📋 Tender Overview
Scope : To Develop a Group Housing Project on Dwarka Expressway in Gurgaon, Haryana
Max Estates has entered into a Joint Development Agreement (JDA) with Namo realtech private ltd to develop a group housing project on Dwarka Expressway in Gurgaon.
This project will be part of a separate SPV formed by Max Estates and Namo Realtech. Mohit Jain, director at Namo Realtech, is also the Managing Director of Krisumi Corporation.
Max Estates will develop around 2.5 million sq ft on a 15-acre land parcel in sector 36A Gurgaon. The developer will make an upfront payment of Rs 75 crore and will get one third of the saleable area.
This will be Max Estates’ first residential project in Gurgaon while its first residential project in Noida is expected to be launched in the first half of 2023.
CBRE is the transaction advisor for the deal. Both Max Estates and CBRE did not respond to ET’s mailed query.
Partner :
NAMO REALTECH PRIVATE LIMITED
Address: 461-462, Udyog Vihar
Phase-iii Gurgaon, Haryana 122016
Email ID: accounts@rnrinternational.net
