Private Equity PE Fund Investments
Max Estates to buy Acreage Builders for Rs 322-Cr
Source Economic Times (opens in a new tab)BSE Announcement (opens in a new tab)
Publicly listed Max Ventures & Industries Ltd (MaxVIL) will acquire Acreage Builders at an enterprise value of INR 322.50 crore as part of its strategy to expand its real estate business in Delhi-NCR. Acreage Builders owns 7.15 acres of land at Golf Course Road in Gurugram.
MaxVIL plans to develop a Grade A+ commercial project with a leasable area of 1.6 million square feet on this land parcel, marking its entry into Gurugram real estate market. It already has a presence in Noida and Delhi property markets.