Max Estates Achieves Record Pre-Sales of Rs 5,305 Crore in FY2026

The company reported a significant milestone in FY2026 with pre-sales reaching Rs 5,305 crore, marking the second consecutive year of surpassing the Rs 5,000 crore threshold. This achievement reflects the company's strong market positioning and customer trust in the Delhi-NCR real estate sector. The pre-sales figure includes contributions from key projects such as Estate 361 in Gurugram, which recorded Rs 1,704 crore in pre-sales, and The Terraces, launched in May 2026 with a gross development value of Rs 1,200 crore. The company also highlighted its commercial portfolio, which maintained 100% occupancy and generated lease rental income of Rs 154 crore, up 40% year-on-year. These figures underscore Max Estates' ability to deliver high-value residential and commercial developments amid a moderating market.

FY2026 collections increased by 61% year-on-year to Rs 1,578 crore, with Q4FY26 alone contributing Rs 650 crore. The company attributed this growth to its structured payment plans, which allocate 20-25% of sales value annually, enabling construction without debt. Notable projects driving collections include Estate 128 in Noida, which has received Rs 1,122 crore in collections to date, and Max One in Sector 16B, Noida, which added Rs 1,415 crore to pre-sales. The Terraces project, part of Estate 361, is expected to further boost collections as it targets a gross development value of Rs 1,200 crore. the company's GDV pipeline stands at over Rs 17,200 crore, with aspirations to add 2 million square feet of residential and 1 million square feet of commercial space annually.

Max Estates' financial health remains robust, with a net debt of Rs 97 crore and cash reserves of Rs 1,758 crore as of March 2026. The company's consolidated revenue for FY26 was Rs 199 crore, with EBITDA at Rs 24 crore and profit after tax at Rs 15 crore. The commercial portfolio, including Max Towers and Max Square, is poised to add over Rs 700 crore in annuity rental income over the next five years. Under-construction assets like Max Square Two (1 million square feet) are expected to contribute Rs 125 crore to annuity income by Q2 FY28, while Max District will add Rs 225 crore upon completion in FY29. These developments position Max Estates to scale its annuity portfolio significantly, supported by a strong order book and strategic project launches.

Sahil Vachani, Vice Chairman and MD of Max Estates, emphasized the company's resilience in a challenging market environment. He noted that despite global uncertainties and cautious buyer sentiment, Max Estates continued to deliver record pre-sales, affirming its platform's strength. Looking ahead to FY27, the company plans to leverage its Rs 17,200 crore GDV pipeline and focus on expanding its LiveWell and WorkWell philosophies. The LiveWell residential offerings, such as Estate 360 in Gurugram with Rs 4,831 crore in pre-sales, and Max One's revival in Noida, demonstrate the company's adaptability and market responsiveness. With a net debt of Rs 97 crore and a cash balance of Rs 1,758 crore, Max Estates is well-positioned to pursue growth opportunities while maintaining financial stability. The company also aims to add 1 million square feet of commercial space annually, further diversifying its revenue streams and enhancing long-term value for stakeholders.

Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.