Mumbai: Max Estates Limited has initiated solar power procurement for its commercial project, WorkWell Experience – Max Square in Sector 129, Noida, marking a step in its decarbonization and sustainability roadmap.
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The move aligns with the company’s long-term target to transition 50% of its portfolio energy consumption to renewable sources by 2030, in line with India’s “Panchamrit” commitment aimed at achieving 50% renewable energy usage nationwide by the same year.
The solar integration at Max Square is expected to reduce approximately 5,400–6,000 tonnes of CO₂ equivalent emissions annually. Additionally, it is projected to generate electricity cost savings of 20–25% for occupants at current grid tariffs.
The initiative also strengthens the company’s sustainability positioning, supported by its recognition as a Global and Regional Sector Leader in GRESB 2025. It reflects increasing demand from investors and occupiers for ESG-compliant and energy-efficient commercial assets.
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Commenting on the development, Atul Kundalia, Head – Engineering and Sustainability, Max Estates, said, “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. This is the blueprint for how future-ready real estate must evolve, and we believe such initiatives will continue to distinguish Max Estates as a sector leader in the years ahead.”
