Max Estates Reports INR 5,305 Crore Pre-Sales for FY2026, Driven by Q4 Performance
Max Estates Limited, a prominent real estate developer in the National Capital Region (NCR), announced its pre-sales performance for the financial year 2026, achieving a total pre-sales volume of approximately INR 5,305 crore. This performance solidifies the company's standing among top developers in India. The fourth quarter alone contributed significantly to this total, accounting for approximately INR 3,392 crore.The company reported sustained performance, marking the second consecutive year of surpassing INR 5,000 crore in pre-sales. For comparison, FY25 recorded pre-sales of INR 5,321 crore.
Project Performance Highlights
The company's performance was buoyed by key project launches:- Estate 361, Gurugram: This launch, which was India's first forest-anchored intergenerational residential community, achieved pre-sales of approximately INR 1,704 crore. Launched in December 2025, the development features over 250,000 sq. ft. of forest greens and 1,000+ indigenous trees across about 18.23 acres.
- Estate 105, Noida: Launched on March 20, 2026, Estate 105 saw pre-sales reaching approximately INR 1,783 crore within just 10 days of its launch.
- Max One, Noida: Contributing approximately INR 1,415 crore to the FY26 pre-sales, Max One represents a revitalization of the 'Delhi One' project.
Balance Sheet and Operational Scale
Max Estates maintains a strong financial standing. As of March 2026, the company's Debt stood at approximately INR 1,859 crore, which includes LRDs of INR 968 crore. Correspondingly, Cash and Cash Equivalents as of March 2026 were INR 1,685 crore, resulting in a net debt of approximately INR 174 crore.The company's operational scale has shown structural growth over the last three years:
| Financial Year | Operational Scale |
|---|---|
| FY 2024 | INR 1,841 Crore |
| FY 2025 | INR 5,321 Crore |
| FY 2026 | INR 5,305 Crore |
Future Growth Trajectory
The outlook for FY27 remains positive, supported by a total Gross Development Value (GDV) pipeline exceeding INR 16,000 crore. This pipeline includes Estate 105, Max One, Estate 361, and a residential community planned for Sector 59, Gurugram.The commercial portfolio remains fully leased, generating an annual rental income of over INR 150 crore. Furthermore, the overall commercial portfolio is positioned for potential annuity rental income of over INR 700 crore on a 100% basis within the next five years.
Sahil Vachani, Vice Chairman & Managing Director of Max Estates, noted that achieving ~INR 5,305 crore in pre-sales for two consecutive years, supported by a strong INR 3,392 crore inflow in Q4, reflects the resonance of the company's wellness-focused experiences. He added that the strong sales momentum from Estate 105 and Estate 361 validates the appeal of thoughtfully designed, wellness-led communities.
MAXESTATES Stock Price Movement
Max Estates Limited shares are currently trading at ₹336.25, having traded between ₹327.6 and ₹339.25. The stock shows moderate activity with a volume of 36,474 shares traded so far.Source:
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