Max Estates Limited has informed the Exchange regarding a press release dated May 13, 2026, titled "Max Estates Launches The Terraces at Estate 361, Gurugram".
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Max Estates has launched 'The Terraces', a new residential project within the larger Estate 361 development in Sector 36A, Dwarka Expressway, Gurugram. The project features 1.5 and 2-bedroom smart homes and duplex loft residences, with Phase 1 comprising 120 units starting at ₹2.4 crore. The project's gross development value (GDV) is ₹1,200 crore, and it is part of Estate 361 which has an overall GDV of ₹9,000 crore across 18.23 acres. The key differentiator is 8 shared community terraces offering leisure experiences like yoga, rock climbing, and social spaces, aligned with the company's 'LiveWell' philosophy. The project is IGBC Platinum Pre-certified and includes 80,000 sq ft of amenities amidst a 2-acre urban forest.
The launch adds a new revenue-generating residential project to Max Estates' pipeline with a ₹1,200 crore GDV, providing near-term sales visibility. The premium pricing (starting ₹2.4 crore) and IGBC Platinum certification target the high-income buyer segment, which could support margins. However, this is a standard product launch filing and does not contain material financial guidance or order-book data that would immediately move the stock.