Max House Phase 1 in Okhla 100% leased out to marquee corporates
Managed office offering, WorkWell suites, also fully occupied
Max Ventures & Industries Limited (MaxVIL), one of the three listed companies of the $4-Bn Max Group, has announced that Max House – Phase 1 is now 100% leased out to marquee domestic and international clients. Its flexible managed office offering at Max House under the name of WorkWell suites is fully signed up as well.
Max House is the 2nd Grade A+ commercial real estate offering by Max Estates. Max House is located at the epicenter of the Secondary Business District of Delhi, Okhla, offering prime real estate spread across 8office floors. It witnessed strong interest and leased out completely during Q3FY22 at a significant rental premium to its micro market. Average rental rate for Max House Phase 1 now stands at ~ Rs. 125 per square feet per month.
Samsung India Electronics Pvt. Ltd., Nykaa Fashion Pvt. Ltd., Religare Enterprises Ltd., DSK Legal, and Dhampur Sugar Mills Ltd. are some of the key occupiers. The latest addition to the marquee list includes one of the largest US based retail companies– Target Sourcing Services India Pvt. Ltd. which will occupy 26,608 Sq. Ft. at Max House. The lease with Target Sourcing has been registered yesterday.
MD and CEO, MaxVil, Mr. Sahil Vachani, shared “There is an increasing trend of flight to quality, with top-notch companies upgrading to Grade A+ spaces post the pandemic. Organisations are choosing well maintained contemporary office complexes like Max House that offer better employee well-being and the best of amenities. As a Grade A+ office space player that provides an unparalleled experience through our unique WorkWell philosophy, Max Estates has witnessed a surge in interest and leasing for both its current assets. In addition to completion of 100% leasing at Max House, Max Towers is also now 98% leased to leading domestic and international organisations.”
Apart from these, it also houses its flexible office offering, WorkWell Suites, which is a part of Max Asset Services (MAS). MaxVil is also happy to announce that all the 219 seats offered at WorkWell suites have now been signed up. Witnessing strong interest in this segment, the company will be launching WorkWell suites in the upcoming projects as well.
Work on Phase 2 of Max House, Okhla is on track and the project is expected to be delivered by Q3FY23. Phase 2 would be ~40%larger than phase 1, with total leasable area of 1.45 lacs square feet. It will be similar to phase 1 in terms of overall excellence in quality and experience. Both phases will be supported by an amenities block housing a full suite of amenities including Food Court, Day Care, Fitness Centre and spaces to enable community, collaboration and innovation.
