Real Estate Transactions

Max Estates acquires Accord Hotels' 10 acres in Noida for Rs.306-Cr

Business Line  

Max Estates Ltd, Max Group's realty arm, will acquire 100% equity in Accord Hotels and Resorts Pvt Ltd for INR 306 crore. Accord Hotels holds a land parcel of around 10 acres in Sector 128, Noida, which will enable Max Estates to develop a mixed-use residential community. This project has a saleable area of around a million sq ft and will be developed in multiple phases with a total sale potential of over INR 1,300 crore. It will cater to the premium end of the residential market.

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