Latest news with #MaxEstates
Business Standard
06-06-2025
- Business
- Business Standard
Max Estates gains after board approves related party transaction with ASLL
Max Estates rose 1.33% to Rs 522.50 after its board approved a material related party transaction between Max Estates Gurgaon Two (Developer), a wholly-owned subsidiary, and Antara Senior Living (ASLL), a wholly-owned subsidiary of Max India. ASLL is a listed entity and part of the same promoter group. The transaction, which falls under related party guidelines, is in line with the strategic interests of the company and its affiliated entities. Max Estates has announced plans for its upcoming LiveWell development in Sector 36A, Gurugram, spanning approximately 18 acres with a total development potential of around 4 million square feet. As part of the project, approximately 1 million square feet will be dedicated to senior living and associated facilities/amenities, which will be managed by Antara Senior Living Limited (ASLL). ASLL, a pioneer in Indias senior living sector, is the only integrated Senior Care ecosystem in the country. The LiveWell development will be located adjacent to Estate 360, Max Estates first intergenerational development of its kind in the National Capital Region (NCR). ASLL will manage the dedicated Senior Living Residences and related spaces in an upcoming development, focusing on fostering thriving communities where every resident feels valued, healthy, and enriched. The development will feature Antaras residential living experiences, assisted care solutions, and products tailored to meet the diverse needs of senior citizens. As part of this arrangement, ASLL will receive a fee from the Developer amounting to 9.5% of the net sales revenue generated from purchasers of the senior living project, excluding applicable taxes. The estimated fee payable for the financial year 2026 is expected to be up to Rs 20 Crores, excluding taxes. Max Estates is the real estate arm of the Max Group. The company develops premium commercial and residential spaces in Delhi NCR. The company has developed a very well diversified portfolio of real estate across the two asset classes in Delhi NCR and in this pursuit has partnered with New York Life Insurance Company (NYL) particularly for commercial office platform. The company reported consolidated net profit of Rs 17.34 crore in Q4 FY25 as against net loss of Rs 1.45 crore in Q4 FY24. Net sales jumped 32.6% year on year to Rs 39.78 crore in Q4 FY25.
Time of India
24-05-2025
- Business
- Time of India
Analjit Singh transfers Lutyens' Delhi bungalow to Vstar Ventures in ₹152 crore internal deal
Max Group 's Analjit Singh has transferred a prime 2,140 sq metre bungalow in Lutyens' Delhi 's APJ Abdul Kalam Road to Vstar Ventures for Rs 152 crore in a private transfer that's part of a broader reorganisation within the family's business interests. The property was sold by Delhi Guest Houses Pvt Ltd to Vstar Ventures. Both firms are owned by Analjit Singh. Sahil Vachani—Vice Chairman and Managing Director of Max Estates , and Singh's son-in-law—represented Vstar Ventures in the deal. Vachani and his wife, Tara Singh Vachani, Executive Chairperson of Antara Senior Living, are both directors in the company. 'The transfer of the property is part of an internal family reorganisation carried out pursuant to a family settlement that was previously disclosed publicly earlier this year. We would like to clarify that this is a private transaction, and none of the listed entities within the Max Group are involved,' a spokesperson for Analjit Singh said in a statement. Earlier this year, Singh bought out estranged spouse Neelu Analjit Singh's 24.1% stake in his holding company as part of the same family settlement. Post-settlement, he gained full ownership of Max Ventures and Investment Holding, which holds significant stakes in listed entities Max Financial, Max Estates, and Max India. Documents accessed by The Economic Times show that Rs 11.7 crore was paid as stamp duty and corporation tax for the transaction, which was registered earlier this month. Located in the heart of India's power corridor, the Lutyens' Bungalow Zone (LBZ) spans 28 sq km and houses around 3,000 bungalows, primarily occupied by ministers, judges, and senior government officials. Roughly 600 properties in the area are privately owned by some of India's wealthiest individuals. Designed by British architect Edwin Lutyens between 1912 and 1930, the LBZ remains one of the most exclusive and expensive real estate zones in the country. The transaction adds to a string of high-value deals in the LBZ, underscoring continued demand for trophy assets in India's most prestigious neighbourhood.
