Max Estates shares rally 8% to hit 52-week high on entering MoU for Ghaziabad land parcel with ₹2,500-3,000 crore GDV

According to a regulatory filing dated September 23, the realtor said that it will partner with a landowner to develop a housing project in Indirapuram, Ghaziabad, as part of the company's expansion plan.

The upcoming project will have a super built-up development potential of approximately 1.5 million sq. ft. and an estimated gross development value (GDV) of about ₹2,500-₹3,000 crore, subject to applicable approvals and final layout.

The proposed transaction is subject to satisfactory completion of due diligence, receipt of all requisite approvals, and execution of the JDA.

“The land is located along National Expressway-3 with a buffer green belt, 15 minutes’ drive from Akshardham Temple, and overlooking the green buffer zone of the Hindon River, with superior connectivity from both Delhi and Noida,” it stated.

Max Estates is one of the leading real estate developers in the country. It is developing many projects in Delhi-NCR.

Max Estates stock performance

Shares of Max Estates surged as much as 8.22% to hit a 52-week and intraday high of ₹652.80 per unit on the National Stock Exchange (NSE) on Thursday, September 24, compared with a closing price of ₹603.20 apiece.

At around 11:56 AM, the scrip stood at ₹635.05 per equity share, reflecting a 5.28% increase. It touched a year’s low of ₹305.45 per unit on March 30, 2026.

The stock has advanced 10% in the past week and 16% over the month. On a year-to-date (YTD) basis, it has soared 38%.

Max Estates has a total market capitalisation of ₹10,387.32 crore as of September 24, 2026, according to data on the NSE.