Max Estates will acquire 84.71 acres in West Delhi through a non-cash share swap, issuing up to 70 lakh equity shares worth ₹420.2 crore to the landowners. The deal gives Max Estates its first Delhi foothold and is expected to unlock ₹10,000–12,000 crore in gross development value. It expands the companys residential presence across Delhi, Noida and Gurugram.

Max Estates will acquire 84.71 acres in West Delhi through a non-cash share swap, issuing up to 70 lakh equity shares worth ₹420.2 crore to the landowners. The deal gives Max…

Delhi real estate: Max Estates will acquire the West Delhi land through a ₹420.2 crore share swap, with no cash outflow, and develop it in phases | Real Estate News