Max Estates, a subsidiary of Max Group's listed entity, Max Ventures & Industries (MaxVIL), has leased approximately 80,000 (79,933) sq ft at its flagship Grade-A office complex, Max Towers, Noida, to a legal firm Cyril Amarchand Mangaldas (CAM). It has also leased around 7,300 sq ft to DBS.
The company had recently announced leasing of approximately 62,500 sq ft to Yes Bank at Max Towers.
In addition, it has also given out around 25,000 sq ft to Indian Energy Exchange (IEX). This takes the total leased area at Max Towers to around 90 percent of the total around 5.3 lakh sq ft.
Cyril Amarchand Mangaldas Delhi will be shifting to Max Towers in June 2021. This is a newly-built, ultra-modern building, and the office will incorporate the latest concepts in office design. These include special spaces for informal exchanges and desking for lawyers who are mainly working from home.
Apart from 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.
Max Towers is built at an investment of around Rs 600 crore, with a net leasable area of over 5.3 lakh sq ft. It is a 21-storey Grade-A+ commercial office tower.
The tower offers its occupants an energy-efficient and green work environment, a technology-enabled smart workspace designed to boost their productivity and a vibrant food and recreation hub.
It also houses 130-seater state-of-the-art auditorium for events, a day care centre and gymnasium, among others to aid the wellness of employees.
MaxVIL’s other commercial real estate projects include Max House, Okhla. Phase -I of Max House, comprising approximately 1,05,000 sq ft leasable area was launched for leasing recently. Phase-2 of the project of similar size as Phase-I is targeted to start construction in H1/FY22.
The company recently commenced construction of its third commercial realty project in Noida, Uttar Pradesh, to be built at a cost of Rs 400 crore, having New York Life Insurance Company as financial partner.