Max Estates Commences Solar Power Procurement for Commercial Development
Max Estates Limited, a leading real estate developer in the National Capital Region (NCR), has marked a significant milestone in its sustainability and decarbonization journey by commencing solar power procurement for its commercial development, WorkWell Experience, Max Square, located in Sector 129, Noida.
A Key Step Towards Sustainability Goals
This initiative represents the first step towards Max Estates' long-term commitment to transition 50% of its portfolio energy consumption to renewable sources by 2030, in line with India's national climate ambition under the "Panchamrit" commitment, which targets 50% of the country's energy requirements from renewable sources by 2030.
Environmental Benefits and Cost Savings
- The solar power transition at Max Square is expected to reduce approximately 5,400-6,000 tonnes of COâ‚‚ equivalent emissions per annum.
- The initiative is projected to deliver 20-25% savings in electricity costs for occupants at the present grid charges, enhancing asset-level operating efficiency while strengthening the commercial value proposition for tenants.
Sustainability Leadership and Recognition
The initiative strengthens the Company's sustainability leadership, underpinned by its strong performance in global benchmarks, including recognition as a Global and Regional Sector Leader in GRESB 2025.
Comment from Atul Kundalia, Head, Engineering and Sustainability
'Sustainability is most powerful when it moves from ambition to execution. Our solar integration at Max Square shows that climate responsibility and strong business performance can go hand in hand. By embedding renewable energy into our operations, we are reducing carbon intensity while improving cost efficiency and long-term asset resilience.'
About Max Estates Limited
Established in 2016, Max Estates Limited is a leading Real Estate developer in the NCR region. With the purpose of 'Enhancing Quality of Life through spaces it creates', it has chosen to create premium commercial and residential spaces in Delhi NCR.
- Max Estates Limited is listed on NSE and BSE.
- The company has developed a very well diversified portfolio of real estate across commercial and residential spaces in Delhi NCR.
- Max Estates also has a real estate services & management company - Max Asset Services.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same.)
(Disclaimer: This content is sourced from a syndicated feed and is published as received. The Tribune assumes no responsibility or liability for its accuracy, completeness, or content.)