Max Estates Limited has reported strong pre-sales of ₹5,305 crore in FY2026, reinforcing its position among India’s top-tier developers. The fourth quarter alone contributed ₹3,392 crore, highlighting robust demand across projects. This marks the second consecutive year of surpassing the ₹5,000 crore milestone (FY25: ₹5,321 crore), underscoring the company’s end-user–centric approach.
Project-Wise Highlights
- Estate 361, Gurugram: Delivered pre-sales of ~₹1,704 crore. India’s first forest-anchored intergenerational community, launched in December 2025, achieved premium pricing of ~₹22,000 per sq. ft., validating demand for wellness-led living.
- Estate 105, Noida: Recorded ~₹1,783 crore in just 10 days post-launch on March 20, 2026, with strong momentum on its ~₹3,000 crore GDV pipeline.
- Max One, Noida: Contributed ~₹1,415 crore, including bookings recognized post-RERA approval. The revival of the long-stalled Delhi One project brought relief to homebuyers and positioned Max One as a landmark integrated destination.
The company achieved collections of ~₹1,578 crore in FY26, maintaining efficiency levels of 20–25% of sales value across projects. Debt stood at ~₹1,859 crore, with cash and equivalents of ₹1,685 crore, resulting in a net debt of only ~₹174 crore — reflecting a strong balance sheet. Sahil Vachani, Vice Chairman & Managing Director, said “Achieving ~₹5,305 crore in pre-sales for the second consecutive year, with ₹3,392 crore in Q4 alone, reflects the strong resonance of our wellbeing-focused LiveWell and WorkWell offerings. With a robust pipeline and strong balance sheet, we enter FY27 with high visibility on growth.”
Operational Trajectory
Max Estates has demonstrated a structural scale-up:
- FY24: ₹1,841 crore
- FY25: ₹5,321 crore
- FY26: ₹5,305 crore
Maintaining this run rate in a volatile macro environment cements its reputation as a resilient, high-growth developer.
Entering FY27, Max Estates has visibility on a ₹16,000+ crore GDV pipeline, including Estate 105, Estate 361, Max One, and a new residential community in Gurugram’s Sector 59. The company aims to add 2 million sq. ft. annually in residential and 1 million sq. ft. annually in commercial, with its commercial portfolio already 100% leased and poised for ₹700+ crore annuity rental potential in five years.
