Sumary of MaxVIL posts 14% rise in revenue in FY21:
- Leasing revenue in commercial real estate business continued to build up throughout the year, except for March 2021 where new lease transactions were temporarily deferred due to the second covid wave induced lockdown,”.
- The company focus now will be on leasing Max House in Okhla and smooth and time bound progress of its under construction commercial complex – Max Square and commencement of work on Phase 2 of Max House..
- Max Estates also continues to actively prospect new commercial land parcels in Delhi NCR, with a positive bias for Gurgaon to achieve its intent of adding nearly 1 million sq ft per annum to the project pipeline in FY22 and onwards..
- Despite multiple work disruptions and uncertainties in prospective occupier mind, our commercial real estate business also fared well during FY21,”…