Realty Stock in Focus After Launching ₹1,200 Cr Residential Project in Gurugram

Synopsis: Not just another luxury launch – this Gurugram project spans 18.23 acres, carries a ₹9,000 crore development value, and is designed to house young buyers, families, and senior residents all under one roof.

When a real estate developer launches a new project, the headline is usually about the project itself – the unit count, the price point, the amenities. But sometimes, the project is only the entry point. What lies underneath tells a bigger story – about ambition, conviction, and what it means when a company bets its future on one address.

With a market cap of Rs. 6,648 Crore, the shares of Max Estates Ltd. are trading at a price of Rs. 406.15 per share i.e. 3.3% up from its previous closing price of Rs. 393. It currently trades at P/E of 191. The stock made a high Rs. 418, that is 6.65 percent up. 

The ₹9,000 Crore Question

The Terraces is the newest launch within Estate 361 – a 120-unit Phase 1 priced from ₹2.4 crore, with a gross development value of ₹1,200 crore. It sits in Sector 36A, Dwarka Expressway, Gurugram, and offers 1.5 and 2-bedroom smart homes alongside duplex loft residences.

But The Terraces is not the real story. Estate 361 is.

The full project spans 18.23 acres with a total GDV of ₹9,000 crore – making it one of the largest single residential developments announced in Gurugram in recent years. Max Estates is building it as a community for all age groups: The Terraces for young buyers, larger family homes for growing households, and Antara Senior Living for older residents – all on one campus. No other listed developer in NCR has put together this exact mix under one roof.

What makes the project stand out is not just the amenities but the idea behind them. Most luxury launches offer a clubhouse and a pool. Estate 361 offers something closer to a self-contained neighbourhood – with a co-working space, a wellness centre that includes diagnostics and medical services, 80,000 sq ft of recreational amenities spread across a 2-acre urban forest, and eight shared community terraces built into The Terraces tower itself. The project also carries IGBC Platinum Pre-certification, the highest green building rating available.

The numbers from the recently concluded financial year add more context. Max Estates recorded pre-sales of ₹5,305 crore in FY2026, a strong base from which Estate 361 is now expected to contribute meaningfully in the years ahead. With The Terraces marking only Phase 1 of an 18.23-acre development, the project has several more phases to unlock. How well each phase sells will be a key number for investors to track going forward. 

About the Company

Established in 2016, Max Estates Limited develops premium commercial and residential properties across Delhi NCR. The company has partnered with New York Life Insurance Company for its real estate portfolio and also runs Max Asset Services, a property services and management arm. It is listed on both NSE and BSE.

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