Max Estates Launches Estate 361 and Posts Strong Pre-sales

12 Feb 2026 CW Team

Max Estates Limited (MEL) reported unaudited third quarter and nine month results for FY26 and launched Estate 361, a forest-anchored residential community in Gurugram with a gross development value of Rs 25,000 mn. The firm said pre-sales in Gurugram have surpassed Rs 19,000 mn year to date, supporting its LiveWell strategy.

Estate 361 will be built on 18.23 acres and will include over 250,000 sq. ft. of forest greens, more than 1,000 indigenous trees and 50 plus species of climate resilient flora. The development will offer senior living managed by Antara Senior Living Limited and an integrated wellness centre, and average price realisation is around Rs 22,000 per sq. ft.

Estate 128 in Noida reported Rs 27,340 mn of pre-sales with collections of Rs 10,940 mn, while Estate 360 recorded Rs 48,310 mn in bookings. A Sector 59 parcel of 7.25 acres offers about 1.3 mn sq. ft. of development with GDV above Rs 30,000 mn. Planned Noida launches total roughly Rs 50,000 mn of GDV and the overall launch pipeline is approximately Rs 145,000 mn.

A binding letter of intent was signed for around 200,000 sq. ft. at Max District, securing gross rentals of about Rs 2,700 mn and achieved three years ahead of completion at over 35 per cent premium to market rents. Operational commercial assets report full occupancy and the company expects annuity rental income potential exceeding Rs 7,230 mn over the next five years.

The company has started solar power sourcing at Max Square as an initial step towards shifting 50 per cent of portfolio energy use to renewable sources by 2030, aligned with the Panchamrit pledge. Consolidated nine month financials show revenue of Rs 1,500 mn, EBITDA of Rs 270 mn, profit before tax of Rs 290 mn and profit after tax of Rs 200 mn, with total leased area of 1.23 mn sq. ft.

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