Shares of Max Estates Ltd rallied 5% on 8 September after the company authorised the acquisition of Base Buildwell for development rights to a 7.25-acre land piece in Gurugram.

According to an exchange filing, the company has acquired development rights for a 7.25-acre plot of land on Golf Course Extension Road in Sector 59, Gurugram. The project, with group housing potential of roughly 1.3 million square feet, is expected to create a gross development value (GDV) of more than Rs 3,000 crore. The transaction cost is estimated to be Rs 534 crore.

The transaction entails acquiring a 100% stake in Base Buildwell Pvt. Ltd., the project special purpose vehicle that holds the license and development rights to the land, subject to regulatory clearances and closing conditions.

According to the announcement, this acquisition boosts Max Estates’ position in Gurugram and adds to its existing 9 million square foot portfolio in Noida. The corporation presently occupies over 10 million square feet across two growth corridors: Dwarka Expressway and Golf Course Extension Road. The company’s GDV pipeline now exceeds Rs 17,000 crore, up from Rs 14,000 crore in FY26. Multiple releases are planned beginning in the third quarter.

“This marquee deal is a significant milestone in Max Estates’ journey of building NCR’s most trusted luxury real estate brand,” Sahil Vachani, vice chairman and managing director, Max Estates, said. “It furthers our unwavering commitment to curate LiveWell and WorkWell experiences across key development vectors in Delhi NCR, including Noida Expressway, Dwarka Expressway and Golf Course Extension Road (GCER).”

At 3:30 pm, the shares of Max Estates closed 3.27% higher at Rs 445.95 on NSE.

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