Max Estates takes over Delhi One project in Noida, under the aegis of IBC

Max Estates Limited (Max Estates), a leading real estate developer in the NCR, had received the final approval from the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) and now with the successful closure, Max Estates has taken over the Delhi One Project. This marks a significant turnaround for the long-stalled site, bringing relief to homebuyers and unlocking fresh momentum for NCR's most strategically located integrated campus.

The development of the Delhi One project will consolidate Max Estates' position as a leading premium real estate developer in Noida and NCR. Max Estates will bring its experience and expertise in premium commercial real estate and high end residential real estate to create a state-of-the-art integrated development that will seamlessly host ultra-luxury residences, premium office spaces, curated high street retail and exclusive club facilities.

Situated at the edge of South Delhi and directly connected via the Delhi-Noida-Direct (DND) Flyway, the development is just steps from key metro stations, benefitting from unparalleled connectivity across Delhi NCR. The project spans approximately 2.5 mn sq. ft. of development part of around 10- acre land parcel constituting ~34,696 sq. mt. of area.

Sharing his vision about the development, Sahil Vachani, Vice Chairman and Managing Director, Max Estates, said, "We are delighted to announce that Max Estates has taken over Delhi One. We believe that we will provide a world class real estate experience to the residents and office goers of the NCR. We look forward to bringing to life our first integrated campus, weaving Max Estates' philosophy of LiveWell, WorkWell, PlayWell, and EatWell into a holistic downtown experience."

In line with Max Estates' core vision of bringing real wellbeing to real estate, the project is being developed with a strong emphasis on wellbeing. The development will integrate green building practices, energy-efficient systems, and biophilic design to foster a harmonious relationship between residents, professionals, and their surroundings. Art and nature are seamlessly woven into the spatial experience, creating a community that is both inspiring and mindful. The serviced residential offerings would be designed to maximize space, natural light, and comfort while preserving residents' ability to customise the space to suit their unique needs and preferences. On the commercial front, the office spaces would provide flexible layouts equipped with state-of-the-art technology and collaborative zones, catering to both emerging businesses and established enterprises.

Shares of Max Estates Limited was last trading in BSE at Rs. 416.30 as compared to the previous close of Rs. 416.70. The total number of shares traded during the day was 7440 in over 687 trades.

The stock hit an intraday high of Rs. 421.40 and intraday low of 408.50. The net turnover during the day was Rs. 3097512.00.

Source : Equity Bulls

Keywords

MaxEstates Residential Commercial Projects INE03EI01018 IBC Acquisition DelhiOne Project