Max Estates Shares Surge By 2.14% On Gurugram Land Acquisition Deal

New Delhi, September 8, 2025: Max Estates Limited (NSE: MAXESTATES, BSE: 544008) shares surged 3.16% in Monday morning trade, climbing to ₹445.50 after announcing a major land acquisition in Gurugram. As of 1:15 PM IST the stock is up by 2.14% and is trading at ₹440.90. The stock opened at ₹448.00, touched an intraday high of ₹456.80, and held firm above the previous close of ₹431.85. The company’s market capitalisation stands at ₹7,181.87 crore, with trading volume has crossed 1.06 lakh shares.

Established in 2016, Max Estates Limited deals with high-end residential and commercial development. The company is listed on NSE with ticker symbol MAXESTATES and on BSE with code 543227. The company operates through partners such as New York Life Insurance Company and also through its asset management arm, Max Asset Services.

Key Trigger: Gurugram Expansion Deal

Investor sentiment got better after Max Estates announced a 7.25-acre land purchase on Golf Course Extension Road, Gurugram. The deal worth ₹534 crore has a development potential of 1.3 million sq. ft. and a Gross Development Value (GDV) of more than ₹3,000 crore. The overall GDV pipeline of the company stands at more than ₹17,000 crore with this project.

A Major Milestone Which Will Boost Max’s Portfolio

Vice Chairman & Managing Director Sahil Vachani described the acquisition as a “major milestone” that will boost Max Estates’ portfolio of luxury residential offerings. He praised the company’s strategy of streamlining its presence along Dwarka Expressway, Noida, and Golf Course Extension Road — three of NCR’s fastest developing real estate segments.

The Gurugram deal further reinforces the quality project pipeline of Max Estates, supported by robust pre-sales of ₹4,800 crore from its Dwarka Expressway project Estate 360. Expansion also aligns with its vision of creating a premium residential brand in Delhi-NCR.

REF: https://nsearchives.nseindia.com/corporate/MEL_06092025015046_20250906PressRelease.pdf

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