MAX ESTATE TO JOINTLY DEVELOP 9.76-ACRE PROJECT IN GHAZIABAD

has entered into a binding Memorandum of Understanding (MOU) for a proposed joint development agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad, with an estimated gross development value (GDV) of ₹2,500-3,000 crore. The proposed project has a super built-up development potential of approximately 1.5 million sq ft. The transaction will be structured on a capital-light basis, with the landowner compensated through a revenue-sharing arrangement. The transaction will mark the company's entry into Ghaziabad, expanding its NCR presence beyond Noida, Gurugram and Delhi. The company's share price has surged over 60% in the last two months, thereby showing a strong buying interest in the stock.