Max Ventures & Industries Limited's real estate subsidiary, Max Estates, has achieved pre-formal launch sales worth over INR 1,800 crores for its inaugural luxury residential project, Estate 128, situated in Sector 128, Noida. The development spans 10 acres and comprises three high-rise towers with 201 units, embodying Max Estates' LiveWell philosophy. Construction is scheduled to commence in Q3 CY2023, with an estimated completion timeline of 48-60 months, complying with RERA guidelines. Max Estates aims to be a leading developer in the Delhi-NCR region, expanding its residential and commercial portfolio each year.
Max Estates, the real estate arm of Max Ventures & Industries Limited (MaxVIL), has achieved exceptional pre-formal launch sales of over INR 1,800 crores for its debut luxury residential project, Estate 128. Located in Sector 128, Noida, Estate 128 has garnered significant attention and garnered the trust of buyers. The project, registered under the UP Real Estate Regulatory Authority (UP RERA) with the number UPRERAPRJ446459, has set new benchmarks in the luxury real estate segment.
Spanning across a sprawling 10-acre land, Estate 128 comprises three high-rise towers with a total of 201 units, all built with a strong focus on Max Estates' LiveWell philosophy. The development embraces nature with approximately 80% green spaces and a meticulously designed landscape that mimics the journey of a river, featuring diverse terrains, biophilia elements, and captivating art installations. The intention is to create an environment that fosters engagement and interaction among residents, encouraging a sense of community and well-being.
One of the standout features of Estate 128 is the inclusion of large expansive decks in every unit, offering a personalized outdoor experience. These decks provide breath taking views of the central green landscape and the green belt of the expressway, allowing residents to connect with nature and find moments of tranquillity. The project's amenities are thoughtfully designed to promote holistic well-being and a high-quality lifestyle. The Hub at Estate 128, spanning approximately 46,000 sq. ft., encompasses state-of-the-art indoor and outdoor facilities such as a swimming pool, spa, sports facilities, multipurpose hall, and dining options, among others.
Over the past 18 months, Max Estates has been diligently building a development portfolio encompassing 8 million square feet of mixed asset classes. Their strategic approach, known as "One region, multiple asset class," has allowed them to diversify their portfolio across Delhi-NCR in terms of geographical footprint, asset types (both commercial and residential), and risk spectrum. The portfolio includes projects that are completed, nearing completion, and in the design phase.
Max Estates remains focused on investing in people, processes, technology, and environmental, social, and governance (ESG) best practices. These investments will enable them to execute projects flawlessly at scale, delivering them on time, within budgeted costs, and with a level of quality that surpasses expectations. With Estate 128's remarkable pre-launch success, Max Estates has demonstrated its ability to captivate the market with its vision, design excellence, and commitment to delivering exceptional living experiences. The project stands as a testament to their dedication to elevating the standards of luxury real estate in the Delhi-NCR region and beyond.
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