MaxVIL plans to expand realty biz

Max group business Max Ventures and Industries Ltd (MaxVIL) is aiming to purchase at least two land parcels in Delhi-NCR this fiscal year, either outright or through joint ventures, to grow its office portfolio and enter the residential segment.

MaxVIL, which has a foothold in the real estate and packaging film industries, is a stock exchange-listed company with a total revenue of roughly Rs 1,190 crore in the previous fiscal year.

MaxVIL MD and CEO Sahil Vachani presented the company’s future real estate plans, which include developing at least a million square feet in both the commercial and residential segments by 2025.

 

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