Max Estates to acquire Acreage Builders for ₹322.50 cr

PMV America & Europe

max estates

Max Ventures & Industries Limited's (MaxVIL) announced that Max Estates, the real estate arm, has proposed to acquire Acreage Builders Private Limited, at an enterprise value of ₹322.50 crores. The transaction is expected to be completed by February 2023.

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."

Details: Published: 09 September 2022

Propel Engineering Excellence

Scania India Partners with PPS Motors: Strengthens presence in Mining

Scania Commercial Vehicles has partnered with PPS Motors, designating them as the sole representative for Scania's mining tippers in India. This partnership ensures Pan India coverage for sales and service operations. Scania India

Six Infra giants bid for ₹16,621 cr Mumbai coastal road project

Six major infrastructure firms, including L&T, J Kumar Infraprojects, NCC Limited, Megha Engineering, APCO Infraprojects, and Afcons Infrastructure, are competing for the ₹16,621-crore Coastal Road project connecting Versova to Dahisar

Uttarakhand awards THDCIL-UJVNL Energy ₹17,000 cr Hydro Projects

Uttarakhand State Government has granted contracts worth ₹17,000 crore to THDCIL-UJVNL Energy Company, a joint venture between THDC India and UJVNL, for five hydro-electric projects totaling 1,719 MW. The projects include Mori Hanol (63 MW)

RockFit

India and ADB sign $175mn loan pact for MP road upgradation

India and the Asian Development Bank (ADB) have inked a $175 million loan agreement to upgrade 500 km of state highways and major district roads in Madhya Pradesh. The project will incorporate climate- and disaster-resilient designs

Gujarat govt signs MoUs with AAI for development of 11 airports

The Gujarat government has entered into Memorandums of Understanding (MoUs) with the Airports Authority of India (AAI) to develop 11 new greenfield airports and expand nine existing ones. Towns like Ankleshwar, Morbi, Rajpipla, Botad

NHAI accelerates ₹580 cr Pune-Bengaluru NH bypass construction

NHAI expedites construction of the six-lane Narendra Cross to Gabbur stretch on the Pune-Bengaluru National Highway bypass, with a ₹580 crore investment. The project, managed by NHDL, includes 21 underpasses, one road over bridge

Dynapac - Designed to Perform built to Last

NHAI invites bids for ₹270 cr elevated structure project in Rajasthan

NHAI has issued a tender for the construction of an elevated structure at Raniwara Circle, Sanchore town, as part of the Gandhav-Sanchore section on NH-68 in Rajasthan. The project, under the NH(O) scheme, follows an EPC model and requires

Allcargo Gati appoints Sandeep Kulkarni as COO

Allcargo Gati Limited has appointed Sandeep Kulkarni as its Chief Operating Officer. He will be responsible for formulating strategic planning, driving operational efficiency through the adoption of new-age technology, leading

Panattoni launches its first project in India with Rs 110 cr investment

Real estate developer Panattoni has announced its inaugural project in India with the Phase 1 launch of Panattoni Park NH71 in Delhi NCR. Panattoni has made an investment of INR 110 crores in the first phase of the project, and over the next

Excon 2023

VOC port gets approval for Rs 7,055.95 cr container terminal

The Union government's V O Chidambaranar Port Authority in Tamil Nadu has received approval from the Public-Private-Partnership Appraisal Committee (PPPAC) to construct a 4 million TEUs capacity container terminal in the port's outer harbor, involving

HCPL secures bid for Hubballi Airport's Rs 260.22 cr terminal

Harsh Constructions (HCPL) emerges as the lowest bidder (L1) for the civil construction of Hubballi airport's new terminal building in Karnataka. The Rs. 260.22 crore investment will enable the terminal to handle 2400 peak-hour passengers, featuring

RITES & MIDC join forces for logistics projects

Government-controlled PSU RITES, under the Ministry of Railways, has inked an initial pact with Meghalaya Industrial Development Corporation Ltd (MIDC) for multi-modal logistics projects in Meghalaya. RITES will serve as a project management consultant

Sandvik Ground Support

Panattoni Group to invest 100m euros in industrial park in Delhi-NCR

The US-based Panattoni Group announces a 100 million Euro investment in an 8 million sq. ft. industrial park in the Delhi-NCR region, marking its entry into the Indian market. The first project, covering 18 acres along National Highway 352, is strategically

CMRL awards Rs 137.86 cr E&M contract to Universal MEP for pink line

Chennai Metro Rail grants a Rs. 137.86 crore contract to Universal MEP Projects & Engineering Services for Line 5's E&M, fire protection, ventilation, and air-conditioning. The 2.2-year project on the 44.6 km Pink line, from Madhavaram to Sholinganallur

98 MSMEs to invest Rs 1,583.80 cr in Tamil Nadu

In Thoothukudi, Tamil Nadu, 98 MSMEs are set to invest Rs 1,583.80 crore in various manufacturing units. Notably, one unit aims to produce spare parts for ISRO with a Rs 200 crore investment. Other units will focus on food processing, matches

Keestrack

Brigade Group to develop 2 lakh sqft grade-A office space in Bengaluru

Brigade Group has inked a joint development agreement for a grade-A office space on Sankey Road, Bengaluru. The project spans around 0.20 million sq ft with an estimated gross development value (GDV) of Rs 500 crore. Additionally, Brigade Hotel

UP approves Rs 1,600 cr RRTS corridor

The Uttar Pradesh state government has granted approval for a 72-km long Regional Rapid Transit System (RRTS) corridor connecting Ghaziabad's 17-km priority section to the upcoming Jewar International Airport in Greater Noida. The ambitious project

JCB unveils £100 million hydrogen project in India

In the presence of Shri Nitin Gadkari, JCB's £100 million project for super-efficient hydrogen engines made its Indian debut. The Minister unveiled a JCB backhoe loader powered by a purpose-engineered hydrogen combustion engine, marking its global

ACE Cranes

Karnataka approves ₹2,088 cr 62 infra projects

The State Level Single Window Clearance Committee (SLSWCC) in Karnataka has granted approval for 62 projects with a combined investment of ₹2,088.44 crore. Notably, the committee greenlit Qualcomm's pivotal Research and Development (R&D) unit

UP metro initiates tunneling for Kanpur Metro's Strategic Link

The Uttar Pradesh Metro Rail Corporation has commenced tunneling operations for the Kanpur metro, connecting the priority corridor with the Chunniganj-Nayaganj section. The Nana TBM (Tunnel Boring Machine) has been deployed at the MacRobert ganj

Infrabazaar - Right Banner Fixed

Sharp Ply - Right Banner

Kone - DX Class Elevator

NBM&CW

New Building Material & Construction World

View Online Download

Previous Issues Subscribe Now

Concrete Construction

Concrete Construction

View Online Download

Previous Issues Subscribe Now

MGS Architecture

Modern Green Structures & Architecture

View Online Download

Previous Issues Subscribe Now

L&ST

Lifting & Specialized Transport

View Online Download

Previous Issues Subscribe Now

II&TW

Indian Infrastructure & Tenders Week

View Online Download

Previous Issues Subscribe Now

About Us
Contact
Advertise
Subscribe

Terms & Conditions
Privacy Policy
Cancellation / Refund Policy
Disclaimer

To get latest updates on whatsapp, Save +91 93545 87773 and send us a 'Saved' message

Click Here to Subscribe to Our eNewsletter.

NBM Media Pvt. Ltd. | All rights reserved © 2023