Max Estates Limited has informed the Exchange regarding a press release dated March 07, 2026, titled "Max Estates Brings Relief to Delhi One Homebuyers After 9 Long Years, Key Approvals Secured, Construction to commence shortly at Max One".
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Awaiting price reaction for this filing.
Max Estates has received RERA registration (UPRERAPRJ9759) for Max One, a ~10-acre mixed-use development in Sector 16B, Noida, with ~2.5 million sq ft of built-up potential. This project revives the stalled Delhi One development, where homebuyers had been waiting for nearly 9 years after the original developer's insolvency. Max Estates acquired Boulevard Projects Private Limited (BPPL) last year to take over the project. The project is expected to generate total sales potential of ~INR 2,000 crore plus annuity rental income potential of ~INR 120 crore, featuring ultra-luxury serviced residences, premium offices, curated retail, and an invite-only club. Construction is set to begin shortly, positioning this as a flagship integrated campus near the Delhi-Noida border.
Positive for shareholders: securing RERA approval is a critical milestone that de-risks the project and unlocks the ~INR 2,000 crore revenue pipeline, providing visibility on near-term bookings and future rental income. The revival narrative and commencement of construction could boost investor sentiment and support the stock price.