Max Estates Limited — Updates, 24-01-2025: Press Release

Max Estates has secured a 10.33-acre land parcel in Noida for approximately INR 711 Crore, enabling the development of about 2.6 million square feet of mixed-use space, comprising 40% residential and 60% commercial. The project is projected to have a Gross Development Value (GDV) exceeding INR 3,000 Crore and an annual rental income potential of over INR 140 Crore. The acquisition involves a deferred payment plan, with an initial upfront payment of INR 284 Crore. This addition boosts Max Estates' overall real estate portfolio to over 17 million square feet across various asset classes and geographies in the NCR. The company aims to continue expanding its portfolio by acquiring a minimum of 3 million square feet annually, supported by capital raised from various financing sources. This strategic move positions Max Estates favorably in a market characterized by a supply deficit, highlighting potential growth opportunities for the company and its stakeholders.