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Business Standard

Max Estates sells Rs 4,100 cr worth properties within 1 month in Gurugram

Realty firm Max Estates Ltd has sold residential properties worth Rs 4,100 crore in the last one month at its new project in Gurugram. Max Estates launched its first residential project in Gurugram named 'Estate 360' on August 27. "Within 30 days of the launch, Estate 360 has garnered a pre-sales booking value of around Rs 4,100 crore surpassing the guidance of around 4,000 crore provided by the company for FY'25," Max Estates said in a statement. With this successful launch, Max Estates has revised the guidance for the total Gross Development Value potential of this project to Rs 4,800 crore in FY25. The project is located at Sector 36A, Dwarka Expressway, Gurugram. The project will also have flats for seniors to be managed by Antara Senior Living with a dedicated healthcare centre open to all residents of the community. Max Estates is the real estate arm of the Max Group.

The Economic Times

Max Estates reports Rs 4,100 crore pre-sale from Gurgaon project

Max Estates Limited has reported Rs 4,100 crore pre-sale from its first residential development in Gurugram. The company has revised its guidance for the total Gross Development Value potential of Estate 360 to Rs 4,800 crore in FY25. The project includes senior living residences and sustainability best practices.

Business Line

Max Estates’ Gurugram project nets ₹4,100 crore in pre-sales, stocks surge

Estate 360, located in Sector 36A on Dwarka Expressway, is designed as an intergenerational residential community with six residences

CNBC TV18

Max Estates' Gurugram project witnesses pre-sales booking value of ₹4,100 crore within 30 days of launch

Max Estates Share Price | The company said it has already received a collection of ₹400 crore. With the successful launch of Estate 360, the company has revised its guidance for the total gross development value potential of the project from ₹4,000 crore to ₹4,800 crore in FY25.

CNBC TV18

Max Estates shares gain as New York Life Insurance completes ₹319 crore investment

Max Estates Share Price | In an exchange filing, Max Estate said that it has received ₹391 crore from the US-based insurer for the acquisition of the stake in Max Towers and Max House, located in Noida and Delhi. With this, the acquisition, announced in May this year, is now complete.

Business Standard

Max Estates achieves full occupancy for its office space 'Max House Phase 2' in New Delhi

Max Estates announced that Max House Phase 2, its premier commercial offering located in the heart of New Delhi, has achieved an impressive milestone of lease commitment for 100% of its space in less than a year of receiving its Occupancy Certificate.

Business Standard

Max Estates raises Rs 800 cr via QIP

The real estate developer announced that it has raised Rs 800 crore through a qualified institutional placement (QIP) at a floor price of Rs 628.74 per share.

Business Standard

Max Estates shares rise over 3% on successfully raising Rs 800 cr from QIBs

Max Estates share price moved up after the company on Tuesday announced that it has successfully raised Rs 800 crore allotting equity shares to 25 qualified institutional buyers (QIBs)

CNBC TV18

Max Estates raises ₹800 crore through its institutional share sale; These funds participated

Sources said that Max Estates was to utilise the proceeds from the QIP for the acquisition of land, interest in land and or land development rights.

CNBC TV18

2 real estate companies have raised ₹5,800 crore via QIPs, CNBC-TV18 learns

Shares of Max Estates Ltd ended at ₹673.45, down by ₹8.90, or 1.30%, and Prestige Estates Projects Ltd ended at ₹1,816.00, up by ₹91.75, or 5.32%, on the BSE.

Business Standard

Max Estates launches QIP, plans to raise Rs 800 cr for business growth

Realty firm Max Estates plans to raise Rs 800 crore by selling equity shares to institutional investors for the growth of business. In a regulatory filing on Thursday, Max Estates informed that an Investment and Finance Committee of the board approved launch of Qualified Institutional Placement (QIP) issue. The panel also approved the floor price for the issue at Rs 628.74 per equity share. According to sources, all major domestic mutual fund companies have participated in the QIP issue. The company would utilise the fund to acquire land in Delhi-NCR, they added. According to the notice of the 8th Annual General Meeting (AGM) of the members of Max Estates Ltd, the company plans to raise up to Rs 800 crore. "The company anticipates certain growth opportunities in its existing line of business," Max Estates said. The company said it continues to evaluate various growth avenues, including land acquisition. Max Estates proposed to raise funds aggregating up to and not exceeding Rs

CNBC TV18

Max Estates looks at raising up to ₹800 crore via QIP: Sources

Max Estates Share Price | The company will utilise the proceeds from the QIP for the acquisition of land, interest in land and or land development rights, sources said.

Business Standard

Max Estates gains as board to mull raising upto Rs 150 cr

Max Estates rose 2.06% to Rs 679.60 after the company announced its board will meet on Saturday, 31 August 2024 to consider raising of funds up to Rs 150 crore.

The Economic Times

Student housing company The Hive Hostels raises Rs 11.5 crore in pre-IPO funding

Luxury student housing firm The Hive Hostels, operating in over 10 Indian cities, has secured Rs 11.5 crore in pre-IPO funding. Key investors included Shriram Madhav Nene and Max Estates CEO Sahil Vachani. The funds will develop Aurus, a luxury extension, ahead of an IPO planned for next year.

Mint

Breakout stocks to buy: Max Estates to Strides Pharma — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy today: Sumeet Bagadia has recommended five shares to buy today — Rane (Madras), Innova Captab, Max Estates, Sarda Energy & Minerals and Strides Pharma Science.

The Economic Times

Max Estates receives Noida authority's approval to overtake ‘Delhi One’ project, to pay Rs 613 crore

In February 2023, the National Company Law Tribunal (NCLT) approved the resolution plan of Max for the development of a commercial plot measuring 34,697 square meters in Noida under the project name ‘Delhi One’.