Max Estates Ltd. announced the launch of 'The Terraces' at Estate 361 in Gurugram, with a gross development value (GDV) of ₹1,200 crore. According to reports from CNBC TV18, the project is part of Estate 361, an integrated residential development in Sector 36A, Dwarka Expressway, Gurugram, which has an overall GDV of ₹9,000 crore spread across 18.23 acres. The company filed the announcement in an exchange filing on Wednesday, May 13, 2026, marking a significant expansion of the company's premium portfolio in the Delhi NCR region.
The Terraces is strategically located in Sector 36A with connectivity to Dwarka Expressway, Central Peripheral Road and the proposed metro corridor. As reported by CNBC TV18, the project offers access to IGI Airport, Cyber City and Golf Course Road. Phase 1 comprises 120 residences, including 1.5-bedroom, 2-bedroom smart homes and duplex loft residences, with prices starting at ₹2.4 crore. The development is designed as part of an intergenerational community including residences for young couples, family homes and senior living spaces under Antara Senior Living. The tower features 8 shared community terraces that serve as hubs for social interaction, yoga, and farm-to-table activities, effectively integrating leisure spaces directly into the living environment.
According to the press release filed with the exchanges, the development features over 80,000 square feet of amenities, including pickleball and paddle courts, a cricket pitch, co-working spaces and a two-acre urban forest with more than 1,000 native trees. The Terraces is IGBC Platinum pre-certified and includes sustainability features such as rainwater harvesting, solar energy for common areas, VRF air-conditioning and onsite composting. The development is anchored in the 'LiveWell' philosophy, providing residents with an integrated wellness centre and comprehensive well-being amenities.
Commenting on the launch, Sahil Vachani, Vice Chairman and Managing Director of Max Estates, said Estate 361 is designed as a 'fully intergenerational community' built around the group's ecosystem of care. As reported by CNBC TV18, Vachani emphasized the project's comprehensive approach to community living across different age groups, with Phase 1 introducing 120 premium residences catering to a diverse demographic ranging from first-time homebuyers to growing families.
Shares of Max Estates ended nearly flat at ₹393.25 ahead of the announcement on Wednesday. According to CNBC TV18, the stock has fallen nearly 14% year-to-date, reflecting broader market conditions affecting the real estate sector. The project's strategic location near the Dwarka Expressway positions it as a future-ready residence for hybrid-working professionals and families, with connectivity to major commercial hubs like Cyber City and the upcoming Global City.
