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ContextLogic Inc. (NASDAQ:WISH – Get Free Report) General Counsel Joanna Forster sold 16,394 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $5.45, for a total transaction of $89,347.30. Following the sale, the general counsel now directly owns 39,046 shares of the company’s […]
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, part of the Max Group, seals a joint development deal for 18.23 acres in Gurgaon, adjacent to existing land, with a potential revenue of Rs 9,000 crore. With an eye on the Delhi NCR market, it s poised to launch a pioneering Intergenerational residential community, aiming for a revenue of Rs 4,000 crore.
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.