NSEPress Release3d ago · 6 Nov 2026, 01:45 pm
Press Release
Max Estates Limited · MAXESTATES
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Max Estates Limited has secured a 5.5-acre prime mixed-use land parcel in Sector 132, Noida, through an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) under Scheme 2025-26 (Builder Plot-IV). The bid value is approximately INR 272 crore, with 40% payable within 60 days of allotment and the balance amount payable in instalments over 4 years.
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Max Estates Limited has informed the Exchange regarding a press release dated November 06, 2026, titled "Max Estates secures approx. 5.5-acre of prime mixed-use land parcel in Sector 132, Noida".
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November 6, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex
Dalal Street Bandra (East)
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 544008 SYMBOL: MAXESTATES
Sub: Press Release
Dear Sir/Madam,
Please find enclosed a copy of the press release titled “Max Estates secures ~5.5-acre of prime
mixed-use land parcel in Sector 132, Noida”, the contents of which are self-explanatory.
Thanking you,
For Max Estates Limited
Abhishek Mishra
Company Secretary & Compliance Officer
Encl: a/a
Max Estates Limited
Corporate Office: Max Towers, L-20, C-001/A/1, Sector-16B, Noida-201301, Uttar Pradesh, India, | P: +91 120-4743222
Regd. Office: Max House 1, Dr. Jha Marg, Okhla Phase 3, Opposite Okhla Railway Station, Okhla Industrial Estate, New Delhi -110020
Email : secretarial@maxestates.in | Website : www.maxestates.in | CIN: L70200DL2016PLC438718
Max Estates secures ~5.5-acre of prime mixed-use land parcel
in Sector 132, Noida
Bid value of ~INR 272 crore, with 40% payable within 60 days of allotment and the balance
staggered over 4 years — a capital-efficient, phased payment structure.
An integrated mixed-use development spanning residential, commercial, retail and amenities
ecosystem, subject to applicable approvals; unlocks an estimated GDV of ~INR 1,500-2,000
crore and lease income from the commercial/retail/amenities component.
Strategically located within a 10-minute radius of Max Estates’ operational and under-
construction assets — Estate 128 and Estate 105 — reinforcing the Company’s core Noida
cluster.
Fits the Company’s “Trunk-and-Branch” land strategy as a smaller, faster-turn “Branch” addition
that complements larger anchor “Trunk” parcels (such as the ~85-acre Najafgarh land parcel),
taking the Company’s residential/mixed-use pipeline to ~INR 31,958 crore GDV.
October 30, 2026, New Delhi: Max Estates Limited (Max Estates), a leading real estate developer in
the NCR, along with other minority consortium partners, today announced that it has received
allotment of Plot No. COMM-01 in Sector 132, Noida, admeasuring ~5.5 acres, in an e-auction
conducted by the New Okhla Industrial Development Authority (NOIDA) under Scheme 2025-26
(Builder Plot-IV).
The bid value for the land parcel is approximately INR 272 crore, of which 40% is payable within 60
days of allotment and the balance amount payable in instalments over 4 years, in line with NOIDA’s
scheme terms. Under the terms of the scheme, the plot carries a permissible Floor Area Ratio (FAR)
of 2.0, translating into approximately 5 lakh sq. ft. of FAR potential for a mixed-use development
comprising residential, commercial, retail and amenities, subject to applicable approvals and
development regulations. This is estimated to generate a Gross Development Value (GDV) of
approximately INR 1,500-2,000 crore and lease income from the commercial and retail
components.
The Sector 132 acquisition is a natural extension of Max Estates’ “Trunk-and-Branch” approach to
land assembly, wherein large, multi-year anchor parcels — such as the ~85-acre Najafgarh land parcel
announced in August 2026 — serve as long-duration “Trunk” developments phased across successive
launches, while smaller, faster-turn “Branch” parcels such as this one are layered in to sustain near-
term launch velocity and cash-flow visibility. Consistent with the Company’s aspiration to add
approximately 2 million sq. ft. of new launches each year, the Sector 132 parcel, in an established
micro-market is expected to move faster through planning and launch, taking current
residential/mixed-use pipeline to ~INR 30,958 crore GDV.
Strategically located in Sector 132, Noida, and within a 10-minute radius of Max Estates’
operational and under-construction commercial and residential assets — Max Square, Estate 128
and Estate 105 — the land parcel further strengthens the Company’s presence in its core Noida
market. It provides an opportunity to create a differentiated mixed-use development combining
residential, commercial, retail and an amenities ecosystem, and is aligned with the Company’s stated
strategy of adding high-quality development opportunities across the residential and commercial
segments in Delhi-NCR.
Commenting on the development, Sahil Vachani, Vice Chairman & Managing Director, Max
Estates, said, “This is a strategic addition to our Noida portfolio and reflects the disciplined,
opportunistic approach we bring to land acquisition. Sector 132 sits at the heart of our core operating
cluster, minutes from Estate 128 and Estate 105, and gives us a faster-turn and capital-efficient addition
to the portfolio.
This win is consistent with our strategy of continuously replenishing a phased, multi-year development
pipeline, and we expect it to further strengthen our growth trajectory in the NCR residential and mixed-
use market. This is consistent with our growth strategy of building a high-quality portfolio across
residential and commercial real estate in Delhi NCR. Subject to completion of NOIDA’s allotment
process, we will seek to create a differentiated experience anchored in our focus on design,
sustainability, quality and end-user experience, while generating long-term value for all stakeholders.
This increases Company’s overall residential/mixed-use GDV pipeline to ~INR 31,958 crore.”
About Max Estates Limited:
Max Estates Limited is the Real Estate arm of Max Group. Established in 2016, Max Estates aspires to build
sustainable, grade A developments in Delhi-NCR, with a focus on well-being. Every day, our endeavor is to
consciously create a unique confluence of spaces that enable collaboration, innovation and community, and
bring in the true essence of well-being to everyday life.
Our current and planned developments are diversified across various asset classes, key strategic locations
across Delhi-NCR. Max Estates in its pursuit of emerging as the most preferred brand in real estate in the
NCR is driven by the desire to enhance well-being through its exceptional experiences across the residential
and commercial segments anchored on our LiveWell and WorkWell philosophy.
Max Estates also has a real estate services & management company – Max Asset Services. Max Estates
Limited is listed on NSE and BSE.
For further details, please contact:
Investor Contact:
Max Estates Limited
CIN – L70200DL2016PLC438718
Mr. Nitin Kumar Kansal – Chief Financial Officer
Email: nitin.kansal@maxestates.in
www.maxestates.in
Investor Relations Partner
Strategic Growth Advisors Pvt. Ltd.
CIN: U74140MH2010PTC204285
Mr. Shogun Jain / Mr. Deven Dhruva
Email: shogun.jain@sgapl.net / deven.dhruva@sgapl.net
Tel: +91 7738377756 / +91 9833373300
www.sgapl.net
Fortuna PR
Rajmoni Borah
Email: rajmoni@fortunapr.com
Tel: +91 8800900548
Safe Harbor Statement:
Statements in this document relating to future status, events, or circumstances, including but not limited
to statements about plans and objectives, the progress and results of research and development, potential
project characteristics, project potential and target dates for project related issues are forward-looking
statements based on estimates and the anticipated effects of future events on current and developing
circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily
predictive of future results. Actual results may differ materially from those anticipated in the forward-
looking statements. The company assumes no obligation to update forward-looking statements to reflect
actual results changed assumptions or other factors.