Max House Phase 1 100% leased out to marquee corporates; Managed office offering, WorkWell suites, fully occupied

New Delhi, February 23, 2022: Max Ventures & Industries Limited (MaxVIL) has announced today that Max House – Phase 1, located at Okhla, New Delhi,  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.

According to a press release issued by the company, 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. 

MD and CEO, MaxVil, Sahil Vachani, shared “There is an increasing trend of flight to quality, with top-notch companies upgrading to Grade A+ spaces post the pandemic. 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 announced 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.

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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.