diff --git a/apiserver/plane/api/serializers/__init__.py b/apiserver/plane/api/serializers/__init__.py
index 633ca6961..776864ee0 100644
--- a/apiserver/plane/api/serializers/__init__.py
+++ b/apiserver/plane/api/serializers/__init__.py
@@ -66,3 +66,5 @@ from .integration import (
 from .importer import ImporterSerializer
 
 from .page import PageSerializer, PageBlockSerializer, PageFavoriteSerializer
+
+from .estimate import EstimateSerializer, EstimatePointSerializer
diff --git a/apiserver/plane/api/serializers/estimate.py b/apiserver/plane/api/serializers/estimate.py
new file mode 100644
index 000000000..0aa4d331e
--- /dev/null
+++ b/apiserver/plane/api/serializers/estimate.py
@@ -0,0 +1,25 @@
+# Module imports
+from .base import BaseSerializer
+
+from plane.db.models import Estimate, EstimatePoint
+
+
+class EstimateSerializer(BaseSerializer):
+    class Meta:
+        model = Estimate
+        fields = "__all__"
+        read_only_fields = [
+            "workspace",
+            "project",
+        ]
+
+
+class EstimatePointSerializer(BaseSerializer):
+    class Meta:
+        model = EstimatePoint
+        fields = "__all__"
+        read_only_fields = [
+            "estimate",
+            "workspace",
+            "project",
+        ]
diff --git a/apiserver/plane/api/urls.py b/apiserver/plane/api/urls.py
index 44559ee0c..6a6fcf1ae 100644
--- a/apiserver/plane/api/urls.py
+++ b/apiserver/plane/api/urls.py
@@ -79,6 +79,11 @@ from plane.api.views import (
     # States
     StateViewSet,
     ## End States
+    # Estimates
+    EstimateViewSet,
+    EstimatePointViewSet,
+    ProjectEstimatePointEndpoint,
+    ## End Estimates
     # Shortcuts
     ShortCutViewSet,
     ## End Shortcuts
@@ -479,6 +484,57 @@ urlpatterns = [
         name="project-state",
     ),
     # End States ##
+    #  States
+    path(
+        "workspaces/<str:slug>/projects/<uuid:project_id>/estimates/",
+        EstimateViewSet.as_view(
+            {
+                "get": "list",
+                "post": "create",
+            }
+        ),
+        name="project-estimates",
+    ),
+    path(
+        "workspaces/<str:slug>/projects/<uuid:project_id>/estimates/<uuid:pk>/",
+        EstimateViewSet.as_view(
+            {
+                "get": "retrieve",
+                "put": "update",
+                "patch": "partial_update",
+                "delete": "destroy",
+            }
+        ),
+        name="project-estimates",
+    ),
+    path(
+        "workspaces/<str:slug>/projects/<uuid:project_id>/estimates/<uuid:estimate_id>/estimate-points/",
+        EstimatePointViewSet.as_view(
+            {
+                "get": "list",
+                "post": "create",
+            }
+        ),
+        name="project-estimate-points",
+    ),
+    path(
+        "workspaces/<str:slug>/projects/<uuid:project_id>/estimates/<uuid:estimate_id>/estimate-points/<uuid:pk>/",
+        EstimatePointViewSet.as_view(
+            {
+                "get": "retrieve",
+                "put": "update",
+                "patch": "partial_update",
+                "delete": "destroy",
+            }
+        ),
+        name="project-estimates",
+    ),
+    path(
+        "workspaces/<str:slug>/projects/<uuid:project_id>/project-estimates/",
+        ProjectEstimatePointEndpoint.as_view(),
+        name="project-estimate-points",
+    ),
+    # End States ##
     # Shortcuts
     path(
         "workspaces/<str:slug>/projects/<uuid:project_id>/shortcuts/",
diff --git a/apiserver/plane/api/views/__init__.py b/apiserver/plane/api/views/__init__.py
index b945fecf7..be1cfb4cd 100644
--- a/apiserver/plane/api/views/__init__.py
+++ b/apiserver/plane/api/views/__init__.py
@@ -130,3 +130,9 @@ from .search import GlobalSearchEndpoint, IssueSearchEndpoint
 
