Max Ventures' Max House - Phase 1 is now 100% leased out to marquee clients; Samsung, Nykaa among the top occupiers

23 Feb 2022 , 09:33 AM

Max Ventures & Industries Limited (MaxVIL), one of the three listed companies of the $4-Bn Max Group, announced that the company’s t Max House – Phase 1 is now 100% leased out to marquee domestic and international clients. The company’s flexible managed office offering at Max House under the name of WorkWell suites is also fully signed up.

Max House is the 2nd Grade A+ commercial real estate offering by Max Estates. Max House is located at the epicenter of the Secondary Business District of Delhi, Okhla, offering prime real estate spread across 8 office floors. It received good interest from the clients and leased out completely during Q3FY22 at a significant rental premium to its micro market. Average rental rate for Max House Phase 1 now stands at ~ Rs. 125 per square feet per month.

MD and CEO, MaxVil, Mr. Sahil Vachani, shared “There is an increasing trend of flight to quality, with top-notch companies upgrading to Grade A+ spaces post the pandemic. Organisations are more interested in well maintained contemporary office complexes like Max House that offer better best of amenities and employee well-being. As a Grade A+ office space player that provides an unparalleled experience through our unique WorkWell philosophy, Max Estates has witnessed a surge in interest and leasing for both its current assets. In addition to completion of 100% leasing at Max House, Max Towers is also now 98% leased to leading domestic and international organisations.”

Samsung India Electronics Pvt. Ltd., Nykaa Fashion Pvt. Ltd., Religare Enterprises Ltd., DSK Legal, and Dhampur Sugar Mills Ltd. are some of the key occupiers. The latest addition to the marquee list includes one of the largest US based retail companies — Target Sourcing Services India Pvt. Ltd. which will occupy 26,608 Sq. Ft. at Max House. The lease with Target Sourcing has been registered today.

Max Ventures is currently trading at Rs104.30 up by Rs2.25 or 2.2% from its previous closing of Rs102.05 on the BSE. The scrip opened at Rs102.20 and has touched an intraday high and low of Rs104.85 and Rs102.20 respectively.