Max Estates Delivers Rs 53.05 bn Pre Sales In FY2026

26 May 2026 CW Team

Max Estates delivered Rs 53.05 billion (bn) in pre-sales in FY2026, marking a second consecutive year above Rs 50 bn and indicating sustained demand. FY26 collections rose 61 per cent to Rs 15.78 bn, with Q4 contributing Rs 6.5 bn. The company said locked in pre-sales total Rs 125 bn and indicated that million (mn) and billion (bn) abbreviations would be used below.

Estate 361 in Gurugram recorded Rs 17.04 bn of pre-sales since its December launch, with a GDV of Rs 25 bn and average realisations near Rs 22,000 per sq. ft.; The Terraces precinct carries a Rs 12 bn GDV and phase one residences start at Rs 24 mn. Estate 128 in Noida is fully sold with cumulative pre-sales of Rs 27.34 bn and collections of Rs 11.22 bn, on track.

Estate 360 has cumulative pre-sales of Rs 48.31 bn and collections of Rs 16.36 bn while construction progresses across several towers. A secured luxury site in Sector 59 spans a seven point two five acre parcel offering one point three million (mn) square feet and a GDV of about Rs 39 bn, with a launch targeted in Q4 FY27. It aims to add two million (mn) square feet of residential and one million (mn) of commercial space annually.

The commercial portfolio remained at 100 per cent occupancy and lease rental income rose 40 per cent to Rs 1.54 bn in FY26, supported by pre leases that secured sizeable rentals. Max District holds an LOI for 200,000 square feet that underpins about Rs 2.7 bn in gross rentals and Max Square Two recorded pre leases for 86,000 square feet securing about Rs 950 mn.

Consolidated revenue for FY26 was Rs 1.99 bn with EBITDA of Rs 240 mn and net profit of Rs 150 mn. Debt at March was Rs 18.55 bn, cash was Rs 17.58 bn leaving net debt of Rs 970 mn; management said the company enters FY27 with a strong Rs 172 bn pipeline and annuity potential exceeding Rs 7 bn.

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