Max Estates, the real estate arm of Max Ventures and Industries Ltd., stated in a regulatory filing that it plans to commence construction of its first luxury housing project in Noida by the third quarter of 2023. The company aims to complete the project within a timeframe of 48-60 months. Three towers, encompassing a total of 201 homes, will be built simultaneously, with construction beginning in September.
According to the filing, the project has achieved pre-formal launch sales surpassing INR 1,800 crore. It is registered with the Uttar Pradesh Real Estate Regulatory Authority and currently consists of a single phase comprising three residential towers.
There is a possibility of expanding the project with a second phase for future group housing development, contingent upon the availability of floor area ratio on a purchasable basis, subject to approval from the relevant competent authority or government. The project is situated on a 10-acre plot in Sector 128 of Noida.
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