Max Estates projects Noida land acquisition to take gross development value to Rs 50,000 crore
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Max Estates expects its residential gross development value to reach Rs 50,000 crore after acquiring 5.5 acres in Noida.
- ✓The firm already sold Rs 15,562 crore worth of units from projects launched.
- ✓Managing director Sahil Vachani said, "We have a total GDV pipeline of close to Rs 29,000 crore from Q3 FY27."
Story at a Glance
- Category
- Indian Markets
- Reported By
- Economic Times
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Max Estates has already sold Rs 15,562 crore worth of residential units from Rs 18,760 crore of projects launched, while inventory worth Rs 29,058 crore is in the pipeline, as per an investor presentation.
New Delhi: Max Estates Ltd expects the gross development value (GDV) of its residential business to reach about Rs 50,000 crore following the acquisition of 5.5 acres of land in Sector 132, Noida, the real estate arm of the Max Group said. The land, acquired for Rs 272 crore from the Noida authority, is estimated to have Rs 1,500-2,000 crore of GDV.
This is the third major land acquisition by the company, after purchases in Delhi and Ghaziabad.
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