The company further said that the landowner would be compensated through a revenue-sharing arrangement.

The proposed land parcel would have a super built-up development potential of nearly 1.5 million square feet. and is estimated to host a gross development value (GDV) of Rs 2,500-3,000 crore.

The proposed transaction shall be subject to satisfactory completion of due diligence, receipt of all requisite approvals and execution of the JDA.

The land is Located along National Expressway-3 with a buffer green belt, nearly 15 minutes drive from Akshardham Temple, and overlooking the green buffer zone of the Hindon River, with superior connectivity from both Delhi and Noida.

Max Estates is a leading Real Estate developer in the NCR region. The company has developed a very well diversified portfolio of real estate across the two asset classes in Delhi NCR.

The company’s consolidated net profit declined 58.08% YoY to Rs 4.8 crore in Q1 FY27. Net sales rose 0.85% YoY to Rs 51.91 crore in Q1 FY27.