Max Estates has won a mixed-use land parcel of about 5.5 acres in Noida's Sector 132 for about ₹272 crore, the company told stock exchanges on 6 November. The Max Estates Noida Sector 132 project is expected to have a gross development value (GDV) of ₹1,500–2,000 crore, plus rental income from its commercial and retail parts.
The plot, numbered COMM-01, was allotted through an e-auction held by the New Okhla Industrial Development Authority (NOIDA) under its 2025-26 Builder Plot-IV scheme. Max Estates bid together with minority consortium partners.
The deal
The land has a floor area ratio (FAR) of 2.0. FAR is the ratio of total buildable floor area to plot area, so the site allows roughly 5 lakh sq ft of construction.
That puts the land cost at roughly ₹5,400 per sq ft of permitted floor area. The company plans homes, offices, retail and amenities on the site, subject to approvals and local development rules.
Payment is staggered. Max Estates must pay 40% of the bid, about ₹109 crore, within 60 days of allotment, and the rest in instalments over four years under NOIDA's scheme terms.
Max Estates' Noida Sector 132 strategy
The plot is within a 10-minute radius of three existing Max Estates assets: Max Square, Estate 128 and Estate 105, which is under construction.
"Sector 132 sits at the heart of our core operating cluster, minutes from Estate 128 and Estate 105," said Sahil Vachani, vice chairman and managing director. He said the site "gives us a faster-turn and capital-efficient addition to the portfolio."
The company describes its land approach as "Trunk-and-Branch". Large, long-term sites are the trunks, such as the roughly 85-acre Najafgarh parcel announced in August 2026. Smaller, quicker sites like Sector 132 are the branches that feed near-term launches and cash flow.
With this addition, the company's mixed-use and residential pipeline is valued at more than ₹30,000 crore of GDV, according to its disclosure. Max Estates aims to add about 2 million sq ft of new launches a year.
Sales backdrop
The purchase follows strong first-half sales. Max Estates reported pre-sales of about ₹3,200 crore in the first half of FY27, including about ₹1,100 crore in the first quarter, according to figures carried with the filing. It has also signed a binding MoU for a proposed joint development on a roughly 9.76-acre site in Ghaziabad.
What it means for you
For Noida home buyers, the deal points to more new premium supply in the Sector 128–132–105 belt, where the same developer is already active. No launch date, unit count or price has been announced.
Buyers should wait for the UP-RERA registration, which lists approved plans and the promised completion date, before booking. They should also confirm that building-plan approvals for the residential portion are in place.
Sources
- EquityBulls: Max Estates secures 5.5 acre of prime mixed-use land parcel in Sector 132, Noida — published 6 November 2026.
- Investywise: Max Estates secures 5.5-acre mixed-use land parcel in Noida for ₹272 crore — published 6 November 2026.
Frequently asked questions
How much did Max Estates pay for the Noida Sector 132 plot?
Max Estates and minority consortium partners bid about ₹272 crore for the roughly 5.5-acre plot, COMM-01, in a NOIDA e-auction under the 2025-26 Builder Plot-IV scheme.
What will Max Estates build in Noida Sector 132?
The company plans a mixed-use project with residential, commercial, retail and amenities, subject to approvals. With a FAR of 2.0, the plot allows about 5 lakh sq ft of development.
How does Max Estates have to pay NOIDA for the land?
Under the scheme, 40% of the bid is payable within 60 days of allotment and the balance in instalments over four years.