This rookie player is eyeing big gains from Delhi-NCR real estate boom

Published: 07th Aug 2024

By: Value Research

Real estate boom in NCR

Delhi-NCR's real estate landscape is getting a long-overdue makeover. As per Anarock, 29 of the 83 land deals across top Indian cities happened in Delhi-NCR in FY24.

Meet the promising newcomer

While big organised players like Godrej Properties, Prestige Estates, and DLF are gearing up, small-cap newcomer Max Estates is eyeing to reap most gains from the industry revival.

Its gameplan?

Instead of going on a land purchasing spree, Max Estates is playing it smart. It is reviving distressed projects at higher than average rental yields, and targeting the premium housing segment.

Backed by solid funding

Max Estates has partnered with New York Life Insurance, which has invested Rs 1,200 crore in its projects since 2017. Additionally, it has a Rs 800 crore fund-raise in the pipeline.

Uncertainties loom

Despite the solid prospects, its tricky valuation, recent losses and threat of project delays are key risks. You can read them in detail in our latest issue of Wealth Insight. Subscribe from the link below.

Other Webstories

Watch Next WebStory