Max Estates witnessed a nearly 1 percent surge in shares on the morning of November 30 following a consequential development. The real estate company, in collaboration with its subsidiary Max Estates Gurgaon (MEGL), part of the Max Group conglomerate, has inked a binding agreement with Antara Senior Living for advisory services.
The collaborative initiative outlines ambitious plans for a group housing project in Harsaru, Gurugram. A noteworthy aspect of the proposal involves earmarking 33 percent of the available floor area ratio (FAR) for the project, equivalent to approximately 6.07 lakh square feet.
This considerable space is slated for the construction of senior living units, complemented by a range of facilities and amenities. Among these amenities is a dedicated club, integral to the envisioned senior living development. To bolster the execution of this venture, Max Estates Gurgaon has enlisted the expertise of Antara Senior Living (ASLL).
As of 11:22 am on the same day, the company’s shares reflected a marginal decline of 1.76%, settling at ₹296.60.
