Max Estates Limited (MEL) reported strong sales momentum in Gurugram after launching Estate 361 and recording over Rs 19 bn of pre-sales year to date. The company launched Phase One of Estate 361 in Sector 36A, Gurugram, with a gross development value of about Rs 25 bn and average realisation at Rs 22,000 per sq. ft., reflecting a significant premium to the micro-market and to the company's prior project. The performance reinforced the appeal of differentiated, wellbeing oriented residential products under the company's LiveWell philosophy.

Estate 361 is presented as a forest anchored residential community spread across 18.23 acres, with about 250,000 sq. ft. of forest greens, more than 1,000 indigenous trees and over 50 species of climate resilient flora curated for Gurugram. The development will include Senior Living Residences managed by Antara Senior Living Limited (Antara) and an Antara Integrated Wellness Centre, providing a holistic wellbeing ecosystem focused on preventive and personalised care. The market response was described as encouraging and indicative of sustained demand for high quality, wellness centric developments.

Commercial leasing momentum complemented residential traction, with a binding letter of intent for around 200,000 sq. ft. pre leased at Max District, Gurugram, delivering approximately Rs 2.7 bn in gross rentals and concluded three years before completion at a premium exceeding 35 per cent to prevailing market rents. The result underlined the strength of the company's mixed use strategy and ability to secure marquee tenancy ahead of project handover.

In Noida, Estate 128 achieved pre-sales amounting to Rs 27.34 bn for Phases One and Two and is reported as fully sold, with collections of Rs 10.94 bn on track. Construction activity continued with progress on upper floor slabs for Phase One and initial slabs for Phase Two, supporting the company's delivery schedules and liquidity visibility.