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Max Estates buys 85-acre land in Delhi to build projects, eyes Rs 10,000-12,000 cr revenue
Max Estates has successfully acquired 84.71 acres in West Delhi for a whopping Rs 420 crore. This bold move paves the way for future residential and commercial projects, estimated to yield between Rs 10,000 and Rs 12,000 crore in revenue. By entering Delhi's housing market, Max Estates significantly enhances its land portfolio while ensuring robust future growth without immediate cash expenditure.
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economictimes.indiatimes.com
Max Estates to acquire 84.71-acre land in West Delhi for Rs 420 crore
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…
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hindustantimes.com
Max Estates to enter Delhi housing market with 84.71-acre land deal, eyes ₹10,000-12,000 crore revenue potential
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
