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Max Estates onboards New York Life as co-investor for Noida office project

Moneycontrol.com

Moneycontrol News

 

Max Estates, the real estate arm of Max Ventures & Industries Limited, on September 28 announced that it has onboarded New York Life Insurance Company (New York Life), a US based mutual life insurance company as an equity co-investor in a structure that houses 2.66 acres of land on which Max Square is being developed.

 

Max Estates, in August announced its SPV, Max Square Limited’s, successful bid for two land parcels auctioned by Axis Bank for a total cost of Rs. 220 crores, subject to customary statutory approvals.

 

The company has entered into a partnership with New York Life Insurance Company for its 3rd commercial project in Delhi-NCR named Max Square.

 

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