- Relief to homebuyers as Max Estates takes over ˜Boulevard Projects Private Limited (BPPL)` to revive Delhi One project in Noida, after 7 long years of wait. The development is strategically located at the edge of South Delhi.
- Delhi One is an integrated mixed-use development that will host ultra-luxury serviced residences, premium office spaces, curated retail and an exclusive club.
- The project has a ~2.5 mn sq. ft. development potential including sold inventory. The total sales and annuity rental income potential of the project is estimated at INR 2,000+ Crore and INR 120+ Crore respectively.
- Max Estates received final approval from NCLT and NCLAT on February 2023 and October 2024 respectively.
Noida: Max Estates Limited (Max Estates), a leading real estate developer in the NCR, had received the final approval from the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) and now with the successful closure, Max Estates has taken over the Delhi One Project. This marks a significant turnaround for the long-stalled site, bringing relief to homebuyers and unlocking fresh momentum for NCR`s most strategically located integrated campus.
The development of the Delhi One project will consolidate Max Estates` position as a leading premium real estate developer in Noida and NCR. Max Estates will bring its experience and expertise in premium commercial real estate and high end residential real estate to create a state-of-the-art integrated development that will seamlessly host ultra-luxury residences, premium office spaces, curated high street retail and exclusive club facilities.
Situated at the edge of South Delhi and directly connected via the Delhi-Noida-Direct (DND) Flyway, the development is just steps from key metro stations, benefitting from unparalleled connectivity across Delhi NCR. The project spans approximately 2.5 mn sq. ft. of development part of around 10-acre land parcel constituting ~34,696 sq. mt. of area.
Sharing his vision about the development, Sahil Vachani, Vice Chairman and Managing Director, Max Estates, said, We are delighted to announce that Max Estates has taken over Delhi One. We believe that we will provide a world class real estate experience to the residents and office goers of the NCR. We look forward to bringing to life our first integrated campus, weaving Max Estates` philosophy of LiveWell, WorkWell, PlayWell, and EatWell into a holistic downtown experience.
In line with Max Estates` core vision of bringing real wellbeing to real estate, the project is being developed with a strong emphasis on wellbeing. The development will integrate green building practices, energy-efficient systems, and biophilic design to foster a harmonious relationship between residents, professionals, and their surroundings. Art and nature are seamlessly woven into the spatial experience, creating a community that is both inspiring and mindful. The serviced residential offerings would be designed to maximize space, natural light, and comfort while preserving residents` ability to customise the space to suit their unique needs and preferences. On the commercial front, the office spaces would provide flexible layouts equipped with state-of-the-art technology and collaborative zones, catering to both emerging businesses and established enterprises.
Please find the attached Press Release and let me know if you have additional queries .