Delhi One Comes Back to Life Under Max Estates, Boosting Its Premium Realty Ambitions

Max Estates Limited has officially taken over the long-delayed Delhi One project, a 2.5 million sq. ft. mixed-use development located on the South Delhi-Noida border. Dormant for seven years, this marquee project is now expected to reposition Max Estates as a leading name in NCR's premium real estate space.

Luxury and Sustainability at the Core

Planned as an ultra-luxury ecosystem, the development will feature high-end serviced residences, Grade-A office spaces, bespoke retail, and a members-only club. With projected sales exceeding ₹2,000 crore and potential annual rental income crossing ₹120 crore, the project is poised to be a major revenue generator.

The development will incorporate green building technologies and smart energy management systems, in line with Max Estates’ wellness-driven real estate philosophy.

Regulatory Green Light and Leadership Vision

The National Company Law Tribunal (NCLT) and Appellate Tribunal (NCLAT) had approved the takeover in February 2023 and October 2024 respectively. Sahil Vachani, Vice Chairman and MD of Max Estates, expressed confidence in the project's potential to elevate real estate standards across NCR.

Max Estates’ Momentum in Real Estate

Carved out from Max Ventures and Industries, Max Estates now operates as a focused real estate development arm of the Max Group. New York Life has infused ₹800 crore into the firm as a strategic partner.

The company recently launched its first luxury residential project in NCR, which recorded pre-launch sales worth ₹1,800 crore and collections of ₹330 crore in Q2 FY24. It also operates a real estate services arm, Max Asset Services, and has a growing portfolio in both residential and commercial segments.

Market Performance Snapshot

Max Estates' stock trades at ₹416.3, with a market cap of ₹6,702 crore. It has delivered a robust 43.11% return over the past year, although the high PE ratio of 870.15 indicates strong future earnings expectations. Among public shareholders, Atul Behari Lall holds a 1.6% stake.

Disclaimer: The information provided in this article is for general informational purposes only and is based on publicly available sources at the time of publication. Ghar.tv does not guarantee the accuracy, completeness, or reliability of the information. Readers are advised to independently verify all details before making any investment or financial decisions. Ghar.tv shall not be held liable for any losses or damages incurred in connection with the use of this content.