Max Estates Posts Rs 53.05 Billion Pre-Sales In FY2026

08 Apr 2026 CW Team

Estate 361 in Gurugram, launched in December 2025, contributed approximately Rs 17.04 bn and was positioned as a forest anchored intergenerational residential community centred on over 250,000 sq. ft. of greens and more than 1,000 indigenous trees across 18.23 acres. The project commanded an average realisation of Rs 22,000 per sq. ft., reflecting a pricing premium to the micro market and to the developer's earlier offerings. The response reinforced the commercial viability of architecturally distinct, ecology focused residential design.

Estate 105 in Noida, launched on 20 March 2026, generated about Rs 17.83 bn in pre-sales within 10 days and has a first phase gross development value of roughly Rs 30.00 bn on a 10.33 acre site. Max One in Noida delivered roughly Rs 14.15 bn to the fiscal year tally, including Rs 12.21 bn recognised after regulatory clearance by the erstwhile developer, which resolved a long standing project stalemate. Together these projects formed the bulk of the quarter's momentum.

The company collected Rs 15.78 bn during the year, with annual collections at 20 to 25 per cent of sales and project cost, enabling construction without incremental residential debt. The balance sheet showed debt of Rs 18.59 bn, cash and cash equivalents of Rs 16.85 bn and net debt of Rs 1.74 bn. The commercial portfolio remained fully leased with annual rental above Rs 1.5 bn and an annuity potential exceeding Rs 7.0 bn; management targets adding two million (mn) sq. ft. of residential and one mn sq. ft. of commercial space annually.

Max Estates Limited reported total pre-sales of Rs 53.05 billion (bn) in fiscal year 2026, driven by a strong fourth quarter that accounted for Rs 33.92 bn of the volume. This marks the second consecutive year the company has exceeded Rs 50 bn in pre-sales and underlines its position as an end-user centred developer in the National Capital Region. The group enters fiscal year 2027 with a gross development value pipeline in excess of Rs 160 bn, which is expected to sustain growth in the coming year. Estate 361 in Gurugram, launched in December 2025, contributed approximately Rs 17.04 bn and was positioned as a forest anchored intergenerational residential community centred on over 250,000 sq. ft. of greens and more than 1,000 indigenous trees across 18.23 acres. The project commanded an average realisation of Rs 22,000 per sq. ft., reflecting a pricing premium to the micro market and to the developer's earlier offerings. The response reinforced the commercial viability of architecturally distinct, ecology focused residential design. Estate 105 in Noida, launched on 20 March 2026, generated about Rs 17.83 bn in pre-sales within 10 days and has a first phase gross development value of roughly Rs 30.00 bn on a 10.33 acre site. Max One in Noida delivered roughly Rs 14.15 bn to the fiscal year tally, including Rs 12.21 bn recognised after regulatory clearance by the erstwhile developer, which resolved a long standing project stalemate. Together these projects formed the bulk of the quarter's momentum. The company collected Rs 15.78 bn during the year, with annual collections at 20 to 25 per cent of sales and project cost, enabling construction without incremental residential debt. The balance sheet showed debt of Rs 18.59 bn, cash and cash equivalents of Rs 16.85 bn and net debt of Rs 1.74 bn. The commercial portfolio remained fully leased with annual rental above Rs 1.5 bn and an annuity potential exceeding Rs 7.0 bn; management targets adding two million (mn) sq. ft. of residential and one mn sq. ft. of commercial space annually.

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