Max Estates is planning to enter into a joint development agreement (JDA) for an around 9.76-acre land parcel in Indirapuram, Ghaziabad, envisaging a super built-up development potential of around 1.5 million sq. ft. and an estimated gross development value (GDV) of around Rs 2,500-3,000 crore.
The proposed transaction shall be subject to satisfactory completion of due diligence, receipt of all requisite approvals and execution of the JDA. The land is Located along National Expressway-3 with a buffer green belt, around 15 minutes’ drive from Akshardham Temple, and overlooking the green buffer zone of the Hindon River, with superior connectivity from both Delhi and Noida.
Max Estates is the real estate arm of the Max Group. The company is mainly engaged in the business of Construction of Buildings carried out on own account basis or on a fee or contract basis i.e. real estate development and letting, sub-letting, leasing, selling and distribution of residential or commercial complex, house, building etc.
