Max Estates receives Completion Cum Occupancy Certificate for Phase 2 of Max House, a boutique office campus, in Okhla, South Delhi

Max Estates Limited, the real estate arm of Max Group, has received Completion Cum Occupancy Certificate for Phase 2 of Max House, a boutique office campus in Okhla, South Delhi. This phase of the development has a net leasable area of ~1.5 lacs sq. ft. When combined with Phase 1, the campus has ~2.55 lacs sq. ft. of leasable area.

Max House is LEED Gold certified for Green Building Strategies and IGBC Gold certified for Health and WellBeing aspects. The campus is within walking distance from Okhla NSIC metro station, in the heart of New Delhi, making it well connected to different parts of the National Capital Region (NCR). The said project got completed as per the projected timelines and within the budgeted costs.

Phase 1 of Max House was delivered in 2020 and is 100% leased, housing marquee tenants like Samsung Electronics, Target, Nykaa Fashion, Dhampur Sugar Mills, DSK Legal, Religare Enterprises and many more. ~54% of the total leasable area of Phase 2 has been pre-leased (LOIs included) at a premium of ~25%-30% over any other Grade A development in the micro market. The company is confident of achieving 100% leasing within a year from the receipt of Completion Cum Occupancy Certificate.

Max House is designed along the theme of 'modernity blending with tradition'. While the unique blend of glass and terracotta bricks façade, with the iconic clock tower merges well with the old industrial backdrop of Okhla, the ecosystem of modern facilities and amenities makes Max House stand out as an office space suited to the modern workforce. Max House truly personifies Max Estates' WorkWell philosophy, promising holistic well-being of users of the office space by integrating elements of art, natural light, sustainable features, generous space, and inclusivity in the design, and delivering an unparalleled experience to its users.

Shares of Max Estates Limited was last trading in BSE at Rs. 305.95 as compared to the previous close of Rs. 306.60. The total number of shares traded during the day was 21683 in over 1079 trades.

The stock hit an intraday high of Rs. 311.95 and intraday low of 299.20. The net turnover during the day was Rs. 6652792.00.

Source : Equity Bulls

Keywords

MaxEstates Residential Commercial Projects INE03EI01018 CompletionCertificate OccupancyCertificate Phase2 MaxHouse