Max Estates Launches Estate 361; Reports Strong Q3 FY26 Momentum

09 Feb 2026 CW Team

Max Estates has announced its unaudited Q3 and nine-month FY26 results, highlighting the launch of Estate 361 in Gurugram and strong momentum across residential pre-sales and commercial leasing.

During the quarter, the company launched Phase 1 of Estate 361 in Sector 36A, Gurugram, with a Gross Development Value (GDV) of around Rs 25 billion. Envisioned as a forest-anchored residential community spread across 18.23 acres, the project features over 250,000 sq ft of forest greens with more than 1,000 indigenous trees and 50-plus climate-resilient species. The development also includes senior living residences managed by Antara Senior Living Limited and an integrated wellness centre.

Estate 361 has achieved pre-sales of over Rs 19 billion in Gurugram, with average realisation of around Rs 22,000 per sq ft, representing a premium to the micro-market and the company’s earlier Estate 360 project.

In commercial real estate, Max Estates reported strong leasing momentum, marked by a binding letter of intent for approximately 200,000 sq ft of pre-leasing at Max District, Gurugram. The transaction is expected to deliver over Rs 2.7 billion in gross rentals and was concluded three years ahead of completion at a premium of over 35 per cent to prevailing market rents.

Among under-construction projects, Estate 128 in Noida (Phases 1 and 2) is fully sold with pre-sales of Rs 27.34 billion and collections of Rs 10.94 billion. Construction is progressing as scheduled across phases. Estate 360 in Gurugram recorded pre-sales of Rs 48.31 billion, with collections of Rs 11.10 billion, and structural work advancing across towers.

The company said the performance underscores sustained demand for differentiated, wellness-led residential developments and reflects continued strength in its LiveWell portfolio and commercial leasing strategy.

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