Acreage Builders Private Limited holds a license to develop commercial project over an area measuring 7.15 acres, located at Golf Course Extension Road in Gurugram. Max Estates plans to develop a best-in-class Grade A+ commercial space on this land. The potential leasable area is ~1.6 Mn sq. ft.
Sahil Vachani, MD & CEO of MaxVIL informed, "This acquisition marks our entry into Gurugram, a key market for Commercial Real Estate (CRE) both within Delhi-NCR and pan-India. The transaction will further diversify the geographic footprint of our CRE Portfolio and aid our aspiration of becoming a leading player in the Delhi-NCR."