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

Infrastructure Transport

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..