Max Estates has announced a strong fiscal performance for FY2026, achieving INR 5,305 crore in pre-sales, marking the second consecutive year surpassing the INR 5,000 crore threshold. Collections surged 61% year-on-year to INR 1,578 crore. With a locked-in pre-sales revenue of INR 12,500 crore and a robust INR 17,200+ crore gross development value (GDV) pipeline, the company remains focused on sustainable growth and expanding its residential and commercial footprint in the Delhi-NCR market.
Financial Performance and Operational Highlights
Max Estates Limited delivered a resilient performance in FY2026, demonstrating the strength of its end-user-focused business model. The company reported consolidated revenue of INR 199 crore, with PAT standing at INR 15 crore. Notably, the commercial lease rental income experienced a significant 40% year-on-year growth, reaching INR 154 crore, driven by the 100% occupancy across its operational portfolio, which includes Max Towers, Max House, and Max Square.
Residential Growth and Project Success
The company’s LiveWell residential portfolio saw remarkable success. Estate 361 in Gurugram, launched in December 2025, achieved INR 1,704 crore in pre-sales, while Estate 105 in Noida recorded INR 1,783 crore in sales within just 10 days of its launch in March 2026. Additionally, Estate 128 is now fully sold out with cumulative pre-sales of INR 2,734 crore, and the company successfully revitalized the Max One project, contributing INR 1,415 crore to the annual pre-sales.
Commercial Expansion and Future Outlook
Looking ahead, Max Estates is aggressively scaling its annuity portfolio. The company aims for an annuity rental income potential exceeding INR 700 crore over the next five years. Upcoming developments such as Max Square Two and Max District are set to add significant value, with Max Square Two expected to receive its occupation certificate by Q2 FY28. With a net debt of only INR 97 crore and a clear strategy to add 1 million sq. ft. of commercial space annually, the company is well-positioned for sustained value creation.
Source: BSE
