Acreage Builders Private Limited has been put up for sale by Max Estates, the real estate division, for an enterprise value of 322.50 crores, according to a Max Ventures & Industries Limited (MaxVIL) announcement. The deal is anticipated to close in February 2023.
Acreage Builders Private Limited is authorised to build a commercial complex on a 7.15-acre plot of land on Gurugram’s Golf Course Extension Road. On this property, Max Estates intends to build a best-in-class Grade A+ commercial building. 1.6 million square feet could be leased. ft.
“This acquisition marks our entry into Gurugram, a key market for Commercial Real Estate (CRE) both within Delhi-NCR and throughout India. The transaction will further diversify the geographic footprint of our CRE Portfolio and aid our aspiration to become a leading player in the Delhi-NCR,” stated Sahil Vachani, MD & CEO of MaxVIL.
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