Overview

• Max Estates’ board approved buying 100% of Base Buildwell Private Limited, which holds licence and development rights for a 7.25-acre parcel in Sector 59 on Golf Course Extension Road, Gurugram.
• The transaction outlay is expected to be about ₹534 crore, covering equity, compulsorily convertible debentures, security deposit, Transferable Development Rights, and related approvals.
• The site has an estimated development potential of roughly 1.3 million square feet for a premium residential project with expected bookings exceeding ₹3,000 crore.
• The acquisition is subject to regulatory approvals and customary closing conditions, after which BBPL will become a wholly owned subsidiary of Max Estates.
• Max Estates says the deal expands its development pipeline from around ₹14,000 crore to over ₹17,000 crore as it prepares multiple projects in Gurugram and Noida from Q3 FY26.