Max Estates Limited

Management Discussion & Analysis

Company Overview

Max Estates Limited (Max Estates) was established in 2016 with a vision to bring the Max Group’s values of Sevabhav, Excellence and Credibility to the Indian real estate sector, which continues to face a significant trust deficit owing to unscrupulous practices, lack of transparency and inadequate regulatory oversight. In addition, the sector also continues to be a laggard in the adoption of digital technology that has the potential to drive operating efficiency and customer experience. Max Estates intends to capitalise on these opportunities, owing to the widespread acceptance and recognition of the Max brand, as well as its track record in innovation and execution quality.

Over the last few years, Max Estates has demonstrated end-to-end expertise across the real estate value chain including sourcing new opportunities, liaisoning, project execution, asset management and operations. Our current portfolio is targeted to expand at 0.5 to 1 mn sq. ft. per year for the next 3 years.

Our flagship development, Max Towers has been a testimonial for Max Estates’ capabilities. Max Estates was able to bring the project out of distress, demonstrating a sound understanding and capability of the real estate licensing and regulatory apparatus. Further, Max Estates completed the project within tight timelines and budget. Nearly 60% of the total building was leased within the first year of its launch at a 25-30% premium to the prevalent rental in its micro-market.

Max Towers, a Grade A LEED platinum commercial office development, stands tall at the entrance of Noida on the Delhi-Noida Direct flyway

Further, it has attracted an enviable tenant profile primarily from the central business districts of New Delhi and in turn has redefined the commercial real estate landscape of Noida in terms of product quality, tenant profile and rental realisation. Max Towers is a LEED Platinum Green building, setting the bar for sustainable development in the office space sector.

At Max House, Phase 1 of the development is in progress. Factoring in some delays due to the lockdown, the first phase is now expected to be completed and ready for handover to potential tenants in Q2 of FY 21.

Download

Annual Report 2019 - 2020