Max Estates Revives Delhi One Project, Unlocks Rs 20 Billion Sales
25 Apr 2025
2 Min Read
CW Team
Max Estates Limited has officially taken over the long-stalled Delhi One project in Noida through the resolution of Boulevard Projects Private Limited (BPPL) under the Insolvency and Bankruptcy Code (IBC). The move brings much-needed relief to homebuyers who have waited seven years and marks a strategic leap for Max Estates in the premium real estate segment of NCR.
Situated at the edge of South Delhi with direct connectivity via the DND Flyway, Delhi One is an integrated mixed-use development featuring ultra-luxury serviced residences, premium office spaces, curated retail, and an exclusive club. The project spans approximately 2.5 million sq. ft. of development potential on a 10-acre parcel, with estimated sales potential exceeding Rs 20 billion and annuity rental income of over Rs 1.2 billion.
Max Estates secured final approvals from the NCLT in February 2023 and NCLAT in October 2024. With this acquisition, the company aims to deliver a downtown experience aligned with its 鈥淟iveWell, WorkWell, PlayWell, EatWell鈥� philosophy.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stated, 鈥淲e believe we will provide a world-class real estate experience to the residents and office-goers of NCR. Our goal is to deliver an inspiring, sustainable, and integrated community.鈥�
The development will incorporate green building practices, energy-efficient systems, and biophilic design to foster well-being and sustainability. Residential units will focus on natural light, flexible customisation, and comfort, while commercial spaces will offer modern collaborative environments for diverse enterprises.
This revival positions Max Estates as a key player in transforming NCR鈥檚 premium real estate landscape.
(BSE)
Max Estates Limited has officially taken over the long-stalled Delhi One project in Noida through the resolution of Boulevard Projects Private Limited (BPPL) under the Insolvency and Bankruptcy Code (IBC). The move brings much-needed relief to homebuyers who have waited seven years and marks a strategic leap for Max Estates in the premium real estate segment of NCR. Situated at the edge of South Delhi with direct connectivity via the DND Flyway, Delhi One is an integrated mixed-use development featuring ultra-luxury serviced residences, premium office spaces, curated retail, and an exclusive club. The project spans approximately 2.5 million sq. ft. of development potential on a 10-acre parcel, with estimated sales potential exceeding Rs 20 billion and annuity rental income of over Rs 1.2 billion. Max Estates secured final approvals from the NCLT in February 2023 and NCLAT in October 2024. With this acquisition, the company aims to deliver a downtown experience aligned with its 鈥淟iveWell, WorkWell, PlayWell, EatWell鈥� philosophy. Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stated, 鈥淲e believe we will provide a world-class real estate experience to the residents and office-goers of NCR. Our goal is to deliver an inspiring, sustainable, and integrated community.鈥� The development will incorporate green building practices, energy-efficient systems, and biophilic design to foster well-being and sustainability. Residential units will focus on natural light, flexible customisation, and comfort, while commercial spaces will offer modern collaborative environments for diverse enterprises. This revival positions Max Estates as a key player in transforming NCR鈥檚 premium real estate landscape. (BSE)
Next Story
MoHUA Plans New Role for Smart City SPVs
In a significant policy move, the Ministry of Housing and Urban Affairs (MoHUA) has issued an advisory encouraging the continued use and repurposing of Special Purpose Vehicles (SPVs) formed under the Smart Cities Mission (SCM). This marks a step toward sustaining urban transformation by leveraging institutional capabilities and infrastructure developed over the past decade.Initiated in 2015, the Smart Cities Mission introduced a new era of urban planning in India, with each of the 100 selected cities forming SPVs under the Companies Act, 2013. These entities, jointly owned by state government..
Next Story
ADB Approves $110 Million Loan to Boost Skills in Gujarat
The Asian Development Bank (ADB) has approved a USD 109.97 million (Rs 9.27 billion) results-based loan to support Gujarat鈥檚 efforts to become a global industrial hub by developing a future-ready, skilled workforce.The funding will back the Gujarat skills development programme, led by the Department of Labour, Skill Development and Employment in collaboration with Kaushalya: The Skill University (KSU). The initiative aims to equip the workforce with advanced, industry-aligned skills to meet rising employment demand in high-growth sectors.According to ADB, the programme seeks to strengthen in..
Next Story
SDAL Tests Rudrastra UAV and Bhargavastra Defence System
Solar Defence and Aerospace Limited (SDAL) has successfully completed a key flight test of its indigenous Hybrid VTOL UAV Rudrastra at the Pokharan Firing Range, aligning with Indian Army performance benchmarks for mission adaptability, high endurance, precision engagement, and vertical take-off and landing (VTOL) capability.The trial marks a notable achievement in India鈥檚 Aatmanirbhar Bharat initiative, underscoring advancements in home-grown military technology. The Rudrastra UAV demonstrated a mission radius exceeding 50 km with uninterrupted video relay, a total operational range of over..
