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

01 Sep 2025

Indian Railways Marks New Milestone with 4.5 km Long ‘Rudrastra’ Trial

Indian Railways has successfully conducted the trial run of Asia’s longest freight train, named ‘Rudrastra’, achieving a new milestone in cargo transportation, as per news reports. The 4.5 km-long train began its trial from Ganjkhwaja railway station in Chandauli, Uttar Pradesh, and travelled to Garhwa in Jharkhand. Covering a distance of 209 km in 5 hours and 10 minutes, it maintained an average speed of 40.5 km per hour. The train was formed by combining three long-haul racks, with ..

UltraTech Launches India’s First On-Site Hybrid RTC Renewable Energy Project

UltraTech Cement has operationalised a 7.5 MW round-the-clock (RTC) hybrid renewable energy project at its Sewagram Cement Works in Gujarat. The first-of-its-kind solution combines bifacial solar modules with trackers, wind energy and battery storage, co-located on-site, to ensure uninterrupted power for cement manufacturing without grid reliance. The project was executed in collaboration with clean energy solutions provider Gentari. Installed as a behind-the-meter system, it is the country..

Patna Metro Trials Successful, Red Line Priority Corridor to Launch This Month

Patna is set to roll out its first metro rail service later this month, with successful trial runs conducted on the Red Line priority corridor, the Patna Metro Rail Corporation announced.On 7 September, a metro train completed a test run between the Patna depot and Bhootnath station. Officials said the trials involved rigorous checks of rolling stock fitness, overhead electrification (OHE), and track alignment and stability to ensure operational safety and performance.The corridor from the New Pataliputra Bus Terminal to Bhoothnath has been designated as the priority stretch and will be the fi..