Shares of Max Estates Limited surged over 3 percent to Rs 627 in early trade on September 30 after the company reported strong pre-sales of Rs 4,100 crore for its Gurugram-based Estate 360 project, exceeding its FY25 target of Rs 4,000 crore.
Max Estates also collected Rs 400 crore from the project and raised its Gross Development Value (GDV) target for Estate 360 to Rs 4,800 crore for FY25, as disclosed in a regulatory filing.
Estate 360 was launched in August 2024 and marks the company’s first residential project at Gurugram, thereby building a bigger foothold in the NCR market. It is conceptualized by Gensler and features Delhi NCR’s first intergenerational residential community. It has over 60 amenities designed to suit various age groups.
This has encouraged Max Estates to buy 18.23 acres of land adjacent to the development site and declare plans for launching more phases in the next financial year. At 09:25 am, Max Estates shares traded at Rs 617, up by 2 percent on the NSE. The stock has jumped 98 percent since the onset of this calendar year.
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Source: Moneycontrol
News Desk
