India Post News Service
NEW DELHI: Max Estates, a subsidiary of Max Ventures & Industries Ltd. (MaxVIL), has announced the opening of its flagship office project Max Towers located on the Delhi Noida Directway (DND), a few minutes drive from South Delhi business hubs such as Okhla and Nehru Place. Built with an investment of nearly Rs 600 crore, with a super built-up area of over 5.5 lakh sq. ft., Max Towers includes 19 floors of office space and four floors of amenities.
The anchor tenant is the premium co-working brand Spaces, owned by International Workplace Group, one of the world’s largest co-working companies. This space will operational shortly, Max states said in a statement.
Max Towers will house the teams of some of the Max Group companies but will mostly be leased to progressive corporations.
“As Noida’s first Grade A+ office building, Max Towers will provide its occupants an energy-efficient and green work environment, a technology-enabled smart workspace designed to boost their productivity while they are working and a vibrant food & recreation hub when they want to socialize or take a break,” the statement said.
“It is the only office building in Delhi-NCR to provide an indoor swimming pool and a comprehensive fitness centre to aid the wellness of employees.”.
According to the statement, the building will have a culture manager, who will work towards making the building’s 130-seater auditorium and its common areas a hub of engrossing activities in culture, management, entertainment, art and more.
“With large floor plates and contemporary amenities, Max Towers aims to provide a superior and cost effective alternative to South and Central Delhi’s business districts which have been over the years, beset with jaded common infrastructure, haphazard construction, choked last mile access and inadequate parking,” it stated.
Speaking at the inauguration, Sahil Vachani, Managing Director, MaxVIL, said: “We took a calibrated risk when we chose a stressed asset to mark Max Group’s presence as a serious real estate player. “Max Towers was originally conceived as a part of a high-end mixed use project called Delhi One. With support and encouragement from Alok Tandon, Chairman and CEO, Noida Authority, a separate sub-lease was granted for the Max Towers land, allowing Max Estates to develop the building and accompanying infrastructure and services independently.”
Developed in a brisk time period of approx 2 years, Vachani said that “it is probably the only stressed real estate asset in North India to have witnessed such a speedy revival and completion”.
“This success provides a fillip to our real estate ambitions and provides a suitable launch pad for bigger commercial projects,” he said.
Max Estates’ other real estates projects include 222 Rajpur, a luxury residential villas community set in the foothills of Dehradun, Uttarakhand, and the redevelopment of Max Group’s corporate office complex in Okhla, New Delhi.
