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Max Estate Leases 80,000 sq ft Noida Office Space to Cyril Amarchand Mangaldas
Max Estates, a subsidiary of Max Group’s listed entity, Max Ventures & Industries (MaxVIL), on February 10 announced that it has leased around 80,000 sq ft. at its flagship Grade A office complex, Max Towers in Noida to leading legal firm Cyril Amarchand Mangalda
BY
Realty Plus
Published - Friday, 12 Feb, 2021
Max Estates, a subsidiary of Max Group’s listed entity, Max Ventures & Industries (MaxVIL), on February 10 announced that it has leased around 80,000 sq ft. at its flagship Grade A office complex, Max Towers in Noida to leading legal firm Cyril Amarchand Mangaldas (CAM). It has also leased around 7,300 sq. ft. to DBS, the company stated.
Max Estates had recently announced the leasing =of around 62,500 sq. ft. to Yes Bank at Max Towers. In addition, it has also leased around 25,000 sq. ft. at Max Towers to Indian Energy Exchange (IEX), India’s first and largest power trading platform. This takes the total leased area at Max Towers to nearly 90 percent of the total around 5.3 lakh sq ft.
"Cyril Amarchand Mangaldas Delhi will be shifting to Max Towers Noida in June. This is a newly built, ultra-modern building and our office will incorporate the latest concepts in office design. These include special spaces for informal exchanges and hot-desking for lawyers who are mainly working from home. We look forward to meeting our clients in our new, exciting premises from June,” said Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas.
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.
Built with an investment of about Rs 600 crore, with a net leasable area of over 5.3 lakh sq. ft., Max Towers is a 21 storey Grade A+ commercial office tower.
MaxVIL’s other commercial real estate projects include Max House, Okhla. Phase-I of Max House, comprising around1,05,000 sq. ft. leasable area was launched for leasing recently. Phase 2 of the project of similar size as the first phase is targeted to start construction in H1 FY22. Max Estates recently commenced construction of its third commercial realty project in Noida to be built at a cost of Rs 400 Cr, having New York Life Insurance Company as financial partner.
As a part of its strategy to emerge as a leading commercial real estate office player in NCR, Max Estates is evaluating development opportunities in Gurugram as its next destination to fill the deficit in Delhi-NCR, of developer owned and developer managed office space providing a top-notch experience to its occupiers.
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