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

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.