Archive · 29 Aug 2026
Max Estates enters West Delhi with ₹10,000-crore housing plan
Max Estates is a company that builds real estate projects.
It bought control of nine companies that together own a large piece of land in West Delhi.
The land covers about 85 acres.
Instead of paying cash, Max Estates will give the sellers shares in the company.
The land could support several million square feet of construction.
The company expects the project to bring in ₹10,000–12,000 crore in revenue.
It plans to build homes, shops and community facilities there.
This deal gives Max Estates its first residential project in Delhi and helps it prepare for future growth.
Max Estates acquired 84.71 acres in West Delhi through a ₹420.2-crore share-swap transaction.
The land is expected to generate 4–6 million square feet of developable area.
The project has an estimated revenue potential of ₹10,000–12,000 crore.
Max Estates will issue about 70 lakh equity shares at ₹597.50 each instead of paying cash.
The planned development will combine residential, retail, social and community infrastructure.
- Who
- Max Estates Limited acquired nine promoter-owned land-holding companies; Sahil Vachani commented on the deal.
- What
- The company agreed to acquire 100% stakes in the nine companies through a share-swap transaction.
- When
- The agreement was announced on Saturday.
- Where
- The 84.71-acre land parcel is in West Delhi.
- Why
- Max Estates said it needs more developable land to support its residential launch pipeline and future presales growth.
- Land acquired
- 84.71 acres in West Delhi
- Transaction value
- Approximately ₹420.2 crore
- Payment structure
- Non-cash share swap
- Shares to be issued
- About 70 lakh equity shares at ₹597.50 each
- Estimated developable area
- 4–6 million square feet
- Estimated revenue potential
- ₹10,000–12,000 crore
- Planned development
- Integrated mixed-use project with residential, retail, social and community infrastructure