Max Estates Gains Key Approvals for Ghaziabad Development and Waste Recycling
What happened
Max Estates received amended Consolidated Consent and Authorisation (CCA) from the Gujarat Pollution Control Board (GPCB). This approval allows the company to receive, collect, store, transport, and recycle industrial packaging waste generated by other companies. Concurrently, Max Estates is entering a Joint Development Agreement (JDA) for a 9.76-acre land parcel in Indirapuram, Ghaziabad.
From moneycontrol.com
Why it matters
The JDA leverages Max Estates' presence in Ghaziabad, which is strategically located near the markets of Noida and Delhi. The development is envisioned to achieve a gross development value (GDV) of Rs 2,500-3,000 crore. The waste recycling approval adds a potential new revenue stream for the company.
Max Estates Limited is seeking land in Ghaziabad, leveraging its superior connectivity to the markets of Noida and Delhi.
From moneycontrol.com
Who's involved
- Max GroupIndian conglomerate company pursuing major development projects in Ghaziabad.
- Gujarat Pollution Control BoardState pollution control board whose amended rules were secured by Max Estates.
- GhaziabadCity in Uttar Pradesh where the major development project is situated.