Max Estates Revives Stalled Delhi One Project in Noida with ₹1,400 Crore Investment

The Revival of the Delhi One Project: Max Estates' Strategic Move

In a move that has captured the attention of the real estate sector, Max Estates has successfully acquired the Delhi One Project in Noida, breathing new life into a venture that had been stalled for over seven years. The company, known for its excellence in real estate development in the National Capital Region (NCR), has committed to an impressive ₹1,400 crore investment to complete the mixed-use project.

A Bold Acquisition

On April 23, 2025, Max Estates finalized its acquisition of Boulevard Projects Private Limited (BPPL), the company previously handling the project. This strategic decision, taken under the insolvency route, was made possible after receiving approval from the National Company Law Tribunal (NCLT) in February 2023, followed by the National Company Law Appellate Tribunal (NCLAT)'s endorsement in October 2024.

The project, originally halted due to financial and developmental setbacks, is now set to be revived, with Max Estates taking full control to bring it to fruition. Through this acquisition, Max Estates aims to develop a project that offers immense growth potential, both in terms of sales and rental income.

The Delhi One Project: An Overview

The Delhi One Project is an integrated mixed-use development that promises to reshape the Noida skyline. Located at the edge of South Delhi, this project enjoys prime connectivity via the Delhi-Noida-Direct (DND) Flyway, making it easily accessible from all corners of Delhi NCR. The development is situated on a sprawling 10-acre land parcel spanning approximately 2.5 million square feet, with the potential to host ultra-luxury serviced residences, premium office spaces, curated retail outlets, and an exclusive club.

The project is designed to offer a holistic experience for residents and office-goers alike, featuring a blend of luxury living, workspace, and entertainment in a single, integrated campus. Max Estates’ vision for the project is rooted in its philosophy of LiveWell, WorkWell, PlayWell, and EatWell, ensuring a balanced lifestyle for all its stakeholders.

Financial Potential and Strategic Growth

The revival of the Delhi One Project is not just about completing a stalled venture; it also presents a significant financial opportunity. Max Estates estimates the project will generate a sales potential of ₹2,000 crore₹120 crore, a substantial figure that highlights the investment’s potential for long-term growth.

With the acquisition of BPPL, Max Estates has now taken control of the project’s future, and with a capital commitment of ₹1,400 crore, the company is set to overhaul the existing structure, complete construction, and ensure that the property meets the highest standards of luxury and functionality. This move is in line with Max Estates' strategy to expand its real estate portfolio, focusing on high-potential mixed-use developments in key urban locations like Noida.

The Vision for a New Era

Sahil Vachani, the Vice Chairman and Managing Director of Max Estates, expressed his excitement about the project’s future. "We are delighted to announce that Max Estates has taken over the Delhi One Project. Our aim is to provide a world-class real estate experience to both residents and office-goers in the NCR region. We are excited to bring to life our first integrated campus, which will offer a holistic downtown experience that reflects our brand’s philosophy."

A Future Shaped by Connectivity

What sets the Delhi One Project apart is not just its strategic location but also its unparalleled connectivity. The site is just steps away from key metro stations, providing seamless access to public transport and the rest of Delhi NCR. This prime positioning, coupled with the development's focus on luxury and functionality, makes it an attractive proposition for both buyers and investors.

Max Estates is not just focusing on creating high-end spaces but is also committed to ensuring the project's sustainability and future-proofing. With the right mix of modern design and infrastructure, the Delhi One Project will undoubtedly become one of the most sought-after developments in Noida.

A Game-Changer for Max Estates

The takeover of the Delhi One Project marks a significant milestone for Max Estates. With its vast experience in real estate and a proven track record in the NCR region, the company is well-equipped to revive this project and unlock its full potential. This acquisition is a critical part of Max Estates’ growth strategy, and the company is confident that it will set a new benchmark in integrated real estate development.

Max Estates has set a new trajectory for this iconic project, and its commitment to luxury, innovation, and community-centric development promises a vibrant future for all stakeholders involved.