Max India Limited has informed the Exchange regarding a press release dated May 27, 2026, titled "Antara Senior Care receives occupancy certificate for its community in Noida Sector 150 (Phase 1), paving the way for resident possession".
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Antara Senior Care's joint venture company Contend Builders has received a partial Occupancy Certificate for Phase 1 of its senior living community in Noida Sector 150, covering 3 towers and 340 units. This allows 340 senior families to receive possession of their homes. The milestone unlocks approximately ₹150 crore in previously contingent receivables. Phase 1 spans about 7.45 lakh sq. ft. with total revenue of around ₹550 crore, while Phase 2 covers 4.55 lakh sq. ft. and is expected to generate ₹800 crore. The OC was delayed due to sector-wide requirements for shared sports facilities, and the company pursued the matter through Noida Authority and the Supreme Court to prove full compliance.
Positive development for shareholders as it enables realization of ₹150 crore in receivables and brings ₹550 crore in Phase 1 revenue closer to completion, while setting the stage for Phase 2 generating ₹800 crore.