Max realty plans ₹1,500 cr commercial construction

The real estate arm of Max Venture & Industries, Max Estates, has set aside worth ₹1,500 crore in building office spaces. Currently, the company is completing its first project of 5 lakh square feet known as Max Tower in Delhi One, a commercial and residential property in Sector 16 of Noida on the outskirts of national capital. It is also redeveloping Max India’s headquarters in Okhla area into 1 lakh square feet of office space. The developer is in advanced talks to buy an additional 6,000 square metres of land in Delhi One from 3C, a Noida-based real estate developer, to build an office-cum-commercial complex, said sources, adding that the land is expected to be valued at about ₹250-300 crore. Max is scouting for opportunities in the National Capital Region and has also took over the construction of the stalled Max Tower where the project is almost completed and delivery is expected to start by the end of this year.