Max Estates Takes Over Delhi One Project: A Major Boost for Noida’s Commercial Real Estate

                Noida, August 14, 2024: In a major development for Noida’s real estate landscape, Max Estates has secured approval from the Noida Authority to take over the Delhi One commercial 
project, located in Sector 16B, Noida. This move is set to infuse fresh momentum into the troubled project, which was initially launched by the 3C Group but encountered financial 
challenges and insolvency.

Max Estates has committed to paying Rs 613 crore to the Noida Authority to acquire the project, including interest on previous dues. This acquisition is a significant win for Max Estates, 
marking a pivotal expansion of their commercial portfolio.

The Delhi One project’s revival under Max Estates’ stewardship promises to enhance the commercial real estate landscape in Noida, potentially adding substantial value to the area. This 
takeover underscores Max Estates’ commitment to contributing positively to the region's development and addressing past financial issues with a forward-looking approach.

The successful acquisition of the Delhi One project represents a strategic move for Max Estates, reinforcing their position in the real estate market and highlighting their capability to 
manage and revitalize large-scale commercial projects.
Source: Economic Times Realty