Max Estates aims for Rs 18 bn from inaugural luxury project

11 Jul 2023 CW Team

Max Estates, the real estate arm of Max Ventures & Industries (MaxVIL), is anticipating a revenue of Rs 18 billion from its inaugural luxury residential project, as mentioned by Sahil Vachani, the managing director of MaxVIL.

According to Vachani, the company mentioned that they had acquired 10 acres of land in Noida by acquiring 100% equity in Accord Hotels and Resorts, which holds the land as its sole asset.

Max Estates, with approximately one million sq ft of saleable area, revealed that they sold the project, Estate 128, at Rs 18,000 per sq ft, making it the most expensive project in Noida.

Vachani informed ET that their expressed goal is to expand the portfolio by a minimum of one million square feet annually in the residential and commercial asset categories throughout Delhi-NCR (National Capital Region), striving to become the preferred developer in the region. He further stated, "MaxVil and Max Estates’ amalgamation has been approved. MEL will be listed as a specialized real estate company."

The project will incorporate a 46,000 sq ft club, with 80% of the area designated as green space.

Rishi Raj, the chief operating officer of Max Estates, stated, "We anticipate commencing construction of the project by the third quarter of 2023 and completing it within 48-60 months, in line with the prescribed timelines of the Real Estate Regulatory Authority (RERA)."

Also read:
Ajmera Realty Q1 sales down 44% on year
L&T Construction wins big Mumbai office project

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..