Max Estates reported robust pre-sales momentum in Gurugram, exceeding INR 1,900 crore. Noida launches are planned for Q4 FY26, with expectations of around INR 5,000 crore. Estate 361 delivers strong momentum at a significant premium. The company reiterates its commitment to expand its residential footprint and is aiming for significant commercial portfolio growth over the next five years.
Financial Highlights
The company has witnessed sustained pre-sales momentum, achieving over INR 1,900 crore in Gurugram. The upcoming launches in Noida are projected to reach approximately INR 5,000 crore, reinforcing the strength of the company’s LiveWell philosophy. Estate 361 is delivering strong momentum, commanding a premium in its micro-market.
Key Operational Metrics
Estate 361 achieved price realization of approximately INR 22,000 psf, a significant premium. The company pre-leased 200K sqft at Max District, Gurugram securing over INR 270 crore in rentals. Max Estates boasts 100% occupancy across its commercial assets: Max Towers, Max House and Max Square generating INR 150 Cr as current rentals. The company has raised INR 1,800Cr in investment from New York Life.
Future Outlook and Expansion
Max Estates is focusing on expanding its launch pipeline, targeting a GDV of 14,500Cr with ongoing launches. The company is projecting commercial portfolio rental income of 723Cr over the next five years, aiming for peak occupancy of existing projects. Furthermore, the company plans to add 2 mn sq. ft. in the residential segment each year.
Financial Performance (9M FY26)
The company reported consolidated revenue of Rs. 150 Crore in 9M FY26, reflecting a growth of 24% YoY. Consolidated EBITDA stood at Rs. 27 Crore, with a PBT of Rs. 29 Crore and a PAT of Rs. 20 Crore. The lease rental income, derived from Max Towers, Max House, and Max Square, grew by 38% YoY to Rs. 115 Crore. Max Asset Services Revenue increased by 26% YoY to Rs. 40 Crore. As of December 2025, the total leased area was 1.2 mn sq. ft.
Source: BSE
