Shares of Max Estates Ltd. rose more than 6% on Thursday after announcing the acquisition of Boulevard Projects Pvt. To revive Noida’s Delhi One project.
The property developer has acquired the Boulevard project worth Rs 3.4 crore, according to the exchange declaration announced on Thursday. The total capital commitment, including settlement of outstanding debts, is estimated at Rs 1,400 as per filing.
The acquisition was completed in February 2023 and October 2024 after it was approved by the National Corporations Court and the National Corporations Court of Appeals, respectively.
Located on the edge of South Delhi and directly connected via the Delinida Direct Flyway, the Delhi One Project is approaching the main metro stations. The project spans approximately 2.5 million square feet of development and is part of a roughly 10-acre parcel of land that makes up an area of ​​34,696 square meters, the press release said.
“We are pleased to announce that Max Estate has taken over Delhi and we believe it will provide a world-class real estate experience for NCR residents and office visitors. We look forward to bringing life to the first integrated campus and weaving it into Vaccan’s Weissystes Ettwell, who will direct Livewell, Workwell, Playwell and Associate Director Estéesti.
