Max Estates to Enter JDA for 9.76 Acre Land Parcel in Ghaziabad, Unlocking ₹2,500–3,000 Crore GDV Opportunity

Max Estates has entered into a Binding Memorandum of Understanding (MoU) for a proposed JDA with the landowner. The transaction is planned on a capital-light, revenue-sharing basis, subject to due diligence, necessary approvals and the execution of the final JDA.

The proposed 9.76-acre development is expected to offer approximately 1.5 million sq. ft. of super built-up development potential, with an estimated GDV of ₹2,500–3,000 crore.

The land parcel is located in Indirapuram, Ghaziabad, along National Expressway-3. The location is positioned to benefit from connectivity towards both Delhi and Noida.

According to the announcement, the site is around 15 minutes from Akshardham Temple and is surrounded by a green belt, adding to the location's overall appeal.

With its connectivity to major NCR destinations, Indirapuram has emerged as an established residential and commercial real estate market in Ghaziabad.

One of the key highlights of the proposed transaction is the development potential of approximately 1.5 million sq. ft.

The estimated GDV of ₹2,500–3,000 crore indicates the scale of the opportunity that Max Estates is targeting through the proposed development.

However, the final development plan, configuration and project details will depend on applicable approvals, due diligence and the final layout.

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Max Estates’ proposed entry could add further momentum to Ghaziabad's evolving real estate market. The city has gained importance within the wider NCR due to improving connectivity with Delhi, Noida and other key employment hubs.

The proposed development also reflects the growing interest of established developers in well-connected NCR locations with large-scale development potential.

For the local market, the entry of a prominent developer could potentially increase competition and bring greater attention to the Indirapuram–Ghaziabad corridor.

The proposed transaction is not yet a completed development deal. It remains subject to the satisfactory completion of due diligence, receipt of all required approvals and execution of the final Joint Development Agreement.

Further details about the project's product mix, launch timeline, pricing and final development plan are expected to become clearer after these stages are completed.