Max Estates will hold a meeting of the Board of Directors of the Company on 22 May 2024.Powered by Capital Market - Live News

Net loss of Max Estates reported to Rs 3.14 crore in the quarter ended December 2023 as against net profit of Rs 4.02 crore during the previous quarter ended December 2022. Sales declined 17.45% to Rs 24.17 crore in the quarter ended December 2023 as against Rs 29.28 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales24.1729.28 -17 OPM %25.9424.18 - PBDT-1.318.91 PL PBT-8.205.45 PL NP-3.144.02 PL Powered by Capital Market - Live News

Max Estates has approved the acquisition of 100% equity shares of Astiki Realty. The purpose of acquiring this entity is to have an investment vehicle to pursue acquisition of residential or commercial real estate growth opportunities either through Outright deals (bilateral or auctions including by Government) or Joint Development route as a part of Max Estates` stated strategy of adding 2 mn square feet of development opportunity every year.Powered by Capital Market - Live News

Max Estates Gurgaon (MEGL), a 100% wholly owned subsidiary of Max Estates, the real estate arm of Max Group, proposes to develop a Group Housing Project on the land admeasuring 11.80 acres, located in village Harsaru, Sector 36-A, Sub-Tehsil Harsaru, District Gurugram, Haryana. It also proposes 33% of the available FAR for the said project, translating to approximately 6.07 lakh sq. ft. to be allocated for development of senior living units and associated facilities/amenities including any club for the said senior living development for which Antara Senior Living (ASLL) has been engaged by MEGL. The Binding Terms sheet between the two Companies has been signed. This will be one of the first intergenerational project at scale in Gurugram.Powered by Capital Market - Live News

Max Estates announced that the 7th Annual General Meeting (AGM) of the company will be held on 22 December 2023.Powered by Capital Market - Live News