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Max Estates: Max Square will also house Skootr, which has leased approximately 103,000 sq ft of super built up area. Total leasable area for the project is about 0.7 million sq ft. New York Life Insurance Company is a 49% partner in the project.
Pti: Max Estates, a listed real estate entity achieves Rs 1800 Cr pre-launch sales in Noida, Significant leasing traction at Max Square and Max House Okhla
“This is a clear reflection of Noida Expressway and particularly Max Square, is fast emerging as new centre for corporate office beyond a back-office hub. With this, Max Square, within 6-9 months of receiving its completion, has transacted (LOI Included) 50% of the office space including 100 percent of the retail/F&B is committed,” the company said in a statement.
Max Estates' net consolidated total income stood at Rs 27.78 crore in Q2 FY24, a dip of 16.75 per cent from Rs 33.37 crore it recorded in the similar quarter last year.
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.