Max Estates Reports Robust Pre-Sales And Leasing Momentum

12 Feb 2026 CW Team

Estate 128 in Noida reported Rs 27,340 mn in bookings and collections of Rs 10,940 mn, with construction progressing on upper slabs. Estate 360 in Gurugram has bookings of Rs 48,310 mn and collections of Rs 11,100 mn, with multiple tower slabs completed. The company said construction timelines across projects remain on track.

MEL secured development rights for a 7.25?acre parcel in Sector 59, Gurugram, with development potential of one point three mn sq. ft. and GDV above Rs 30,000 mn, expected to launch in Q4 FY27. Planned launches in Noida aggregate Rs 50,000 mn of GDV and the company has a total launch pipeline of Rs 145,000 mn GDV, with the Max One mixed?use scheme included. The group said it aims to add two mn sq. ft. of residential space each year.

Commercial leasing included a binding letter of intent to pre?lease 200,000 sq. ft. at Max District at gross rentals exceeding Rs 2,700 mn, secured at a 35 per cent premium and concluded three years ahead of completion. Operational commercial assets are fully occupied and generate annual rental income of Rs 500 mn, Rs 340 mn and Rs 600 mn, while annuity potential across the portfolio is estimated at more than Rs 7,230 mn over five years. Nine?month consolidated revenue was Rs 1,500 mn, EBITDA Rs 270 mn, profit after tax Rs 200 mn, and net debt stood at Rs 4,140 mn; the company said these results validated its LiveWell and WorkWell strategy and supported growth.

Max Estates Limited (MEL) launched Estate 361 in Sector 36A, Gurugram, a forest?anchored residential community with a gross development value of Rs 25,000 mn and average price realisation of Rs 22,000 per sq. ft. The development covers 18.23 acres and will deliver 250,000 sq. ft. of forest greens with over 1,000 indigenous trees and more than 50 species, together with senior living residences and an integrated wellness centre managed by Antara Senior Living Limited. MEL reported pre?sales in Gurugram exceeding Rs 19,000 mn, reflecting strong demand for wellness?centred housing. Estate 128 in Noida reported Rs 27,340 mn in bookings and collections of Rs 10,940 mn, with construction progressing on upper slabs. Estate 360 in Gurugram has bookings of Rs 48,310 mn and collections of Rs 11,100 mn, with multiple tower slabs completed. The company said construction timelines across projects remain on track. MEL secured development rights for a 7.25?acre parcel in Sector 59, Gurugram, with development potential of one point three mn sq. ft. and GDV above Rs 30,000 mn, expected to launch in Q4 FY27. Planned launches in Noida aggregate Rs 50,000 mn of GDV and the company has a total launch pipeline of Rs 145,000 mn GDV, with the Max One mixed?use scheme included. The group said it aims to add two mn sq. ft. of residential space each year. Commercial leasing included a binding letter of intent to pre?lease 200,000 sq. ft. at Max District at gross rentals exceeding Rs 2,700 mn, secured at a 35 per cent premium and concluded three years ahead of completion. Operational commercial assets are fully occupied and generate annual rental income of Rs 500 mn, Rs 340 mn and Rs 600 mn, while annuity potential across the portfolio is estimated at more than Rs 7,230 mn over five years. Nine?month consolidated revenue was Rs 1,500 mn, EBITDA Rs 270 mn, profit after tax Rs 200 mn, and net debt stood at Rs 4,140 mn; the company said these results validated its LiveWell and WorkWell strategy and supported growth.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Infrastructure Urban

08 Apr 2026

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Infrastructure Urban

08 Apr 2026

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..