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

08 Jun 2022 CW Team

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

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..