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Based in Sector 128, Noida, Estate 128 is built across 10 acres, with 3 high rise towers having 201 units. 'The Hub at Estate 128', admeasuring approximately 46,000 sq. ft. encompasses state of the art indoor and outdoor amenities including swimming pool, spa, sports facilities, multipurpose hall, dining, among others.

Sahil Vachani, MD & CEO of MaxVIL, said, “We are truly humbled by the trust consumers have placed in Max Estates. Our stated aspiration is to scale the portfolio by at least 1 million square feet each in residential and commercial asset classes every year across Delhi-NCR and become the most preferred developer in the region. With approval of amalgamation of MaxVil and Max Estates Limited (MEL), MEL will get listed as pure play real estate company resonating well with our aspiration.'

Max Estates Limited is the real estate arm of the Max Group and a wholly owned subsidiary of Max Ventures. It aims to create, build and operate Grade A+ office spaces in Delhi-NCR. The company has also forayed into the residential segment with its first project planned to be developed in Noida.

Max Ventures and Industries (MaxVIL), a part of the leading Indian multi-business conglomerate Max Group, owns and operates a real estate business through its 100% subsidiary, Max Estates. MaxVIL also has a real estate services & management company - Max Asset Services.

The company's consolidated net profit declined 98.81% to Rs 3.80 crore on a 19.29% fall in sales to Rs 23.31 crore in Q4 FY23 over Q4 FY22.

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Max Ventures and Industries' (MaxVIL) real estate arm, Max Estates, has achieved pre-formal launch sales of over Rs 1,800 crore for its first luxury residential project, Estate 128, located in Sector 128, Noida. The project is registered with UP RERA number as UPRERAPRJ446459.

Estate 128 is built across 10 acres, with 3 high rise towers having 201 units anchored in the organisation's LiveWell philosophy. With 80% green spaces and a unique landscape that retraces the 'journey of a river' through multiple terrains, diverse biophilia, and art installations, the development has been designed to encourage engagement and interaction among residents. The project also features large expansive decks in every unit, designed for a bespoke outdoor experience, which provide uninterrupted serene views overlooking the central green landscape, and green belt of the expressway. The amenities in the project are carefully designed for holistic wellbeing. 'The Hub at Estate 128', admeasuring ~46,000 sq. ft. encompasses state of the art indoor and outdoor amenities including swimming pool, spa, sports facilities, multipurpose hall, dining, among others.

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Net profit of Max Ventures and Industries declined 98.81% to Rs 3.80 crore in the quarter ended March 2023 as against Rs 319.34 crore during the previous quarter ended March 2022. Sales declined 19.29% to Rs 23.31 crore in the quarter ended March 2023 as against Rs 28.88 crore during the previous quarter ended March 2022.

For the full year,net profit declined 95.48% to Rs 17.53 crore in the year ended March 2023 as against Rs 387.68 crore during the previous year ended March 2022. Sales rose 6.31% to Rs 107.34 crore in the year ended March 2023 as against Rs 100.97 crore during the previous year ended March 2022.

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Max Ventures & Industries will hold a meeting of the Board of Directors of the Company on 19 May 2023.

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