Max Ventures to acquire Acreage Builders by admin- Wednesday, September 7th, 2022 04:36:50 PM
Max Ventures & Industries Ltd introduced that Max Estates, the actual estate arm of the business enterprise proposed to acquire a hundred% of fairness of Acreage Builders Private Limited, at an agency cost of Rs. 322.50 crore, concern to supplier obtaining needful approvals. The transaction is anticipated to be completed via February 2023. Post the purchase, the said business enterprise turns into an entirely owned subsidiary of Max Estates Ltd.
Acreage Builders Private Limited holds a license to expand industrial challenge over a place measuring 7.15 acres, placed at Golf Course Extension Road, one of the maximum promising upcoming micro markets in Gurugram.
Max Estates plans to broaden a high-quality‐in‐class Grade A+ industrial space on this land. The capacity leasable location is 1.6 Mn sq. Feet.
The modern transaction will allow Max Estates to attain its aspiration of becoming a leading real estate participant in Delhi‐NCR.