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Max Estates Ltd has launched a residential project, 'Estate 105', in Sector 105, Noida, with an estimated gross development value (GDV) of INR 3,000 crore for the first phase. The development is part of a larger 10.33-acre planned community and will comprise 270 residential units across two towers. The company indicated that the GDV reflects the expected sales value of units offered within the initial phase. The launch adds to Max Estates, portfolio in the Delhi-NCR region, where it continues to expand its residential presence. The project comes amid ongoing activity in the Noida housing market, driven by demand for organised residential developments.
Max Estates Ltd has launched a new residential project, 'Estate 105', in Sector 105, Noida, with the first phase of the development estimated to generate a gross development value (GDV) of approximately INR 3,000 crore, according to a regulatory filing made in the past week. The project forms part of a larger 10.33-acre planned residential community in the National Capital Region. Advertisement
The initial phase of the development will comprise 270 residential units spread across two towers, indicating a relatively low-density configuration within the overall project layout. The company stated that the estimated GDV represents the total expected sales value of the residential units being offered in this phase.
Located in Sector 105, Noida, the project is positioned within an established residential and commercial corridor that has witnessed steady real estate activity in recent years. The area benefits from connectivity to key parts of Noida and Delhi, making it a preferred location for residential developments targeting urban homebuyers.
The broader development spans over 10.33 acres and is planned as an integrated residential community. While the current launch focuses on the first phase, the overall project is expected to be executed in stages, in line with market demand and development timelines.
Max Estates, established in 2016, operates primarily in the Delhi-NCR region and has been expanding its presence in both residential and commercial real estate segments. The company has been focusing on developing projects in key micro-markets within Noida and Gurugram, catering to demand from both end-users and investors.
The launch of 'Estate 105' comes at a time when the Noida residential market continues to witness traction, supported by infrastructure development, improved connectivity, and increasing interest in organised housing projects. Developers in the region have been introducing projects across various segments to cater to evolving buyer preferences.
The estimated GDV of INR 3,000 crore for the first phase indicates the scale of the project and its potential contribution to the company's future revenue pipeline. As the development progresses, subsequent phases are likely to add to the overall value of the project, depending on the mix of residential units and market conditions.
The addition of new housing supply in Sector 105 reflects continued developer interest in Noida as a key residential market within the NCR, with projects being planned to align with demand for integrated and planned communities.
Source - PTI
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