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This is the real estate development arm of Max Group. Company is a leading Real Estate player in Delhi - NCR.
Max Estates acquires an 84.71-acre Delhi land parcel via non-cash share swap, issuing 0.7 Cr shares (~INR 420.2 Cr). This expands its residential footprint into Delhi, unlocking ~INR 10,000-12,000 Cr GDV. Land cost is favorable at <5% of GDV, preserving company cash.
Max Estates will acquire nine land-owning companies with 84.7 acres in Najafgarh, Delhi, for ₹420.23 Cr via a preferential share swap. This strategic move aims to capitalize on Delhi's Master Plan 2047, adding ~4-6 million sq. ft. of development potential to its portfolio.