7.25 Acres land to be acquired by Max Estates
Max Group firm, Max Ventures & Industries Limited (MaxVIL) is all set to acquire 100 percent of the equity of Acreage Builders Private Limited, at an enterprise value of Rs 322.50 crore. Acreage Builders Private Limited holds a license to develop the commercial project over an area measuring 7.15 acres, located at Golf Course Extension Road in Gurgaon.
The transaction is expected to be completed by February 2023 subject to the seller obtaining requisite approvals. This current acquisition comes on the back of two land parcels acquired by Max group auctioned by Axis bank for Rs 220 crore in Noida.
Also Read: 10 Acres Mixed Land Parcel Acquired By Max Estates