Max Estates leases 80,000 sq ft to Cyril Amarchand Mangaldas – ET RealEstate

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NEW DELHI: Max Estates, a subsidiary of Max Group‘s listed entity, Max Ventures & Industries (MaxVIL), has leased 79,933 sq ft to Cyril AmarchandMangaldas (CAM) in Max Towers, Noida. The company has also leased about 7,300 sq ft to DBS.

It had recently leased about 62,500 sq ft to Yes Bank. This takes the total leased area at Max Towers to nearly 90% of the total about 5.3 lakh sq ft.

Cyril Shroff, managing partner, Cyril AmarchandMangaldas, said “Cyril AmarchandMangaldas Delhi will be shifting to Max Towers Noida in June.”

Besides CAM, DBS and Yes Bank, occupiers at Max Towers include Kama Ayurveda, Indian Energy Exchange, Khaitan& Co., Delphix, co-working firm Spaces, and French multinational Veolia, among others.

The company claims that Max Towers, a 21 storey commercial office tower, is built with an investment of about Rs 600 crore.

MaxVIL recently launched Max House, Okhla. Phase-I of Max House, comprises of about 1,05,000 sq ft leasable area, the company said in a media release. Phase 2 of the project of similar size as the first phase is targeted to start construction in H1 FY22.

Max Estates said that it recently commenced construction of its third commercial realty project in Noida to be built at a cost of Rs 400 crore, having New York Life Insurance Company as financial partner.

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Max Estates lease out 62,500 sq ft office space to Yes Bank – ET RealEstate

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NEW DELHI: Max Estates, a subsidiary of Max Ventures & Industries (MaxVIL), has leased out approximately 62,500 sq ft office space at Max Towers in Noida to Yes Bank, the company said in a media release.

Yes Bank plans to relocate its offices from the Central Business District to the new location as part of its exercise to rationalize cost, the release said.

Sahil Vachani, managing director, MaxVIL, said, “The demand for Grade A office spaces has been growing in Noida mainly due to relatively high rentals in Delhi and Gurugram’s established office space locations and emerging supply of better quality assets.”

With this, Max Estates has so far leased about 3.9 lakh sq ft at Max Towers to companies like Indian Energy Exchange (IEX), Spaces, owned by International Workplace Group, Khaitan& Co., Emerson, Veolia, ESRI, Udacity, Grass Valley, Kama Ayurveda and Castus Legal.

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