Max Estates Takes Over Long-Delayed Delhi One Project in Noida After NCLT Approval

Acquisition Marks New Beginning for Long-Stalled Project

Max Estates, the real estate arm of the Max Group, announced that it has formally completed the acquisition of Boulevard Projects after securing approvals from both the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT). Sources reported that this move is aimed at reviving a long-stalled mixed-use development in Noida, where nearly 240 buyers have been awaiting completion for almost a decade.

Financial Commitment to Clear Dues and Complete Project

According to industry updates, Max Estates is set to clear outstanding dues amounting to ₹1,400 crore owed to the Noida Authority, lenders, and homebuyers, following a staggered repayment schedule. In addition, the company is expected to invest another ₹1,500 crore towards the completion of the project.

Max Estates Takes Over 'Delhi One'

Company officials indicated that with this acquisition, Max Estates has officially taken control of the 'Delhi One' project. Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stated that the firm is committed to delivering a world-class real estate experience for both residents and commercial occupants across the National Capital Region (NCR).

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