PE Fund Investments

Max Estates to buy Acreage Builders for Rs 322-Cr

BSE Announcement   Economic Times  

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.

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