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Max Ventures & Industries` (MaxVIL) real estate arm, Max Estates, has entered the Residential Real Estate market in Gurugram through a joint development agreement, with development potential of ~2.4 mn. sq. ft. and gross development value in excess of Rs 3,200 crore.The land parcel admeasures ~11.8 acres and is located in Sector 36A, Gurugram, with direct access from the Dwarka Expressway. The 150m-wide Dwarka expressway connects Gurugram to Delhi and in the last 5 years, both sides of this expressway have witnessed rapid growth in terms of residential and commercial development. The site is also strategically located at the confluence of the expressway, Central Peripheral Road (CPR) and planned Metro Corridor, by virtue of which, this site has excellent connectivity to central and secondary business districts of Gurugram such as Cyber City, Golf Course Road and Southern Peripheral Road (SPR). Furthermore, the site is located in proximity to the Global City plan proposed by Haryana Government, envisioned as a futuristic Central Business District of Delhi-NCR.Powered by Capital Market - Live News

Max Estates, the wholly owned subsidiary of Max Ventures and Industries has executed Share Purchase Agreement(s) on September 6, 2022 for acquisition of the 100% equity share capital of Acreage Builders (CIN: U70101HR2010PTC047012) in one or more tranches. The reason to acquire Acreage Builders is to use its asset i.e. a 6.24 acre land with a license to develop commercial project over an area measuring 7.15 acres, located at Golf Course Extension Road, Gurugram. The potential leasable area of the commercial project is ~1.6 million sq. ft.Post-acquisition, Acreage Builders will become a wholly owned subsidiary of Max Estates. Powered by Capital Market - Live News

Max Estates, a subsidiary of Max Group`s listed entity, Max Ventures & Industries announced it has leased ~80,000 (79,933) sq ft. at itsflagship Grade A office complex, Max Towers, Noida to Cyril Amarchand Mangaldas (CAM), one of India`s leading legal firms. It has also leased ~7,300 sq. ft. to DBS. Max Estates had recently announced leasing of ~62,500 sq. ft. to Yes Bank at MaxTowers. In addition, it has also leased ~25,000 sq. ft. at Max Towers to Indian EnergyExchange (IEX), India`s first and largest power trading platform. This takesthe total leased area at Max Towers to nearly 90% of the total ~5.3 lakh sq ft. Powered by Capital Market - Live News

Max Estates has started construction of its new commercial project, comprising around 0.7 mn sq ft of office and retail spaces, on the Noida Expressway.This is the third commercial project of Max Estates, which is part of Max group`s listed entity Max Ventures & Industries (MaxVIL). Max Estates will develop the project `Max Square` with New York Life Insurance Company as the financial partner. It will have 51 per cent and the New York Life Insurance Company will have 49 per cent stakes in the special purpose vehicle (SPV) Max Square, formed to develop the `Max Square` project.This is the first real estate project by New York Life Insurance Company in India as a financialpartner. The project will be built at a cost of approximately Rs 400 crore with an equityinfusion of Rs 175 crore and a debt funding of Rs 225 crore. Max Estates will be responsible for the final delivery of the project. All statutory approvalsincluding Fire NOC, Building Plan Approval, Environmental Clearance, Mining Approval,Pollution Approval (Consent to Establish) have been received. The project construction hascommenced and the company targets to deliver the same by March 2023. Powered by Capital Market - Live News