Network18 organized a three-day Election Yatra of Uttar Pradesh, bringing together an eclectic group of business leaders, CEOs, investors, and diplomats to witness the Lok Sabha elections.
Pre-sale refers to the sale of properties before they are constructed, a common practice in the real estate sector. The company is on track to launch the National Capital Regions first intergenerational residential community in the July-September quarter of 2024, with a revenue potential of Rs 4,000 crore.
Max Estates stock rose by 27% in 2 sessions after securing a major residential project worth ₹9,000 crore. A recent ₹388 crore investment from New York Life Insurance aims to support the company s expansion in the high-growth residential sector.
New York Life Insurance Co. has invested Rs 388 crore for a 49% equity stake in two commercial projects in Delhi and Noida by Max Estates SPV. This makes New York Life a 49% partner in all commercial projects by Max Estates in Delhi-NCR. The two buildings are Max Tower in Noida and Max House in Okhla, with a total leasable area of around 600,000 sq ft. Max Towers and Max House are operational commercial real estate projects in Noida and Delhi. Max Estates will hold 51% in the two SPVs after the transactions.
This investment will enable Max Estates to deliver on its aspired growth trajectory of acquiring at least 2 mn sq ft of development opportunity every year