Max Estates Limited has launched The Terraces, its newest residential offering within Estate 361 in Sector 36A, Dwarka Expressway, Gurugram. The launch was announced on May 13, 2026, under Regulation 30. The project is designed to integrate smart residences, shared terraces, wellness, nature, and managed living within one integrated community, targeting young couples, first-time homeowners, and residents seeking a lifestyle-oriented urban living experience.

Project Overview and Key Financial Details

The Terraces carries a gross development value of ₹1,200 crore and forms part of the broader Estate 361 development. The following table summarises the key project parameters:

Phase 1 of The Terraces comprises 120 residences starting at ₹2.4 crore, offering 1.5 & 2-bedroom smart homes and duplex loft residences. Estate 361 is conceived as a fully intergenerational community encompassing The Terraces for young couples and first-time homeowners, full-scale family residences for growing families, and Antara Senior Living for seniors—each distinct in design and purpose, all connected within one curated ecosystem.

Distinctive Architectural and Amenity Features

At the heart of The Terraces is its most distinctive architectural feature—8 shared community terraces within the tower. These terraces are designed as everyday leisure and community spaces, incorporating experiences such as yoga, rock climbing, farm-to-table engagement, and social interaction. The development distributes leisure vertically across the building, creating multiple points of pause, movement, and connection throughout the tower.

Active living is further supported through a rooftop amenity hub and a dedicated clubhouse. Key amenity highlights include:

• Rooftop amenity hub featuring pickleball and paddle courts and a cricket pitch
• Dedicated clubhouse with multiple spaces for recreation, fitness, and social interaction
• 80,000 sq ft of well-being amenities
• 2-acre urban forest with 1,000+ native trees
• Co-working space within the clubhouse for hybrid-working residents
• State-of-the-art integrated wellness centre offering diagnostics, medical-grade offerings, wellness technology, and strategic partnerships

LiveWell Philosophy and Managed Services

The Terraces is anchored in Max Estates' LiveWell philosophy, which integrates wellness, nature, and community into everyday life. Residents will have access to a dedicated concierge and front-of-house team, end-to-end maintenance support, structured lease assistance, and managed services designed to address day-to-day operational needs. The project's proximity to Global City and Vision City, two upcoming mega commercial districts, further positions it as a future-ready residential destination.

Sustainability and Green Credentials

The Terraces is IGBC Platinum Pre-certified, the highest achievable rating under the Indian Green Building Council framework. The project incorporates a range of sustainability features:

• Rainwater harvesting
• Solar energy for common areas
• VRF air-conditioning
• Energy-efficient water heating
• Onsite composting

Management Commentary

Commenting on the launch, Sahil Vachani, Vice Chairman & Managing Director, Max Estates, said: "At Max Estates, we believe homes should evolve with the way people live. Estate 361 is that vision - a fully intergenerational community, built on four decades of the Max Group's ecosystem of care, designed for every stage of life. The Terraces is its most vibrant expression. Its eight shared terraces bring leisure, wellness and community directly into the building - because for us, it is not just about helping people live well but helping them live longer."

Connectivity and Location Advantages

Located in Sector 36A, The Terraces benefits from strong connectivity to Dwarka Expressway, the Central Peripheral Road, and a proposed Metro corridor, with access to IGI Airport, Cyber City, Golf Course Road, and Global City. Max Estates Limited, established in 2016, is a real estate developer in the NCR region focused on premium commercial and residential spaces in Delhi NCR, and is listed on NSE and BSE.

Max Estates Limited has allotted 37,274 equity shares under its Employee Stock Option Plan 2023 (ESOP Plan), pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment was approved by the Nomination and Remuneration Committee on May 12, 2026, at 1559 hrs. (IST), and the shares were issued to eligible option holders who exercised their stock options under the plan. Each equity share carries a face value of INR 10/-.

Impact on Paid-Up Share Capital

The allotment has resulted in an increase in the company's paid-up equity share capital. The following table summarises the change in capital structure consequent to this allotment:

Regulatory Disclosure

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to both BSE Limited and the National Stock Exchange of India Limited. The intimation was signed by Abhishek Mishra, Company Secretary & Compliance Officer of Max Estates Limited. The company's registered office is located at Max House 1, Dr. Jha Marg, Okhla Phase 3, New Delhi – 110020, and its corporate office is situated at Max Towers, Sector-16B, Noida – 201301, Uttar Pradesh.