Max Estates to form JV for Rs 3,000 cr housing project in Ghaziabad

Reports coming in for today mention that Realty firm Max Estates Ltd on Wednesday stated it will partner with a landowner to develop a housing project worth around Rs 3,000 crore in Ghaziabad as part of the firm's expansion plan.

In a regulatory filing, Max Estates Ltd informed that it will enter into a Joint Development Agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad.

The upcoming project will have a super built-up development potential of 1.5 million sq. ft. and an estimated topline of around Rs 2,500-3,000 crore.

The proposed transaction is subject to satisfactory completion of due diligence, receipt of all requisite approvals and execution of the JDA.

Max Estates is one of the leading real estate developers in the country. It is developing many projects in Delhi-NCR.