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Max Estates has signed a binding memorandum of understanding for a proposed joint development agreement covering 9.76 acres in Indirapuram, Ghaziabad. The project could generate about 1.5 million square feet of development and a gross development value of ₹2,500 crore to ₹3,000 crore.
10:07 AMEconomic Times Realty
Uttar Pradesh RERA has approved 12 real estate projects across six districts, with a combined investment of Rs 1,663.85 crore. Lucknow accounts for the largest share, with four projects worth Rs 609.35 crore and 1,972 residential units, while Ghaziabad and Hapur also receive substantial housing investments.
8:03 AMEconomic Times
Arvind SmartSpaces shares rose 10.83% after its Bengaluru project, Arvind Sylva, generated more than Rs 500 crore in bookings within 30 days. The 375-home project on Sarjapur Road has achieved 60% value-based absorption.
12:45 AMEconomic TimesSummary
Max Estates has signed a binding memorandum of understanding for a proposed joint development agreement covering 9.76 acres in Indirapuram, Ghaziabad. The project could generate about 1.5 million square feet of development and a gross development value of ₹2,500 crore to ₹3,000 crore.
The agreement expands Max Estates' development pipeline through a joint-development model, limiting the need for
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal gives Max Estates a large North Delhi region opportunity without an outright land purchase, but execution and market absorption will determine its value.
Summary
Uttar Pradesh RERA has approved 12 real estate projects across six districts, with a combined investment of Rs 1,663.85 crore. Lucknow accounts for the largest share, with four projects worth Rs 609.35 crore and 1,972 residential units, while Ghaziabad and Hapur also receive substantial housing investments.
The approvals expand the pipeline of regulated housing supply, with Lucknow emerging as the main
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The projects could add meaningful housing supply across Uttar Pradesh, but their value depends on timely, compliant delivery.
Summary
Arvind SmartSpaces shares rose 10.83% after its Bengaluru project, Arvind Sylva, generated more than Rs 500 crore in bookings within 30 days. The 375-home project on Sarjapur Road has achieved 60% value-based absorption.
The booking pace provides a strong demand signal for Arvind SmartSpaces’ premium Bengaluru strategy and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Rapid absorption strengthens the company’s growth case but also raises expectations for sustained bookings and cash conversion.
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