Max Estates to acquire Base Buildwell, expands Gurugram presence

Max Estates Limited announced on September 6, 2025, the approval for the acquisition of Base Buildwell Private Limited (BBPL). BBPL is a project SPV holding license and development rights for a 7.25-acre land parcel in Sector 59, Golf Course Extension Road, Gurugram. The acquisition was approved by the Board of Directors on September 5, 2025. BBPL will become a wholly-owned subsidiary of Max Estates upon completion, subject to regulatory approvals.

The acquisition, expected to be completed in two months, involves a cash consideration with an estimated outlay of approximately INR 534 Crore. This includes the acquisition of 100% of BBPL's share capital, comprising 10,000 equity shares of ₹10 each, and 2,417,256 compulsorily convertible debentures of ₹100 each, alongside project-level payments.

This strategic move aligns with Max Estates’ premium residential strategy in Delhi NCR. The acquired land parcel has an estimated development potential of approximately 1.3 million sq. ft., with a projected booking value exceeding INR 3,000 crore.