Realty firm Max Estates Ltd secured RERA approval for its Max One development in Sector 16B, Noida, ending a nine-year wait for Delhi One homebuyers. According to the company's press release dated March 7, 2026, construction is set to commence shortly, signalling progress on the stalled project. The approval represents a significant milestone for the company and its stakeholders who have been awaiting project development for nearly a decade.
The 10-acre Max One project is designed as a walkable, green campus combining residential, commercial, and lifestyle spaces within a single integrated destination. As per the company's press release, the development will include ultra-luxury serviced residences offered on an invite-only basis, premium office spaces, curated retail outlets, and a private club. The project offers 2.5 million square feet of potential built-up area, with estimated total sales of ₹2,000 crore and annuity rental income potential of ₹120 crore. Max Estates acquired Boulevard Projects Private Ltd (BPPL) last year to revive the stalled Delhi One development, with the acquisition enabling the company to restart planning and secure approvals needed to resume construction.
Max One draws inspiration from globally recognised urban developments including Hudson Yards in New York, One Blackfriars in London, and Marina One in Singapore. According to the company's press release, Sahil Vachani, Vice Chairman and Managing Director of Max Estates, stated that with Max One, the company looks forward to shaping their first truly integrated campus, bringing alive Max Estates' LiveWell and WorkWell philosophy to create a holistic downtown experience. The project promises a life well connected with everything residents need.
Shares of Max Estates Ltd ended at ₹388.80, down by ₹9.00, or 2.26%, on the BSE following the announcement. As reported by CNBC TV18, this market reaction occurred on Saturday, March 7, 2026, reflecting investor sentiment regarding the project development milestone. With regulatory approvals now in place and construction expected to begin soon, the company said the project represents a fresh chapter for both the development and homebuyers who have been waiting for its completion.
