MaxVIL to develop 2 mn sq ft of residential, commercial space

23 Dec 2022 CW Team

Max Ventures & Industries Ltd (MaxVIL), one of the three holding companies of the Max Group, will develop one million square feet of commercial space and one million sq ft of residential space in 2023 as it looks to scale up its real estate portfolio, the company’s managing director and chief executive officer Sahil Vachani said.

In the last six months the company completed three land transactions, acquiring around 22 acres for Rs 8.50 billion. One of these land lots will be used for residential development, while the rest will be used for commercial buildings.

MaxVIL is in talks for another land acquisition on the Dwarka Expressway in Gurgaon for residential development.

“We are definitely going to scale up. Our objective is to develop a million sq ft of office space and a million sq ft of residential space. We are confident in maintaining our current momentum and will continue to expand. We want to do very high-quality development focused on the end customer experience,” said Vachani.

MaxVIL will launch its first residential project by mid-2023. “We are positioning our first residential project in Noida Sector 128 … we are thinking a total of not more than 250 units, with more focus on the green area,” Vachani said.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..