India, Sept. 6 -- Max Estates Limited has secured development rights for a prime 7.25-acre land parcel in Sector 59, Gurugram, along the sought-after Golf Course Extension Road. The company plans to develop a premium residential project on the site, with an estimated booking value of over Rs.3,000 crore, it announced in a regulatory filing on September 6.As part of the deal, Max Estates' board has approved the acquisition of 100% shareholding in Base Buildwell Private Limited (BBPL), a special purpose vehicle (SPV) that holds the licence and development rights for the land. The acquisition is subject to regulatory approvals and closing conditions. The project has a development potential of ~1.3 mn sq. ft. with an expected outlay of Rs.534...
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