Leading real estate developer Max Estates on Saturday has said it has forayed into Delhi's housing market with the acquisition of  84.71 acre land in West Delhi from promoters' land holding entities, according to news agency PTI.

The share-swap deal worth Rs 420 crore is part of the real estate firm’s expansion plans and it will develop residential and commercial projects on this land parcel. The company expects to generate a revenue of Rs 10,000-12,000 crore from upcoming projects on the site.