 
 from .gpt import GPTIntegrationEndpoint
+
+from .estimate import (
+    EstimateViewSet,
+    EstimatePointViewSet,
+    ProjectEstimatePointEndpoint,
+)
diff --git a/apiserver/plane/api/views/estimate.py b/apiserver/plane/api/views/estimate.py
new file mode 100644
index 000000000..fcc2ddfb0
--- /dev/null
+++ b/apiserver/plane/api/views/estimate.py
@@ -0,0 +1,137 @@
+# Django imports
+from django.db import IntegrityError
+
+# Third party imports
+from rest_framework.response import Response
+from rest_framework import status
+from sentry_sdk import capture_exception
+
+# Module imports
+from .base import BaseViewSet, BaseAPIView
+from plane.api.permissions import ProjectEntityPermission
+from plane.db.models import Project, Estimate, EstimatePoint
+from plane.api.serializers import EstimateSerializer, EstimatePointSerializer
+
+
+class EstimateViewSet(BaseViewSet):
+    permission_classes = [
+        ProjectEntityPermission,
+    ]
+    model = Estimate
+    serializer_class = EstimateSerializer
+
+    def get_queryset(self):
+        return (
+            super()
+            .get_queryset()
+            .filter(workspace__slug=self.kwargs.get("slug"))
+            .filter(project_id=self.kwargs.get("project_id"))
+            .filter(project__project_projectmember__member=self.request.user)
+            .select_related("project")
+            .select_related("workspace")
+            .distinct()
+        )
+
+    def perform_create(self, serializer):
+        serializer.save(project_id=self.kwargs.get("project_id"))
+
+
+class EstimatePointViewSet(BaseViewSet):
+    permission_classes = [
+        ProjectEntityPermission,
+    ]
+    model = EstimatePoint
+    serializer_class = EstimatePointSerializer
+
+    def get_queryset(self):
+        return (
+            super()
+            .get_queryset()
+            .filter(workspace__slug=self.kwargs.get("slug"))
+            .filter(project_id=self.kwargs.get("project_id"))
+            .filter(project__project_projectmember__member=self.request.user)
+            .filter(estimate_id=self.kwargs.get("estimate_id"))
+            .select_related("project")
+            .select_related("workspace")
+            .distinct()
+        )
+
+    def perform_create(self, serializer):
+        serializer.save(
+            project_id=self.kwargs.get("project_id"),
+            estimate_id=self.kwargs.get("estimate_id"),
+        )
+
+    def create(self, request, slug, project_id, estimate_id):
+        try:
+            serializer = EstimatePointSerializer(data=request.data)
+            if serializer.is_valid():
+                serializer.save(estimate_id=estimate_id, project_id=project_id)
+                return Response(serializer.data, status=status.HTTP_201_CREATED)
+            return Response(serializer.errors, status=status.HTTP_400_BAD_REQUEST)
+        except IntegrityError as e:
+            if "already exists" in str(e):
+                return Response(
+                    {"error": "The estimate point is already taken"},
+                    status=status.HTTP_410_GONE,
+                )
+            else:
+                capture_exception(e)
+                return Response(
+                    {"error": "Something went wrong please try again later"},
+                    status=status.HTTP_400_BAD_REQUEST,
+                )
+
+    def partial_update(self, request, slug, project_id, estimate_id, pk):
+        try:
+            estimate_point = EstimatePoint.objects.get(
+                pk=pk,
+                estimate_id=estimate_id,
+                project_id=project_id,
+                workspace__slug=slug,
+            )
+            serializer = EstimatePointSerializer(
+                estimate_point, data=request.data, partial=True
+            )
+            if serializer.is_valid():
+                serializer.save(estimate_id=estimate_id, project_id=project_id)
+                return Response(serializer.data, status=status.HTTP_201_CREATED)
+            return Response(serializer.errors, status=status.HTTP_400_BAD_REQUEST)
+        except EstimatePoint.DoesNotExist:
+            return Response(
+                {"error": "Estimate Point does not exist"},
+                status=status.HTTP_404_NOT_FOUND,
+            )
+        except IntegrityError as e:
+            if "already exists" in str(e):
+                return Response(
+                    {"error": "The estimate point value is already taken"},
+                    status=status.HTTP_410_GONE,
+                )
+            else:
+                capture_exception(e)
+                return Response(
+                    {"error": "Something went wrong please try again later"},
+                    status=status.HTTP_400_BAD_REQUEST,
+                )
+
+
+class ProjectEstimatePointEndpoint(BaseAPIView):
+    def get(self, request, slug, project_id):
+        try:
+            project = Project.objects.get(workspace__slug=slug, pk=project_id)
+            if project.estimate_id is not None:
+                estimate_points = EstimatePoint.objects.filter(
+                    estimate_id=project.estimate_id,
+                    project_id=project_id,
+                    workspace__slug=slug,
+                )
+                serializer = EstimatePointSerializer(estimate_points, many=True)
+                return Response(serializer.data, status=status.HTTP_200_OK)
+            return Response([], status=status.HTTP_200_OK)
+        except Exception as e:
+            capture_exception(e)
+            return Response(
+                {"error": "Something went wrong please try again later"},
+                status=status.HTTP_400_BAD_REQUEST,
+            )
diff --git a/apiserver/plane/db/models/__init__.py b/apiserver/plane/db/models/__init__.py
index 46b459bbd..5df899362 100644
--- a/apiserver/plane/db/models/__init__.py
+++ b/apiserver/plane/db/models/__init__.py
@@ -63,3 +63,5 @@ from .integration import (
 from .importer import Importer
 
