Max Estates Achieves Over ₹5,300 Crore in FY25 Pre-Sales, Sets Sights on ₹6,500 Crore Target for FY26

Mumbai, May 23, 2025: Max Estates Limited (NSE: MAXESTATES | BSE: 544008), the real estate subsidiary of the Max Group, has reported an impressive pre-sales figure exceeding ₹5,300 crore for the financial year FY25. This marks a remarkable 300% year-on-year increase, significantly surpassing its initial guidance. Building on this momentum, the company has now set an ambitious pre-sales target of ₹6,000–6,500 crore for FY26.

FY25 Financial Performance Snapshot

Strong Residential Performance

The company’s residential segment has been a key growth driver:

• Estate 128, Noida (Phases I & II): Fully sold with total bookings worth ₹2,700 crore. So far, ₹628 crore has been collected (~23%). Notably, Phase II commanded over 40% premium in pricing compared to Phase I.
• Estate 360, Gurugram: Registered bookings of ₹4,428 crore, with ~92% of units sold. The company has collected ₹807 crore (~18%) to date.

Upcoming Residential Developments:

• A 4 million sq. ft. joint development adjoining Estate 360 with a gross development value (GDV) of ₹9,000 crore is slated for launch in Q2 FY26.
• Across FY26 and FY27, Max Estates plans to launch projects spanning 7 million sq. ft., representing a GDV exceeding ₹14,000 crore.

Mixed-Use and Commercial Developments

Max Estates continues to expand its commercial footprint with strategic acquisitions and project launches:

• Delhi One, Noida (Sector 16B): Having secured approvals from NCLT and NCLAT, the project is set to launch in Q3 FY26. It has a 2.5 million sq. ft. development potential and a GDV of ₹2,000+ crore.
• Sector 105, Noida: The company acquired a 10.33-acre plot for ₹711 crore, earmarked for a 2.6 million sq. ft. development with a GDV of ₹3,000+ crore.
• Max Towers, Max House, and Max Square: These flagship commercial properties are operating at near-full or full occupancy. The combined lease rental income for FY25 stood at ₹110 crore.

Future Commercial Pipeline

• Max Square Two, Noida: A 1 million sq. ft. project expected to achieve occupancy by Q2 FY28.
• Sector 65, Gurugram: With a total development area of 1.6 million sq. ft., the project will be delivered in phases—40% by Q2 FY28 and the remaining 60% by Q3 FY29.

Projected annuity income from operational and under-development commercial assets is estimated to exceed ₹700 crore over the next five years.

Strategic Investments and Partnerships

Max Estates has further strengthened its financial backing through expanded collaboration with New York Life Insurance Company (NYL), which has committed an additional ₹550 crore across two of the company’s projects. This brings NYL’s total investment in Max Estates to approximately ₹1,800 crore.

Leadership Perspective

Sahil Vachani, Vice Chairman and Managing Director, commented:

“The Delhi-NCR real estate landscape is witnessing significant growth, propelled by infrastructural advancement and rapid urbanisation. We’ve not only exceeded our FY25 targets but are also optimistic about continued momentum in both residential and commercial sectors. Our design-led approach and our LiveWell and WorkWell philosophy are resonating deeply with discerning homebuyers and corporate clients alike.”

Forward Outlook

Looking ahead, Max Estates is focused on expanding its residential footprint by at least 2 million sq. ft. annually. With a robust ₹1,785 crore cash reserve, a healthy balance sheet, and a well-diversified portfolio of 17 million sq. ft., the company is well-positioned to solidify its standing as a premier real estate brand in the National Capital Region.

Disclaimer: This content is only for informational purpose. It does not make any recommendation to act or invest. Please read the offer documents carefully before investing. Investments are subject to market risks and other risks. There is no guarantee of the actual returns that will be given.

REF: https://nsearchives.nseindia.com/corporate/MEL_22052025234025_20250522PressreleaseInt.pdf