India's Max Estates climbs on land parcel deal in National Capital Region

Max Estates

08/09/2025 05:44

** Indian real estate firm Max Estates MAXS.NS gains 2.8% to 444 rupees

** Co secures land development rights for a parcel in Gurugram city's luxury residential market

** Deal has potential of 5.34 billion rupees ($61 million) outlay; is expected to generate booking value of more-than 30 billion rupees, co says

** Stock on track to snap four straight sessions of losses

** Year-to-date, stock down 22%

($1 = 88.1150 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))