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Max Estates stated earlier this month that it has secured 100% lease commitment for its Max House Phase 2 projects.
The properties, located in Sector 62, YPS Chowk, Sahibzada Ajit Singh Nagar (Mohali), cover around 13.14 acres.
The allotment of equity shares in the offer increased the company's paid-up equity share capital to ₹160 Crore.
The property parcels have a development potential of over 1 million square feet and an expected revenue of over ₹3,400 Crore.
The company will issue 13.3 lakh convertible warrants to Ramesh Sawalram Saraogi at a price of ₹750 per warrant.
On August 9, Godrej Properties was the top bidder for two land parcels in Greater Noida, totalling ₹842 Crore.
The company introduced Godrej Tropical Isle with a booking value of ₹2,050 Crore, followed by Godrej Jardinia within three quarters.

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