Max Estates Limited, a premier real estate developer in the NCR region, has secured a 10.33-acre land parcel in Noida for INR 711 Crore. The acquisition, made through NOIDA allotment, is strategically located in Sector 105, along the Noida-Greater Noida Expressway. This land acquisition presents a significant opportunity to develop 2.6 million square feet of prime real estate with a 40:60 ratio of residential (Group Housing) and commercial spaces, including office, retail, and service apartments.

The project, with a Floor Area Ratio (FAR) of 400%, has a Gross Development Value (GDV) potential exceeding INR 3,000 Crore, and an annuity rental income potential of over INR 140 Crore per annum. Max Estates plans to execute the payment plan with an upfront payment of INR 284 Crore, followed by eight half-yearly instalments. This strategic acquisition increases Max Estates' total real estate portfolio to 17+ million square feet, diversified across Delhi, Noida, and Gurugram, and across multiple asset classes.

Key Highlights of the Acquisition:

• Residential and Commercial Mix: The land will be developed into a 40% residential and 60% commercial space, with a total GDV potential of INR 3,000 Crore+.
• Annuity Rental Income: With a focus on commercial spaces, the land is projected to generate an annual rental income of INR 140 Crore+.
• Deferred Payment Structure: The acquisition is structured with a deferred payment plan, making it financially manageable for Max Estates.
• Growth Pipeline: This acquisition is part of Max Estates’ plan to continually acquire 3 million square feet of mixed-use development land annually to expand its portfolio.

Max Estates is making significant strides in the real estate market, with a strong focus on both residential and commercial segments. The company recently launched Estate 128 and Estate 360 projects with a combined booking value of INR 7,500 Crore, and it already has a launch pipeline of over 7 million square feet in the coming years, with a GDV potential of INR 14,000 Crore.

Vision for the Future:

Rishi Raj, COO of Max Estates, commented, "This acquisition not only strengthens our portfolio but also aligns with our growth aspirations in the Noida market, where demand for both residential and commercial spaces remains high. Our track record of delivering world-class products and our deep understanding of the Noida micro-market will help us unlock immense value."

Max Estates’ Expanding Portfolio:

Max Estates has been steadily expanding its footprint in the Delhi NCR region with a range of premium residential and commercial projects. Notable completed projects include Max Towers (South Delhi’s premier office space) and Max House, a redevelopment of an office campus in Okhla. The company is also progressing with Max Square Two and a project in Gurugram focused on commercial office spaces.

On the residential front, Max Estates has successfully sold phases of its projects like Estate 128 and Estate 360, with more projects on the horizon.

Max Estates continues to be a leader in the real estate development space, leveraging strategic acquisitions to diversify its portfolio and drive future growth.

For more Real-time Updates, Bookmark https://financesaathi.com

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.