Time of India
23-05-2025
- Business
- Time of India
New York Life Insurance Company to invest Rs 550 crore across two projects of Max Estates in Noida
New York Life Insurance Company (NYL) has signed an MOU committing Rs 550 crore across two projects of Max Estates in Noida, according to regulatory filing by the company. Post this investment, NYL's cumulative commitment stands at Rs 1,800 crore. Max Estates has delivered pre-sales bookings of over Rs 5300 crore in FY25, surpassing its full year guidance and a 300% growth over FY24. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Las Pinas Unsold Cars In 2024 Are Almost Donated. See Price SUV Deals | Search Ads Search Now Undo It plans to deliver pre-sales of Rs 6,000-6500 crore in FY26, a 15-20% growth over FY25 and has a pipeline of over 7 million sq ft with gross development value of Rs 14,000 crore, to be launched in FY26 and FY27. Company's commercial portfolio is poised for an annuity rental income potential of over Rs 700 crore over the next 5 years. Live Events 'The real estate market in Delhi NCR is poised for robust and sustained growth with large-scale infrastructure enhancements accelerating urbanization and significantly boosting the region's attractiveness as a premier hub for both residential and commercial experiences. We are confident that both housing and office space demand will remain strong,' said Sahil Vachani, Vice Chairman & MD of Max Estates. Max Estates has received the final approval from the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) for revival of the 'Delhi One' project in Sector 16B, Noida which is to be designed as a luxury mixed-use development. The project spans approximately 2.5 million sq ft of development within the 10-acre land parcel (constituting 34,696 sq. mt. area). This project, planned to be launched in Q3 FY26, has a Gross Development Value (GDV) potential of Rs 2,000 crore as well as annuity income potential of Rs 120 crore. Max Estates has acquired 10.33 acre of prime land in Sector 105 on Noida-Greater Noida Expressway for Rs 711 crore with 2.6 mn sq. ft. with a mix of Residential and Commercial in a 40:60 ratio. The project has a Gross Development Value (GDV) potential of Rs 3,000 crore and an annuity rental Income potential of Rs crore. Max Estates has completed the acquisition of the three floors in Max Towers, Noida from Max India Limited at a value of Rs 105.08 crore. The said acquisition will support the company's strategy to consolidate ownership in Max Towers. Company's debt as on March 2025 stood at Rs 1,350 crore, including LRDs of Rs 852 crore.
Time of India
23-05-2025
- Business
- Time of India
Max Estates posts net profit of ₹13.99 crore in Q4 FY25
NEW DELHI: Max Estates has reported net consolidated profit after tax of ₹13.99 during the quarter ended March 31, 2025. It had registered loss after tax of ₹4.73 in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹77.30 crore in Q4 FY25, a growth of 100.52 per cent from ₹38.55 crore it recorded in the similar quarter last year. Sahil Vachani , vice chairman & MD of the company said, "In FY25, we exceeded our full-year guidance, achieving pre-sales booking value of over ₹5,300 crore. We plan to deliver pre-sales bookings of ₹6,000-6,500 crore in FY26, a 15-20% growth over FY25." Estate 128, Noida (Phase 1 and Phase 2), having booked ₹2,700 crore pre-sales (100% sold) has collected ₹628 crore till date. Estate 360, Gurugram, recorded a pre-sales booking value of ₹4,428 crore with 92% of the project sold. This project has already received a collection of ₹807 crore as of March 2025. Max Estates' joint development on a land parcel of 18.23 acres, having a development potential of four million sq ft and a gross development value (GDV) potential of ₹9,000 crore, is planned to be launched in Q2 FY26. The company has a launch pipeline of over seven million sq ft with GDV potential of over ₹14,000 crore to be delivered in FY26 and FY27. The company aspires to add at least two million sq ft in the residential segment every year. It has received the final approval from the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) for revival of the 'Delhi One' project in Sector 16B, Noida. The project spans approximately 2.5 million sq ft of development within the 10-acre land parcel. This project, planned to be launched in Q3 FY26 and has a GDV potential of over ₹2,000 crore as well as annuity income potential of INR 120 crore. New York Life Insurance Company (NYL) recently signed a memorandum of understanding (MOU) committing ₹550 Crore across its two projects - sector 105, Noida project and Delhi One project. Post this investment, NYL's cumulative commitment stands at ₹1,800 crore. The company has acquired 10.33 acre of land in Sector 105 on Noida-Greater Noida Expressway for ₹711 crore with 2.6 million sq ft of development. The project has a GDV potential of over ₹3,000 crore and an annuity rental income potential of ₹140 crore. It has completed the acquisition of the three floors in Max Towers, Noida from Max India at a value of ₹105.08 crore. Overall commercial portfolio is poised for an annuity rental income potential of over ₹700 crore over the next five years. Debt as on March 31, 2025 stood at ₹1,350 crore, including LRDs of ₹852 crore. Max Estates' share of debt is ₹824 crore. Cash & Cash Equivalents as on March 2025 stood at ₹1,785 crore.
Business Standard
23-05-2025
- Business
- Business Standard
Max Estates reports consolidated net profit of Rs 17.34 crore in the March 2025 quarter
Sales rise 32.56% to Rs 39.78 crore Net profit of Max Estates reported to Rs 17.34 crore in the quarter ended March 2025 as against net loss of Rs 1.45 crore during the previous quarter ended March 2024. Sales rose 32.56% to Rs 39.78 crore in the quarter ended March 2025 as against Rs 30.01 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 40.81 crore in the year ended March 2025 as against net loss of Rs 42.16 crore during the previous year ended March 2024. Sales rose 72.68% to Rs 160.49 crore in the year ended March 2025 as against Rs 92.94 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 39.7830.01 33 160.4992.94 73 OPM % 22.7826.02 - 27.6619.12 - PBDT 30.032.15 1297 71.722.11 3299 PBT 21.28-6.31 LP 37.62-23.29 LP NP 17.34-1.45 LP 40.81-42.16 LP
