential properties. Collectively, their Home Projects portfolio alone boasts of a gross development value of Rs 15,000 crore, further establishing their dominance of the Delhi-NCR market.
