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

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..