Max Estates has received allotment of Plot in Sector 132, Noida, admeasuring around 5.5 acres, in an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) under Scheme 2025-26 (Builder Plot-IV).
The bid value for the land parcel is approximately Rs 272 crore, of which 40% is payable within 60 days of allotment and the balance amount payable in instalments over 4 years, in line with NOIDA’s scheme terms. Under the terms of the scheme, the plot carries a permissible Floor Area Ratio (FAR) of 2.0, translating into approximately 5 lakh sq. ft. of FAR potential for a mixed-use development comprising residential, commercial, retail and amenities, subject to applicable approvals and development regulations. This is estimated to generate a Gross Development Value (GDV) of approximately Rs 1,500-2,000 crore and lease income from the commercial and retail components.
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.
