Max Estates Signs MoU for Ghaziabad Land Deal, Eyes ₹3,000 Cr GDV

Max Estates Limited has entered into a Binding Memorandum of Understanding (MoU) for a Joint Development Agreement (JDA) concerning a 9.76-acre land parcel in Ghaziabad. This move marks the company's entry into Ghaziabad, expanding its National Capital Region (NCR) footprint. The development is structured on a capital-light basis with revenue sharing and is expected to yield a super built-up area of approximately 1.5 million sq. ft., potentially unlocking a Gross Development Value (GDV) of INR 2,500-3,000 crore. The transaction is contingent upon satisfactory due diligence, requisite approvals, and the final execution of the JDA. The land's strategic location offers superior connectivity to Delhi and Noida.