Stories
Max Estates to Develop 9.76-Acre Ghaziabad Land, Eyes ’2,500-3,000 Crore GDV
C
CNBC TV18•23-09-2026, 20:22
Max Estates to Develop 9.76-Acre Ghaziabad Land, Eyes ’2,500-3,000 Crore GDV
- •Max Estates Ltd announced a Joint Development Agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad.
- •The project has an estimated Gross Development Value (GDV) opportunity of ’2,500-3,000 crore.
- •The proposed development offers a super built-up potential of approximately 1.5 million square feet.
- •The transaction is structured on a capital-light basis, with revenue-sharing for the landowner.
- •This marks Max Estates' entry into Ghaziabad, expanding its NCR footprint beyond Noida, Gurugram, and Delhi.
Key Questions Answered
Max Estates eyes an estimated ₹2,500-3,000 crore gross development value (GDV) opportunity for its new Ghaziabad land parcel development.
The transaction will be structured on a capital-light basis, with the landowner to be compensated through a revenue-sharing arrangement, subject to due diligence, approvals, and the execution of a Joint Development Agreement.
The proposed development in Ghaziabad has a super built-up development potential of around 1.5 million square feet.
