Max Estates Launches 'The Terraces' in Gurugram with ₹1,200 Cr GDV
Max Estates launched 'The Terraces' in Gurugram, a residential project within Estate 361. It has a gross development value (GDV) of ₹1,200 crore, with Phase 1 offering 120 residences starting at ₹2.4 crore. The project focuses on community living with 8 shared terraces and extensive amenities.
The launch of a new project with a GDV of ₹1,200 crore is a material event that can impact the company's revenue and market presence.
The launch of a new residential project with a significant GDV and unique features is a positive development for the company.
Max Estates Limited has announced the launch of 'The Terraces', its new residential offering within Estate 361, located in Sector 36A, Dwarka Expressway, Gurugram. This project is designed to offer a community living experience with smart residences, shared terraces, wellness, and managed living.
The Terraces features 1.5 and 2-bedroom smart homes and duplex loft residences. The project has a gross development value (GDV) of ₹1,200 crore and is part of the larger Estate 361, which has an overall GDV of ₹9,000 crore spread across 18.23 acres. Phase 1 of The Terraces includes 120 residences, with prices starting at ₹2.4 crore.
The development emphasizes its unique architectural feature: 8 shared community terraces designed for leisure and community interaction. Additionally, it includes a 80,000 sq ft amenity hub with sports facilities like pickleball and paddle courts, a cricket pitch, and a clubhouse, surrounded by a 2-acre urban forest. The project is anchored in Max Estates’ LiveWell philosophy, offering concierge services, maintenance support, and managed services. A co-working space is also included for hybrid workers.
Sahil Vachani, Vice Chairman & Managing Director, Max Estates, stated, "Estate 361 is that vision - a fully intergenerational community, built on four decades of the Max Group's ecosystem of care, designed for every stage of life. The Terraces is its most vibrant expression. Its eight shared terraces bring leisure, wellness and community directly into the building - because for us, it is not just about helping people live well but helping them live longer."
The project boasts strong connectivity to major roads and is planned to be near a proposed Metro corridor, offering easy access to IGI Airport and Cyber City. The Terraces has received IGBC Platinum Pre-certification and incorporates sustainability features such as rainwater harvesting and solar energy for common areas.
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