Max Estates Secures RERA Approval for Max One Project in Noida
Filing Summary
Max Estates Limited has obtained the RERA approval for its Max One project in Noida, marking a significant development for the company. The project, located at Max Towers, Sector 16B, Noida, spans approximately 10 acres with a potential of 2.5 million square feet. It is projected to generate total sales of INR 2000 crore and an annuity rental income of INR 120 crore. Construction is set to commence shortly, following the acquisition of Boulevard Projects Private Limited to revive the previously stalled Delhi One development.
Max Estates Limited has announced the receipt of the RERA approval for its Max One project, situated at Max Towers, Sector 16B, Noida. This development follows the insolvency of the previous developer and aims to bring relief to homebuyers who have been waiting for nearly a decade. The project is strategically located at the edge of South Delhi and is designed as a walkable, green campus integrating residences, workspaces, and cultural spaces.
The Max One project covers an area of approximately 10 acres and offers a development potential of around 2.5 million square feet. The project is expected to generate a total sales potential of approximately INR 2000 crore and an annuity rental income potential of approximately INR 120 crore. The development is envisioned as a globally benchmarked urban destination, drawing inspiration from international districts such as Hudson Yards in New York and Marina One in Singapore.
The scope of the Max One project includes the creation of a mixed-use destination featuring ultra-luxury serviced residences, premium offices, curated retail spaces, and a by-invite club. The project aims to offer a comprehensive living experience by reducing the need for constant travel within the Delhi NCR region. The development is designed to provide a holistic downtown experience, aligning with Max Estates’ LiveWell and WorkWell philosophy.
Max Estates acquired Boulevard Projects Private Limited last year to revive the stalled development previously known as Delhi One. This acquisition was a strategic move to address the long-standing issues faced by homebuyers and to bring the project to fruition. The company has secured the necessary approvals to commence construction, signaling a new chapter for the development.
Construction at Max One is set to begin shortly, with the focus on delivering a landmark integrated mixed-use destination. The project is expected to attract significant interest due to its strategic location and comprehensive offerings. Max Estates is committed to enhancing the quality of life through the spaces it creates, and this project is a testament to that commitment.
Max Estates Limited, established in 2016, is a prominent real estate developer in the NCR region. The company focuses on creating premium commercial and residential spaces in Delhi NCR. It has developed a diversified portfolio of real estate assets and has partnered with New York Life Insurance Company to further its strategic objectives. Max Estates is listed on both NSE and BSE.