Yes Bank Leases 62,500 Sq Ft Office in Max Towers Noida
Max Estates, a subsidiary of Max Ventures & Industries Ltd. (MaxVIL), announced leasing of approximately 62,500 sq ft. at its Iconic Max Towers in Noida to Yes Bank, which plans to relocate its offices from the Central Business District to the new location as part of its exercise to rationalize cost. Yes Bank has taken 62,500 sq. ft. spread across 2.5 floors of the Max Towers.
In the last six months, Max Estates has also leased ~25,000 sq. ft. at Max Towers to Indian Energy Exchange (IEX) Limited, India’s first and largest power trading platform.Max Estates has so far leased ~3,90,000 sq. ft. at Max Towers, which is located on the Delhi Noida Directway (DND), a few minutes’ drive from South Delhi business hubs such as Okhla, Nehru Place, Bhikaji KamaPlace etc. Some of the renowned names which have taken spaces at Max Towers includes the premium co-working brand Spaces, owned by International Workplace Group, one of the worlds largest co-working companies. Other marquee office tenants include Khaitan& Co., Emerson, Spaces, Veolia, ESRI, Udacity, Grass Valley, Kama Ayurveda and Castus Legal.
Built with an investment of about Rs 600 Cr, with a net leasable area of over 5.5 lakh sq ft, Max Towers is a 21 storey Grade A+ commercial office tower. Constructed in a brisk 24 months, Max Towers is a blend of thoughtful design and superior hospitality which helps integrate work and life through its philosophy of “WorkWell”.
Commenting on the leasing of spaces of Yes Bank, Mr.Sahil Vachani, Managing Director, MaxVIL, said, “The demand for Grade A office spaces has been growing in Noida mainly due to relatively high rentals in Delhi and Gurugram’s established office space locations and emerging supply of better quality assets.”
MaxVIL is also in talks with some other reputed corporates and some of them are likely to fructify soon.It is pertinent to mention here that as per a recent Knight Frank report Noida has overtaken Gurugram in terms of new office leasing for the first time mainly driven by competitive pricing and rapid infrastructure development in the Noida-Greater Noida region.
As Noida’s first Grade A+ office building, with the philosophy of “WorkWell”, Max Towers will provide its occupants an energy-efficient and green work environment, a technology-enabled smart workspace designed to boost their productivity while they are working and a vibrant food & recreation hub when they want to socialize or take a break. It is the only office building in Delhi-NCR to provide an indoor swimming pool and a comprehensive fitness centre to aid the wellness of employees.