Max Estates to form JV for Rs 3,000 cr housing project in Ghaziabad
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Max Estates Ltd has unveiled an exciting partnership aimed at creating a new housing complex in Ghaziabad. Spanning an expansive 9.76 acres in the bustling Indirapuram area, this project boasts a remarkable potential of 1.5 million sq. ft. in super built-up area. With projected revenues between Rs 2,500 and 3,000 crore, the realization of this venture hinges on diligent approvals and thorough due diligence.
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Loading...×Realty firm Max Estates Ltd on Wednesday said it will partner with a landowner to develop a housing project worth about Rs 3,000 crore in Ghaziabad as part of the company's expansion plan.In a regulatory filing, Max Estates Ltd informed that it will enter into a Joint Development Agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad.
The upcoming project will have a super built-up development potential of 1.5 million sq. ft. and an estimated revenue of about Rs 2,500-3,000 crore.
The proposed transaction is subject to satisfactory completion of due diligence, receipt of all requisite approvals and execution of the JDA.
Max Estates is one of the leading real estate developers in the country. It is developing many projects in Delhi-NCR.
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
