Max Estates Revives Delhi One Project, Unlocks Rs 20 Billion Sales

25 Apr 2025 CW Team

Max Estates Limited has officially taken over the long-stalled Delhi One project in Noida through the resolution of Boulevard Projects Private Limited (BPPL) under the Insolvency and Bankruptcy Code (IBC). The move brings much-needed relief to homebuyers who have waited seven years and marks a strategic leap for Max Estates in the premium real estate segment of NCR.

Situated at the edge of South Delhi with direct connectivity via the DND Flyway, Delhi One is an integrated mixed-use development featuring ultra-luxury serviced residences, premium office spaces, curated retail, and an exclusive club. The project spans approximately 2.5 million sq. ft. of development potential on a 10-acre parcel, with estimated sales potential exceeding Rs 20 billion and annuity rental income of over Rs 1.2 billion.

Max Estates secured final approvals from the NCLT in February 2023 and NCLAT in October 2024. With this acquisition, the company aims to deliver a downtown experience aligned with its “LiveWell, WorkWell, PlayWell, EatWell” philosophy.

Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stated, “We believe we will provide a world-class real estate experience to the residents and office-goers of NCR. Our goal is to deliver an inspiring, sustainable, and integrated community.”

The development will incorporate green building practices, energy-efficient systems, and biophilic design to foster well-being and sustainability. Residential units will focus on natural light, flexible customisation, and comfort, while commercial spaces will offer modern collaborative environments for diverse enterprises.

This revival positions Max Estates as a key player in transforming NCR’s premium real estate landscape.

(BSE)

Infrastructure Transport

06 Aug 2026

Surya Roshni delivers customised lighting for NCRTC RRTS stations

Surya Roshni has supplied customised indoor lighting solutions for 18 elevated stations on the National Capital Region Transport Corporation's (NCRTC) Rapid Rail Transit System (RRTS), strengthening its presence in India's infrastructure lighting segment.The project involved the design and deployment of lighting systems for platforms, concourses, foot overbridges (FOBs) and back-of-house (BOH) areas. According to the company, the luminaires were developed specifically to meet NCRTC's design, operational and performance requirements rather than using standard products.Surya introduced two custo..

Hilton debuts Tapestry Collection brand in Vietnam

Hilton has opened NHAAN Resort & Spa Hoi An, Tapestry Collection by Hilton, marking the debut of the Tapestry Collection brand in Vietnam and expanding its lifestyle hospitality portfolio in Southeast Asia.Located along the Co Co River in Cam Thanh village, the 174-key resort provides access to Hoi An Ancient Town, Cua Dai Beach and the Cam Thanh Nipa Forest. The property has been designed by Vietnamese architect Vo Trong Nghia, incorporating biophilic architecture, locally sourced materials and riverfront landscapes.The resort offers a mix of guest rooms and suites, including family-frien..

Electrent expands lithium energy storage system portfolio

Electrent Energy has expanded its lithium-based energy storage portfolio with the launch of the ESS 850 and ESS 1050, targeting compact and maintenance-free power backup solutions for Indian homes.The new systems integrate a Home UPS and a LiFePO4 lithium battery into a single unit, extending the company's product range following the launch of its ESS 1350 and ESS 2500 models.Designed for apartments and smaller homes, the ESS 850 provides up to 1 hour 15 minutes of backup, while the ESS 1050 offers up to 1 hour 45 minutes on a typical 400 W household load. The systems can power essential appli..