{"id":10691,"date":"2025-09-06T11:16:00","date_gmt":"2025-09-06T11:16:00","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/06\/gurugram-real-estate-max-estates-buys-7-5-acre-land-in-sector-59-to-build-rs-3000-crore-housing-project-real-estate-news\/"},"modified":"2025-09-06T11:16:00","modified_gmt":"2025-09-06T11:16:00","slug":"gurugram-real-estate-max-estates-buys-7-5-acre-land-in-sector-59-to-build-rs-3000-crore-housing-project-real-estate-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/06\/gurugram-real-estate-max-estates-buys-7-5-acre-land-in-sector-59-to-build-rs-3000-crore-housing-project-real-estate-news\/","title":{"rendered":"Gurugram Real Estate: Max Estates Buys 7.5-Acre Land In Sector 59 To Build Rs 3,000-Crore Housing Project | Real Estate News"},"content":{"rendered":"


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Max Estates says its board has approved acquisition of Base Buildwell Private Limited (BBPL), a project SPV holding license, and development rights over 7.25 acre of land.<\/h2>\n
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The acquisition aligns with the company’s premium residential strategy in Delhi-NCR, says Max Estates.<\/p>\n<\/figure>\n

Max Estates on Saturday said it has acquired a 7.25-acre land in Sector 59, Gurugram, to develop a housing project with an estimated revenue of Rs 3,000 crore, as the company intends to expand business amid strong demand.<\/p>\n

The company said its board has approved acquisition of Base Buildwell Private Limited (BBPL).<\/p>\n

\u201cThis deal entails the purchase of 100% shareholding in Base Buildwell Private Limited (BBPL), a project SPV holding license, and development rights over 7.25 acre of land, subject to regulatory approvals and closing conditions,” Max Estate said in a regulatory filing on Saturday.<\/p>\n

Base Buildwell is a special purpose vehicle holding licence and development rights over the 7.25-acre land parcel located at Sector 59, Golf Course Extension Road in Gurugram.<\/p>\n

\u201cThe outlay associated towards the transaction is expected to be around Rs 534 crore, comprising the acquisition of 100 per cent of the share capital of BBPL on a fully diluted basis comprising 10,000 equity shares of Rs 10 each and 24,17,256 compulsorily convertible debentures of Rs 100 each, and project-level payments toward security deposit, purchase of Transferable Development Rights, and related approvals,” the company said.<\/p>\n

The estimated development potential on this land is 1.3 million square feet, while sales booking value would be more than Rs 3,000 crore.<\/p>\n

\u201cThe acquisition aligns with the company\u2019s premium residential strategy in Delhi-NCR,” Max Estates said.<\/p>\n

Upon completion of this transaction, BBPL will become a wholly-owned subsidiary of the company. Max Estates is one of the leading real estate companies in the country. It has a presence in Delhi-NCR. The company is developing housing and office complexes.<\/p>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

First Published:<\/span><\/p>\n
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September 06, 2025, 16:14 IST<\/p>\n<\/div>\n<\/div>\n

News<\/a> business<\/a> real-estate<\/a> Gurugram Real Estate: Max Estates Buys 7.5-Acre Land In Sector 59 To Build Rs 3,000-Crore Housing Project<\/span><\/div>\n
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Last Updated:September 06, 2025, 16:14 IST Max Estates says its board has approved acquisition of Base Buildwell Private Limited (BBPL), a project SPV holding license, and development rights over 7.25 acre of land. The acquisition aligns with the company’s premium residential strategy in Delhi-NCR, says Max Estates. Max Estates on Saturday said it has acquired…<\/p>\n","protected":false},"author":1,"featured_media":10692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-10691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/10691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=10691"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/10691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/10692"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=10691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=10691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=10691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}