Max Estates Buys West Delhi Land for ₹420 Crore

Max Estates has completed a significant acquisition of 84.71 acres in West Delhi, valued at ₹420 crore. This transaction was structured as a non-cash share swap, involving the issuance of approximately 70 lakh equity shares. The acquired land parcel will be developed into integrated, mixed-format projects, including residential and commercial spaces.

This acquisition represents Max Estates' first significant presence within the Delhi housing market, expanding its footprint beyond its current operations in Gurugram and Noida. The company anticipates a revenue potential of ₹10,000 to ₹12,000 crore from the developable area, estimated at 4-6 million sq ft.

Vice Chairman & Managing Director Sahil Vachani highlighted the landmark nature of the deal, emphasizing its strategic location in Delhi's westward expansion and its acquisition at a fraction of prevailing land values without deploying cash. This move secures a multi-year development pipeline and enhances shareholder value.