From The Economic Times · Faizan Haidar · · 50s
Max Estates Secures Land Deal in Ghaziabad
Max Estates lands 9.76-acre Ghaziabad land deal with Rs 2,500-3,000 crore potential.
In brief
Max Estates lands 9.76-acre Ghaziabad land deal with Rs 2,500-3,000 crore potential. Max Estates Limited will develop 9.76 acres of land in Ghaziabad with 1.5 million sq ft potential and Rs 2,500-3,000 crore estimated value. Originally reported by The Economic Times.
Land Deal Announcement
Max Estates Limited to enter joint development agreement for 9.76-acre land in Ghaziabad.
Land Details
Land has 1.5 million sq ft potential and estimated GDV of rs 2500-3000 crore.
Location Advantages
Land near Akshardham Temple, 15 minutes drive, overlooks Hindon River buffer zone.
Transaction Terms
Deal requires due diligence completion and approvals before execution.
Share-Swap Structure
Max Estates issues 7 million shares at rs 597.50 each for land acquisition.
Market Context
Max Estates has rs 16,150 crore residential pipeline from ongoing projects.
At a glance
Max Estates Limited will develop 9.76 acres of land in Ghaziabad with 1.5 million sq ft potential and Rs 2,500-3,000 crore estimated value.
