Strategic Initiative Details

Max Estates Limited has entered into a Binding Memorandum of Understanding for a proposed Joint Development Agreement for a land parcel in Ghaziabad, marking the company's first foray into the Ghaziabad market and extending its NCR footprint beyond Noida, Gurugram and Delhi.

Transaction Structure

  • Land Size: ~9.76-acre land parcel located in Indirapuram, Ghaziabad
  • Development Model: Capital-light basis through Joint Development Agreement
  • Compensation Structure: Landowner to be compensated through revenue-sharing arrangement
  • Location Advantages: Located along National Expressway-3 with buffer green belt, ~15 minutes' drive from Akshardham Temple, overlooking green buffer zone of Hindon River, with superior connectivity from both Delhi and Noida

Development Potential

  • Super Built-up Area: ~1.5 million sq. ft. development potential
  • Gross Development Value (GDV): Estimated ~INR 2,500-3,000 crore opportunity
  • Approval Status: Subject to applicable approvals and final layout

Conditions Precedent

  • Satisfactory completion of due diligence
  • Receipt of all requisite approvals
  • Execution of the final Joint Development Agreement

Company Background

Max Estates Limited is the Real Estate arm of Max Group, established in 2016. The company focuses on building sustainable, grade A developments in Delhi-NCR with emphasis on well-being. Their developments are diversified across various asset classes and strategic locations across Delhi-NCR, driven by LiveWell and WorkWell philosophy. The company also operates Max Asset Services, a real estate services & management company, and is listed on both NSE and BSE.

Key Personnel Contacts

  • Company Secretary & Compliance Officer: Abhishek Mishra
  • Chief Financial Officer: Mr. Nitin Kumar Kansal (Investor Contact)
  • Investor Relations Partner: Strategic Growth Advisors Pvt. Ltd. (Mr. Shogun Jain / Mr. Deven Dhruva)
  • Press Contact: Fortuna PR (Rajmoni Borah)

Risk Disclosure

The document includes a Safe Harbor Statement noting that statements about future status, events, or circumstances including project characteristics, potential, and target dates are forward-looking statements subject to numerous risks and uncertainties and not necessarily predictive of future results.