Real Estate Expansion / Project Addition
Max Estates Launches “The Terraces” at Estate 361, Gurugram
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Max Estates Limited has launched “The Terraces,” a premium residential offering within Estate 361 at Sector 36A, Dwarka Expressway, Gurugram. The project focuses on wellness-oriented living with shared community terraces, smart residences, and integrated lifestyle amenities.
PRICE-SENSITIVE TRIGGER
Event: Residential Project Launch
Type: Real Estate Expansion / Project Addition
Impact: Positive
Immediate Effect: The launch strengthens Max Estates’ residential portfolio in NCR and enhances visibility in the premium housing segment along the Dwarka Expressway corridor
Key Metrics:
- Project Gross Development Value (GDV): ₹1,200 Crore
- Overall Estate 361 GDV: ₹9,000 Crore
- Project Land Area: 18.23 Acres
- Phase 1 Inventory: 120 Residences
- Starting Price: ₹2.4 Crore
- Amenity Space: Over 80,000 sq. ft.
- Urban Forest Area: Approximately 2 Acres
- Residential Configuration: 1.5 BHK, 2 BHK Smart Homes & Duplex Loft Residences
Highlight:
- Label: Premium Residential Launch
- Value: ₹1,200 Crore GDV project launched at Dwarka Expressway, Gurugram
What Happened ?
Max Estates Limited announced the launch of “The Terraces” at Estate 361 in Sector 36A, Dwarka Expressway, Gurugram. The residential development is designed around wellness, community living, and shared social experiences.
The project introduces eight distinct shared community terraces integrated vertically across the tower, offering lifestyle-focused amenities such as yoga zones, fitness spaces, social interaction areas, rock climbing, and farm-to-table engagement concepts.
The launch is part of Max Estates’ broader integrated township strategy under Estate 361.
key highlights
Project Features & Development Highlights:
- The project is located at Sector 36A, Dwarka Expressway, Gurugram.
- “The Terraces” is part of Estate 361, a larger integrated development with an overall GDV of ₹9,000 crore.
- The project offers 1.5 and 2-bedroom smart homes along with duplex loft residences.
- Phase 1 comprises 120 residences with pricing starting from ₹2.4 crore.
- The project includes eight community terraces designed for wellness and social interaction.
- Amenities include pickleball courts, paddle courts, cricket pitch, clubhouse, co-working space, wellness centre, and urban forest zones.
- More than 80,000 sq. ft. of well-being amenities are planned across the project.
- The development has IGBC Platinum pre-certification with sustainability initiatives such as solar energy usage, rainwater harvesting, VRF air-conditioning, and onsite composting.
- Estate 361 includes residential offerings for young couples, families, and senior living segments.
- The project benefits from connectivity to Dwarka Expressway, IGI Airport, Cyber City, Golf Course Road, and future metro infrastructure.
Note:
- Management highlighted that the project is aligned with Max Estates’ “LiveWell” philosophy focused on wellness-driven urban living and integrated community experiences.
Risk Analysis
Key Risks
- Residential demand slowdown could affect sales velocity.
- Execution timelines and construction costs may impact project profitability.
- Premium housing demand is sensitive to interest rates and economic conditions.
- Regulatory approvals and infrastructure development around Dwarka Expressway remain important for long-term value realization.
- Real estate projects involve significant capital deployment and cash flow management.
Worst Case Scenario
- A slowdown in luxury residential demand or delays in execution could affect inventory absorption and cash flow generation from the project.
Risk Level: Medium
Company Commentary
- Management stated that Estate 361 represents Max Estates’ vision of an intergenerational wellness-focused community.
- The company emphasized that “The Terraces” integrates leisure, wellness, and community directly into residential living.
- Max Estates highlighted that the development is designed to improve quality of life through managed living and integrated wellness infrastructure.
- The company stated that the project combines sustainability, shared experiences, and smart urban living.
- Management reiterated focus on creating differentiated premium residential spaces in Delhi NCR.
Official Exchange Filing: Max Estates Limited