There is no dearth of money people in India. No matter what the price, when it comes time to buy, anything gets sold here in a jiffy. Something similar was seen in a housing project in Noida. Realty firm Max Estates Ltd sold 67 luxury residential homes in Noida for Rs 845 crore amid strong demand. According to PTI news, Max Estates sold these apartments in Noida at the rate of Rs 25,000 per square feet. In a regulatory filing on Friday, Max Estates has given this information.
Max Estates launches Phase 2 of Estate 128
According to the news, Max Estates said that its subsidiary company Max Estates 128 Private Limited has successfully launched the second phase of its residential project ‘Estate 128’ in Noida. The real estate company said that based on the success of the first phase, the second phase has achieved a pre-sales booking value of Rs 845 crore within a week of its launch, and the booking value for this phase is as high as the company’s capacity of Rs 800 crore. has crossed the original guidance of Rs. crore.
The company did not disclose
The company did not disclose the number of units sold and the price per apartment for Rs 845 crore. However, market sources said the company launched 67 units in a residential tower and sold all the units at Rs 25,000-26,000 per sq ft. Combining both the phases, the project will now consist of four towers with 268 units spread over 10 acres and a total booking value of approximately Rs 2,700 crore. Rishi Raj, Chief Operating Officer, Max Estates, said the market response to the second phase of the ‘Estate 128’ project in Noida has been very good.
Max Estates Projects
Max Estates said it has achieved booking value of about Rs 5,000 crore in the first nine months of 2024-25. This performance is within the company’s full-year guidance of Rs 4,800-5,200 crore. Established in the year 2016, Max Estates Limited is the real estate arm of Max Group. The company has developed a highly diversified portfolio of real estate across two asset classes in Delhi-NCR.
The company has developed three commercial projects – Max Towers in Noida, Max House in Delhi and Max Square on Noida Expressway. It has also built 222 Rajpur, a luxury residential villa community on Rajpur Road, Dehradun. The company has two under-construction commercial office projects – Max Square Two, adjacent to Max Square and a project located on the main Golf Course Extension Road in Gurugram.
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