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Max Estates has entered into MoU to jointly develop a 9.8 acre land in Gaziabad

ICICIdirect Research 24 Sep 2026 DISCLAIMER

News: Max Estates has entered into MoU to jointly develop a 9.8 acre land in Gaziabad, Uttar Pradesh. The project offers development potential of 1.5 msf and has an estimated gross development value of ₹ 2500- 3000 crore. The project is on an asset light model with revenue sharing agreement with the landowner. 

View: Business development provides business visibility over the medium term. Max Estates has guided to add 2 msf and 1msf of residential and commercial projects in FY27E. It currently has projects across Delhi, Gurugram and Noida of 18.4 msf across residential and commercial assets. The residential project pipeline is worth ₹16150 crore and under-construction commercial projects have peak rental potential of ₹ 700 crore. The company also secured a large land parcel ~85 acre having estimated GDV of ₹ 10,000 crore to be developed in phases over 10 years. 

Impact: Positive

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