Max Estates Ltd Share Price

History of Max Estates Ltd

Max Estates Limited is the real estate development arm of the Max Group. Established in 2016, the Company offer spaces for Residential and Commercial use with utmost attention to detail, design and lifestyle. Presently, Company is engaged in the business of Real Estate Development. Max Group is a leading Indian business house with interests over time in Telecommunication, Life Insurance, Health Insurance, Healthcare, Packaging Films, Real Estate and Senior Living. The Group was founded in 1982 by its founder, Mr. Analjit Singh, a leading visionary, entrepreneur, and philanthropist. Today, Max Group's portfolio houses Max Life, which is the fourth largest life insurance company in India; Max Estates, a real estate development company with focus on premium residential and commercial offic ...e spaces in Delhi NCR; and, Antara Senior Care, India's only integrated senior care ecosystem, with ventures across senior living residences, care homes, care at home and medical products for seniors. In 2016, the Company launched Dehradun, maiden residential project of Max Estates Limited. In 2017, it acquired Wise Zone Builders Pvt Ltd. It completed the first residential development project, 222 Rajpur, in Dehradun in the year 2018. During FY 20, the Company started construction of commercial project in Delhi, 'Max House', Okhla. Duirng the year 2019-20, the Company incorporated Northern Propmart Solutions Limited as its wholly owned subsidiary effective on June 24, 2019. The Company further acquired 85.17% shareholding of Pharmax Corporation Limited from Max India Ltd on Novemeber 25, 2019.Further, in terms of the partnership between New York Life and the Company, 49% equity share capital of Northern Propmart Solutions Limited was allotted to New York Life Insurance Company on March 18, 2020. During FY 2021, the Company delivered its first office project in Delhi, Max House. In addition, it started the process for approval of Phase 2 of the Max House development. In Noida, it achieved nearly 90%+ occupancy at Max Towers and kickstarted the construction of MaxSquare, its upcoming commercial development on the Noida Expressway. In FY 2022, the Company started the construction of Phase 2 of the Max House development. In 2023, it launched Max Estates-128 first residential project in Noida. The Company launched its third commercial office development, Max Square in February, 2023. After successful commercial developments in Delhi and Noida, Max Estates expanded its footprint to residential developments and launched its first premium residential project in Delhi NCR with the acquisition of a ~10-acre land parcel in Noida. The first residential development, Estate 128 was launched in 2023. Additionally, the first project in Gurgaon was acquired via 7.15-acre commercial land parcel on Golf Course Extension Road, in FY24. The Company also acquired a ~4-acre commercial land parcel in Sector 129, Noida, adjacent to Max Square, Noida, enabling a campus-style development focusing on retail amenities. It ventured into the first residential real estate in Gurgaon through a joint development of a ~12-acre land parcel in Sector 36A in FY 2024. By executing a Share Purchase Agreement in January 2024, Company acquired 100% equity share capital of Astiki Realty Private Limited and also incorporated a wholly owned subsidiary, 'Max Estates Gurgaon Two Limited,' on January 3, 2024. Max Ventures and Industries Limited (MVIL) got merged with and into the Company through Scheme of Arrangement for Amalgamation and made it effective on July 31, 2023 in FY 2023-24. Accordingly, the entire business undertaking of Max Ventures and Industries Limited was transferred to the Company with effect from April 01, 2022. In accordance with the Scheme, Company has allotted 14,71,34,544 equity shares of Rs 10 each to the shareholders of MVIL on August 11, 2023 in the ratio of one equity share of the Company for every one equity share of MVIL. In FY 2025, the total development portfolio of the Company grew from 8 million square feet to over 17.1 million square feet, across Noida, Gurugram, and Delhi. Company evolved from managing one project to overseeing four operational assets, four under construction, and three in design. It acquired prime land and development rights across Delhi.