India, April 24 -- Max Estates has taken over the stalled 'Delhi One' project in Noida through the insolvency route and is expected to invest close to Rs.1400 crore to revive the project after seven years, the company said in a regulatory filing.

The company said in a regulatory filing that it has taken over 'Boulevard Projects Private Limited (BPPL)' to revive Delhi One project in Noida, after a seven years of wait.

"The company is acquiring the Delhi One Project pursuant to a Resolution Plan, and the total capital commitment, including settlement of outstanding liabilities, is estimated to be Rs.1,400 crores," the company said.

This strategic acquisition offers a significant development potential of approximately 2.5 million square f...