The Max Square In Noida
NDTV, or the New Delhi television group, has leased commercial office space in Noida to expand its operations and further its growth in the coming years. The deal is done in which NDTV has contracted more than 1.28 lakh sq ft of space in max square located in sector 129 Noida along the Noida expressway.
Max Square, the prime commercial space on Noida Expressway, is now emerging as the "new center of corporate office and beyond a back office hub wide round the clock connectivity and widely accessible by the people of Noida. Since the project's inception, the office space in the project has been leased to more than 50% of the total available area. With Skootr coming in, which is a prime coming in managing the office space in Delhi NCR, the target of the group is to fully lease the available 7 lakh sq. Of space.
Why is Noida Expressway a Prime Location to Set up their Office Space?
A lot of corporations such as HDFC bank, Infosys, Siemens, Samsung, TCS, Adobe and many more have leased their office space along the Noida expressway and are currently operational.Noida Expressway is the growing suburb of Noida with comprehensive connectivity, easy access from different sectors, and a significant transportation hub of Noida. The sectors along the Noida expressway, such as sectors 132, 127, 142, 135 and many many others sectors, have seen a drastic shift in demand for land because of robust connectivity with premium residential hubs as well as other cities of Delhi NCR.
Other Details Released By the Max Developer
Max will continue to grow in the coming years, and the real estate arm consists of max estate sector 128. Max Square has shown more than 18 crores of rental income with net revenue of more than 38 crores in 2 quarters of FY24.
Also, the max square retail arm consisting of retail shops and food courts has been leased entirely with a 100% occupancy rate. New York Life Insurance company is eyeing new growth with its joint venture with Max Group, opening up new commercial as well as residential developers across Delhi NCR, which is currently holding a whopping 49% in the joint venture.
