Max Estates Limited has informed the Exchange about approval of the material related party transaction between Max Estates Gurgaon Two Limited ( Developer ), a whollyowned subsidiary of the Company and Antara Senior Living Limited ( ASLL ), a wholly ownedsubsidiary of Max India Limited, another listed Company forming part of the same PromoterGroup.
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Max Estates' board has approved a material related party transaction between its wholly-owned subsidiary Max Estates Gurgaon Two Limited and Antara Senior Living Limited (ASLL), a subsidiary of Max India Limited, part of the same promoter group. ASLL will manage the senior living portion (~1 million sq ft) of Max Estates' upcoming ~18-acre LiveWell development in Sector 36A, Gurugram, which has a total development potential of ~4 million sq ft. ASLL will receive a fee of 9.5% of net sales revenue from the senior living project, with estimated fees for FY26 of up to ₹20 crore (excluding taxes). This project is adjacent to Max Estates' Estate 360 development, NCR's first intergenerational project.
This formalizes a strategic collaboration within the promoter group to add a senior living vertical to Max Estates' Gurugram project, potentially enhancing project value and differentiation. For shareholders, this is a routine related party transaction disclosure and not expected to materially move the stock, though it strengthens the company's multi-format real estate positioning.