 from .page import Page, PageBlock, PageFavorite, PageLabel
+
+from .estimate import Estimate, EstimatePoint
diff --git a/apiserver/plane/db/models/estimate.py b/apiserver/plane/db/models/estimate.py
new file mode 100644
index 000000000..a04c48360
--- /dev/null
+++ b/apiserver/plane/db/models/estimate.py
@@ -0,0 +1,47 @@
+# Django imports
+from django.db import models
+from django.core.validators import MinValueValidator, MaxValueValidator
+
+# Module imports
+from . import ProjectBaseModel
+
+
+class Estimate(ProjectBaseModel):
+    name = models.CharField(max_length=255)
+    description = models.TextField(verbose_name="Estimate Description", blank=True)
+
+    def __str__(self):
+        """Return name of the estimate"""
+        return f"{self.name} <{self.project.name}>"
+
+    class Meta:
+        unique_together = ["name", "project"]
+        verbose_name = "Estimate"
+        verbose_name_plural = "Estimates"
+        db_table = "estimates"
+        ordering = ("name",)
+
+
+class EstimatePoint(ProjectBaseModel):
+    estimate = models.ForeignKey(
+        "db.Estimate",
+        on_delete=models.CASCADE,
+        related_name="points",
+        limit_choices_to={"estimate__points__count__lt": 10},
+    )
+    key = models.IntegerField(
+        default=0, validators=[MinValueValidator(0), MaxValueValidator(7)]
+    )
+    description = models.TextField(blank=True)
+    value = models.CharField(max_length=20)
+
+    def __str__(self):
+        """Return name of the estimate"""
+        return f"{self.estimate.name} <{self.key}> <{self.value}>"
+
+    class Meta:
+        unique_together = ["value", "estimate"]
+        verbose_name = "Estimate Point"
+        verbose_name_plural = "Estimate Points"
+        db_table = "estimate_points"
+        ordering = ("value",)
diff --git a/apiserver/plane/db/models/issue.py b/apiserver/plane/db/models/issue.py
index aeee54348..2443054a1 100644
--- a/apiserver/plane/db/models/issue.py
+++ b/apiserver/plane/db/models/issue.py
@@ -8,6 +8,7 @@ from django.conf import settings
 from django.db.models.signals import post_save
 from django.dispatch import receiver
 from django.utils import timezone
+from django.core.validators import MinValueValidator, MaxValueValidator
 from django.core.exceptions import ValidationError
 
 # Module imports
@@ -37,6 +38,9 @@ class Issue(ProjectBaseModel):
         blank=True,
         related_name="state_issue",
     )
+    estimate_point = models.IntegerField(
+        default=0, validators=[MinValueValidator(0), MaxValueValidator(7)]
+    )
     name = models.CharField(max_length=255, verbose_name="Issue Name")
     description = models.JSONField(blank=True, default=dict)
     description_html = models.TextField(blank=True, default="<p></p>")
diff --git a/apiserver/plane/db/models/project.py b/apiserver/plane/db/models/project.py
index b3c8f669a..b5ba8f198 100644
--- a/apiserver/plane/db/models/project.py
+++ b/apiserver/plane/db/models/project.py
@@ -69,6 +69,9 @@ class Project(BaseModel):
     issue_views_view = models.BooleanField(default=True)
     page_view = models.BooleanField(default=True)
     cover_image = models.URLField(blank=True, null=True, max_length=800)
+    estimate = models.ForeignKey(
+        "db.Estimate", on_delete=models.SET_NULL, related_name="projects", null=True
+    )
 
     def __str__(self):
         """Return name of the project"""