Max Estates Reports INR 5,305 Crore Pre-Sales for FY2026
Filing Summary
Max Estates Limited announced pre-sales of approximately INR 5,305 crore for FY2026, with INR 3,392 crore recorded in Q4. Estate 105 in Noida achieved INR 1,783 crore in pre-sales within 10 days of its launch. Estate 361 in Gurugram and Max One in Noida contributed INR 1,704 crore and INR 1,415 crore, respectively. The company maintained a strong balance sheet with net debt of INR 174 crore. Max Estates plans to expand its GDV pipeline to over INR 16,000 crore for FY27 and beyond, focusing on both residential and commercial segments.
Max Estates Limited reported pre-sales of approximately INR 5,305 crore for the fiscal year 2026. The fourth quarter alone contributed INR 3,392 crore to this total. Estate 105 in Noida, launched on March 20, 2026, achieved pre-sales of INR 1,783 crore within just 10 days. Estate 361 in Gurugram and Max One in Noida also significantly contributed to the pre-sales figures, with INR 1,704 crore and INR 1,415 crore respectively.
The company’s financial performance for FY2026 included collections of approximately INR 1,578 crore. Max Estates maintained a strong balance sheet with a net debt of INR 174 crore as of March 2026. The debt included Lease Rental Discounting (LRD) of INR 968 crore, while cash and cash equivalents stood at INR 1,685 crore.
Operationally, Estate 361 in Gurugram, launched in December 2025, is noted for its forest-anchored residential community concept. Estate 105 in Noida, a movement-first residential community, and Max One, an integrated downtown destination in Noida, are key projects contributing to the company’s pre-sales. Max One’s development followed the acquisition of Boulevard Projects Private Limited and subsequent RERA approval.
Max Estates has demonstrated a significant operational scale shift over the past three years, with pre-sales figures of INR 1,841 crore in FY2024, INR 5,321 crore in FY2025, and INR 5,305 crore in FY2026. The company plans to expand its GDV pipeline to over INR 16,000 crore for FY27 onwards, focusing on both residential and commercial segments.
The company operates in the National Capital Region (NCR) and has partnered with New York Life Insurance Company for its real estate ventures. Max Estates aims to add 2 million sq. ft. annually in the residential segment and 1 million sq. ft. in the commercial segment. The commercial portfolio is fully leased, generating an annual rental income of over INR 150 crore, with potential to reach INR 700 crore in the next five years.
Max Estates Limited, established in 2016, focuses on developing premium commercial and residential spaces in the NCR region. The company is committed to enhancing quality of life through its real estate projects and has a diversified portfolio across asset classes. Max Estates is listed on both NSE and BSE.