Image Source : Max Estates
Max Estates, the real estate development arm of Max Group, has set an ambitious target of ₹6,000-6,500 crore in pre-sale bookings for FY26. The company’s Vice Chairman and Managing Director, Sahil Vachani, expressed confidence in the sustained growth of the Delhi-NCR real estate market, citing large-scale infrastructure enhancements and rising demand for premium residential and commercial spaces.
Market Performance And Growth Outlook
- Max Estates reported pre-sales bookings of ₹5,300 crore in FY25, surpassing its full-year guidance and marking a 300 percent increase from FY24
- The company posted a net profit of ₹17.34 crore for Q4 FY25, a significant turnaround from the ₹1.45 crore net loss in the previous year
- Revenue from operations grew by 33 percent year-on-year, reaching ₹39.78 crore in the March quarter
Residential Portfolio And Expansion Plans
- Estate 128 in Noida, comprising Phase 1 and Phase 2, recorded pre-sales of ₹2,700 crore, with Phase 2 achieving a 40 percent price premium over Phase 1
- Estate 360 in Gurugram secured pre-sales bookings worth ₹4,428 crore, with 92 percent of the project already sold
- A new joint development adjacent to Estate 360, spanning 18.23 acres, is set to launch in Q2 FY26 with a gross development value (GDV) of ₹9,000 crore
Commercial Portfolio And Occupancy Trends
- Max Estates’ commercial properties continue to maintain 100 percent occupancy, with rental premiums exceeding micro-market averages
- The company has acquired a 10.33-acre land parcel in Noida-Greater Noida Expressway for ₹711 crore, with plans for a mixed-use development featuring residential and commercial spaces in a 40:60 ratio
Future Strategy And Industry Impact
- Max Estates aims to add at least 2 million square feet of residential development annually, reinforcing its commitment to premium housing
- The revival of the Delhi One project in Noida, approved by the National Company Law Tribunal, is expected to contribute ₹2,000 crore in GDV
- The company’s LiveWell and WorkWell ideology continues to shape its approach to sustainable and high-quality real estate development
With a strong pipeline of projects and a bullish outlook on market demand, Max Estates is poised to achieve its ambitious pre-sale booking targets for FY26.
Sources: Moneycontrol, Realty+, DSIJ.
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