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Max Estates' stock rose by 27% in 2 sessions after securing a major residential project worth ₹9,000 crore. A recent ₹388 crore investment from New York Life Insurance aims to support the company's expansion in the high-growth residential sector.
The real estate arm of the Max group signed binding agreements for the development of a group housing residential property on 18.23 acres of land, with around 4 million square feet of development area
Max Estates had sold properties worth Rs 1,800 crore in its luxury housing project at Noida, Uttar Pradesh. With around one million sq ft of saleable area, Max Estates sold the project, Estate 128, at Rs 18,000 per sq ft, making it the costliest project in Noida.