Sahil Vachani, Vice Chairman and Managing Director of Max Estates Limited, says the redevelopment of the stalled Delhi One site in Noida will move forward as construction is set to begin after regulatory approvals.
A long delayed real estate project in Noida is moving closer to revival after regulatory approvals cleared the way for redevelopment of the site previously known as Delhi One.
Max Estates Limited has secured Real Estate Regulatory Authority registration for the project now called Max One, located around Max Towers in Sector 16B, Noida. The development had remained stalled for several years following the insolvency of its earlier developer, leaving homebuyers waiting for progress.
With the approvals in place, construction is expected to begin shortly. The redevelopment brings renewed expectations for buyers who have waited nearly nine years for the project to move forward.
Max One is planned as an integrated urban campus combining residential, commercial and lifestyle spaces within a walkable environment. The project will span roughly ten acres and has a development potential of about 2.5 million square feet.
The development is designed to include ultra luxury serviced residences offered on an invitation basis, premium office spaces, curated retail and a private members club. The concept reflects a mixed use approach where residential living, workplaces and cultural spaces are integrated within a single destination.
The project design draws inspiration from global urban districts such as Hudson Yards in New York, One Blackfriars in London and Marina One in Singapore. The development is expected to generate a total sales potential of about ₹2,000 crore along with an estimated annuity rental income potential of approximately ₹120 crore.
Sahil Vachani, Vice Chairman and Managing Director of Max Estates Limited, said the project represents the company’s first fully integrated campus that combines its LiveWell and WorkWell development philosophy. He added that the redevelopment also marks a new chapter for homeowners who have waited nearly a decade for the stalled project to progress.
Max Estates acquired Boulevard Projects Private Limited last year, enabling the company to revive the delayed development and reposition it as Max One.
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