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)

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