Max Estates Secures 5.5-Acre Mixed-Use Land Parcel In Sector 132, Noida
New Delhi, November 6, 2026: Max Estates Limited, along with minority consortium partners, has been allotted a 5.5-acre plot in Sector 132, Noida, following an e-auction conducted by the New Okhla Industrial Development Authority (NOIDA), according to a press release issued by the company. The winning bid value for the land parcel stands at approximately Rs 272 crore.
Under NOIDA’s scheme terms, 40% of the bid amount is payable within 60 days of allotment, with the remainder structured in installments over four years. The plot carries a permissible Floor Area Ratio (FAR) of 2.0, providing approximately 5 lakh sq. ft. of FAR potential. Subject to regulatory approvals, the proposed development will combine residential, commercial, retail, and amenity spaces, generating an estimated Gross Development Value (GDV) of Rs 1,500 crore to Rs 2,000 crore alongside lease income from commercial components.
The acquisition forms part of the company’s “Trunk-and-Branch” land strategy, incorporating smaller, faster-turn parcels alongside larger anchor developments like its 85-acre Najafgarh land parcel. Located within 10 minutes of existing company assets including Max Square, Estate 128, and Estate 105, the addition brings Max Estates’ overall residential and mixed-use GDV pipeline to approximately Rs 31,958 crore.
“This is a strategic addition to our Noida portfolio and reflects the disciplined, opportunistic approach we bring to land acquisition,” said Sahil Vachani, Vice Chairman & Managing Director, Max Estates. “Sector 132 sits at the heart of our core operating cluster, minutes from Estate 128 and Estate 105, and gives us a faster-turn and capital-efficient addition to the portfolio. This win is consistent with our strategy of continuously replenishing a phased, multi-year development pipeline, and we expect it to further strengthen our growth trajectory in the NCR residential and mixed-use market. This is consistent with our growth strategy of building a high-quality portfolio across residential and commercial real estate in Delhi NCR. Subject to completion of NOIDA’s allotment process, we will seek to create a differentiated experience anchored in our focus on design, sustainability, quality and end-user experience, while generating long-term value for all stakeholders.”
