Max Estates Achieves ₹1,900+ Crore Pre-Sales in Gurugram, Launches Forest-Anchored Estate 361 with ₹2,500 Crore GDV

New Delhi, February 9, 2026, IST: Max Estates Limited (BSE: 544008 | NSE: MAXESTATES) today reported strong operating momentum alongside its unaudited Q3 and nine-month FY26 performance, driven by robust residential demand in Gurugram and accelerating commercial leasing traction. The company has crossed ₹1,900 crore in pre-sales year-to-date in Gurugram, underpinned by the launch of its latest LiveWell residential project, Estate 361.

Key Operating Highlights​

Estate 361 Launch, Gurugram​

Max Estates launched Phase 1 of Estate 361 in Sector 36A, Gurugram, a forest-anchored residential community with a Gross Development Value of approximately ₹2,500 crore. The project is spread across 18.23 acres and integrates over 2,50,000 sq ft of forest greens with more than 1,000 indigenous trees. Average price realisation currently stands at around ₹22,000 per sq ft, representing a premium to the prevailing micro-market and to the company’s earlier Estate 360 project.
The development also includes Senior Living Residences managed by Antara Senior Living Limited and an Antara Integrated Wellness Centre, reinforcing the company’s wellness-led LiveWell philosophy.

Pre-Sales Momentum​

The Gurugram residential portfolio has delivered over ₹1,900 crore in pre-sales to date, reflecting sustained demand for differentiated and wellness-centric housing.

Residential Portfolio Progress​

In addition, Max Estates has secured development rights for a 7.25-acre luxury residential parcel in Sector 59, Gurugram, with development potential of about 1.3 million sq ft and GDV potential exceeding ₹3,000 crore, targeted for launch in Q4 FY27.

Launch Pipeline and Outlook​

Following the Estate 361 launch, the company has a secured residential launch pipeline with GDV potential of around ₹14,500 crore. Planned launches in Noida, including Max One, Sector 16B, and a project in Sector 105, aggregate to approximately ₹5,000 crore GDV, targeted for Q4 FY26.

Commercial Portfolio Update​

Leasing and Rentals​

Max Estates reported a binding letter of intent for pre-leasing around 200,000 sq ft at Max District, Sector 65, Gurugram, translating into gross rentals exceeding ₹270 crore over the lease period. The transaction was concluded three years ahead of project completion at a 35 percent-plus premium to prevailing micro-market rentals.
Operational commercial assets continue at 100 percent occupancy:
The overall commercial portfolio is positioned to deliver annuity rental income potential of over ₹723 crore over the next five years on a 100 percent basis.

Sustainability Initiative​

The company has initiated solar power sourcing at Max Square, marking the first step toward its goal of transitioning 50 percent of portfolio energy usage to renewable sources by 2030.

Consolidated Financial Highlights (9M FY26)​

Total leased area stood at 1.23 million sq ft as of December 31, 2025.

Management Commentary​

Sahil Vachani, Vice Chairman and Managing Director, said the strong response to Estate 361 validates the company’s differentiated, wellness-led strategy. He highlighted early commercial pre-leasing at Max District as evidence of the strength of the WorkWell platform and noted that a strong balance sheet positions the company to scale with discipline.

About the Company​

Max Estates Limited is the real estate arm of the Max Group, established in 2016. The company focuses on sustainable, Grade A residential and commercial developments across Delhi NCR, anchored on its LiveWell, WorkWell and PlayWell platforms. Max Estates Limited is listed on both the NSE and BSE.

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