Noida Based Max Estates Plans To Construct INR 3400 Crore Worth of Mixed Use Real Estate Projects in NCR

Max Estates to Develop Huge Real Estate Projects in NCR

Noida Based Max Estates has announced intentions to spend INR 3,400 crore over the next three years in the construction of two residential and two commercial projects in Noida and Gurugram.

The Noida real estate company has previously constructed three premium office buildings in Noida and Delhi, totaling around 15.5 lakh square feet, in addition to a modest boutique luxury residential project in Dehradun.

Max Estates has bought property in Noida and signed a joint development agreement with a landowner for a home development in Gurugram.

The development company will unveil a 250-unit housing project in Noida in July, while a 1,200-1,400-unit building in Gurugram will debut the following year.

In addition, Max Estates will construct two office complexes in Noida and Gurugram, totaling 26 lakh square feet of rentable space, and anticipates sales income of INR 4,500 crores from its next housing projects.

Max Estates has collaborated with New York Life Insurance Company as a project-level equity investor in order to fund its capital-intensive commercial projects.

New York Life Insurance has contributed 800 crore rupees to Max Estates' commercial developments and has a 23 percent share in the publicly traded MaxVIL.

Recently, New York Life Insurance made an investment of INR 290 crores to purchase a 49% share in the forthcoming commercial property in Gurugram by Max Estates.