Max Estates Acquires ~84.71 Acres Delhi Land Bank for ₹420 Cr Equity

Max Estates Ltd has announced the acquisition of an approximately 84.71-acre land bank in Delhi for a consideration of ₹420.2 Cr, entirely through equity (non-cash). This strategic move adds a significant residential land parcel within the National Capital Territory (NCT) of Delhi, complementing its existing presence in Noida and Gurugram. The estimated Gross Development Value (GDV) for this land bank is between ₹10,000-12,000 Cr over the next few years. The transaction is subject to shareholder and regulatory approvals. The land cost is estimated at less than 5% of the GDV, significantly lower than the industry benchmark of 20-25%. This acquisition is structured through nine wholly-owned subsidiaries and is supported by infrastructure development in the area, including the Urban Extension Road-II and Dwarka Expressway.