Max Estates Ltd (MAXESTATES) — Announcement | 23 September 2026

Max Estates announced a binding MoU for a joint development agreement on a 9.76-acre land parcel in Ghaziabad, targeting a gross development value of INR 2,500-3,000 crore and approximately 1.5 million sq ft of super built-up area. The project is subject to due diligence, regulatory approvals, and final layout finalization. This marks the company's expansion beyond Noida and Gurugram into Ghaziabad, aligning with its strategy to grow its NCR footprint through capital-light partnerships. The initiative underscores potential revenue diversification and long-term value creation for shareholders through high-growth urban development opportunities.