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Max Ventures’ real estate arm enters into Residential Real Estate market in Gurugram

Max Ventures And Industries Ltd. - (Amalgamated) | Finance - Investment | BFSI | BSE: 539940 | NSE: MAXVIL

17 Feb 2023 Evaluate

Max Ventures and Industries’ real estate arm -- Max Estates, has entered the Residential Real Estate market in Gurugram through a joint development agreement, with development potential of around 2.4 mn. sq. ft. and gross development value in excess of Rs 3,200 crore. The land parcel admeasures around 11.8 acres and is located in 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.

Following the successful implementation of its WorkWell philosophy in its commercial assets, Max Estates will look to implement its LiveWell philosophy here, which focusses on the holistic well-being of its residents across all age groups. Max Estates will be developing the region’s first inter-generational community. After successful commercial developments in Delhi and Noida, Max Estates expanded its footprint to the residential development space in Noida as well as announced a commercial development in Gurugram. Through this transaction, the Company will now have a presence in the residential market of Gurugram as well.

Max Ventures and Industries, a part of Max Group, operates primarily in the areas of manufacturing and real estate.

Max Vent.-Amalgamat. Share Price

215.65 0.00 (0.00%)

10-Aug-2023 18:01 View Price Chart

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Max Ventures’ real estate arm enters into Residential Real Estate market in Gurugram

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