New Launch8 Feb 2025, 03:31 am
Max Estates Ltd. to Acquire Strategically Located Land Parcel in Noida for INR 71,112.99 Lakhs
AI Summary
Max Estates Ltd. has approved the acquisition of a 10.33 acre mixed-use land parcel in Sector 105 on Noida-Greater Noida Expressway for INR 71,112.99 lakhs. The acquisition is structured with a deferred payment plan, requiring an upfront payment of INR 21,411.39 lakhs, with the balance payable in eight half-yearly instalments. This acquisition presents an opportunity to develop 2.6 mn square feet with 40 percent Residential (Group Housing) and 60 percent Commercial (including Office, Retail and Service Apartments).
Key Highlights
- Max Estates Ltd. to acquire a 10.33 acre mixed-use land parcel in Sector 105 on Noida-Greater Noida Expressway.
- The acquisition is structured with a deferred payment plan, requiring an upfront payment of INR 21,411.39 lakhs, with the balance payable in eight half-yearly instalments.
- This acquisition presents an opportunity to develop 2.6 mn square feet with 40 percent Residential (Group Housing) and 60 percent Commercial (including Office, Retail and Service Apartments).