Max Estates Approves ₹420 Crore Deal for 84.7 Acres in Delhi

New Delhi, August 28, 2026: Max Estates has approved the acquisition of nine land-owning companies that collectively hold around 84.7 acres in Sector 3, Najafgarh, Delhi.

The acquisition will be completed through a non-cash share swap. Max Estates will issue up to 70.33 lakh equity shares at ₹597.50 per share, valuing the transaction at up to ₹420.23 crore.

The acquired land has an estimated development potential of 4–6 million sq ft and is expected to strengthen Max Estates’ long-term residential pipeline in Delhi. The company said the acquisition aligns with opportunities emerging from the Delhi Master Plan 2047 and its land-pooling framework.

The transaction will mark Max Estates’ entry into the Delhi residential market, expanding its presence beyond Noida and Gurugram.

The deal is subject to shareholder and regulatory approvals. Max Estates has proposed an Extraordinary General Meeting on September 24, 2026, and expects to complete the transaction by October 9, 2026, subject to required approvals.

Why it matters: The acquisition gives Max Estates a large development platform in Delhi without an upfront cash outflow, while adding significant future housing development potential to its NCR portfolio.