Max Estates has announced a 7.25-acre luxury housing project in Gurugram that will comprise 243 residences and carry an estimated overall revenue potential of around Rs 4,000 crore, according to a regulatory filing issued by the company on Sunday.
The project, named The Bungalows, is planned near Golf Course Extension Road in Gurugram. Max Estates said the development forms part of its focus on the Delhi-NCR property market, one of the company’s stated areas of business attention.
The announcement places a high-value residential project alongside one of Gurugram’s established growth corridors. The company has disclosed the land area, proposed number of residences and estimated revenue potential, but the material supplied does not specify the project’s construction schedule, launch date, unit configurations, pricing or completion timeline.
The stated revenue potential works out to an average of roughly Rs 16.5 crore per residence if divided evenly across the 243 homes. This is an indicative project-level calculation rather than a disclosed selling price, and the company has not provided a unit-wise price range in the filing details available.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates, said the company was focusing on the Delhi-NCR property market. “Max Estates has always aspired to innovate, and with The Bungalows we are redefining what luxury means,” he said.
The project’s scale is significant in land terms but limited in unit count, reflecting its positioning as a luxury housing development rather than a mass-market residential scheme. Its location near Golf Course Extension Road also places it within a part of Gurugram where premium residential projects are being developed alongside expanding roads, commercial activity and other urban infrastructure. The supplied filing, however, does not provide details on the project’s approvals, infrastructure commitments or expected effect on surrounding services.
For Max Estates, the announcement adds a new residential development to its Delhi-NCR strategy and gives investors an estimate of the project’s potential revenue contribution. The figure is a revenue projection and should not be read as realised sales or booked income. The company has not disclosed the expected period over which the revenue would be generated.
The announcement also illustrates how individual large-ticket housing projects can represent substantial projected value while containing relatively few homes. In this case, 243 residences on 7.25 acres translate to an announced average density of about 33.5 residences per acre, though the filing does not provide the project’s built-up area, open-space allocation or supporting amenities.
Further details on approvals, construction milestones, sales launch and delivery will be required to assess how The Bungalows will progress from a regulatory filing and revenue estimate to an operating residential project. Max Estates has so far identified the location, project name, land area, residence count and estimated revenue potential as the key details of the development.
