Max Estates has taken over the ‘Delhi One’ project in Sector 16B, Noida, which was launched by Boulevard Projects Private Limited (BPPL). The Max estates acquired 100% of the equity of BPLL after they declared insolvency. Over 288 homebuyers who had already invested will now find relief after a 7-year deadlock.

The Delhi One project is spread over 12.5 acres. The project was launched in 2014 and was a mixed-use property expected to feature premium residences, office spaces, retail spaces, and an exclusive clubhouse upon completion.

Max Estates will invest 1400 crores in total and will incorporate green building techniques and customizable layouts in the project. This amount includes the amount of 613 crores in old debts that will be cleared over the next three years, including interest.

Max Estaes got the approvals from NCLT (National Company Law Tribunal) in February 2023, followed by the National Company Law Appellate Tribunal (NCLAT) in October 2024. This has allowed Max Estates to legally acquire the project and proceed with its revival.

With a development potential of 2.5 million sq. ft., the project is expected to generate sales worth 2,000 crore and annual rental income of 120 crore in the future.