Max Estates to bag 100% stake in Accord Hotels & Resorts
Real Estate

Max Estates to bag 100% stake in Accord Hotels & Resorts

Max Ventures and Industries (Max VIL), one of the three holding companies of the $4 billion Max Group, told the media that Max Estates would acquire total equity in Accord Hotels and Resorts for Rs 306 crore.

The company said after the acquisition, the company would become a 100% subsidiary of Max Estates.

Accord Hotels and Resorts owns a fully paid-up 10 acres of land parcel in Sector 128, Noida, which will enable Max Estates to develop a mixed-use residential community.

The project will have an estimated saleable area of 1 million sq ft, which will be developed under multiple phases with a total sales potential of over Rs 1,300 crore. Moreover, the company will cater to the premium end of the residential market post-acquisition.

Phase-I is scheduled to be launched in the first half (H1) of the coming calendar year and will be delivered within three years of launch.

Image Source

Also read: Construction of Rs 400 cr Max Square begins in Noida

Max Ventures and Industries (Max VIL), one of the three holding companies of the $4 billion Max Group, told the media that Max Estates would acquire total equity in Accord Hotels and Resorts for Rs 306 crore. The company said after the acquisition, the company would become a 100% subsidiary of Max Estates. Accord Hotels and Resorts owns a fully paid-up 10 acres of land parcel in Sector 128, Noida, which will enable Max Estates to develop a mixed-use residential community. The project will have an estimated saleable area of 1 million sq ft, which will be developed under multiple phases with a total sales potential of over Rs 1,300 crore. Moreover, the company will cater to the premium end of the residential market post-acquisition. Phase-I is scheduled to be launched in the first half (H1) of the coming calendar year and will be delivered within three years of launch. Image Source Also read: Construction of Rs 400 cr Max Square begins in Noida

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?