Max House - Phase 2 Achieves 100% Occupancy in less than a year of its completion

Max Estates Limited, a leading real estate developer in Delhi NCR, is proud to announce that Max House Phase 2, its premier commercial offering located in the heart of New Delhi, has achieved an impressive milestone of lease commitment for 100% of its space in less than a year of receiving its Occupancy Certificate.

Max House (Phase I and II combined) is a boutique campus featuring two office towers and an amenities hub offering its tenants an ecosystem of F&B amenities, meeting and community building spaces. The total leasable area of the campus is ~2.6 lakh sq.ft., and of that Max House Phase II offers a leasable area of ~1.50 lakh sq. ft. The campus neatly weaves in access to nature, biophilia and art which has a very positive impact on wellbeing of its occupants. The location is well-connected and easily accessible from different parts of Delhi NCR with metro station at a walking distance of ~400 meters. This successful addition to our WorkWell portfolio furthers its commitment to bringing real wellbeing to real estate.

The design vocabulary of Max House extends the narrative set by its Industrial vicinity and adapts it for a modern workforce. It integrates itself with its surroundings, a marked departure from typical commercial developments. Max House is LEED Gold certified for Green Building Strategies and IGBC Gold Rated for Health and Wellness aspects.

Expressing his delight on the achievement, Mr. Rishi Raj, Chief Operating Officer, Max Estates, said, "Max House, with 100% occupancy, sets yet another benchmark uniquely bringing together combination of strategic location, product quality and end user experience anchored on Max Estates' WorkWell philosophy. We are proud to host a broad spectrum of marquee clients with a good mix in terms of domestic and international companies, cutting across sectors. 100% occupancy at a rental premium of 50 - 60% is not only a reflection of strong return to office phenomena, but also accelerating trend of flight to quality and market's appetite to pay premium for experiences enabling holistic wellbeing."

Phase II houses renowned brands across industries, including Law Firms, IT, Publishing, Media, Manufacturing and Managed office.

Shares of Max Estates Limited was last trading in BSE at Rs. 610.15 as compared to the previous close of Rs. 622.75. The total number of shares traded during the day was 11379 in over 991 trades.

The stock hit an intraday high of Rs. 625.85 and intraday low of 607.05. The net turnover during the day was Rs. 6992844.00.

Source : Equity Bulls

Keywords

MaxEstates Residential Commercial Projects INE03EI01018 MaxHouse Phase2 NewDelhi OccupancyCertificate