According to the company’s exchange filing pre-sales in the second quarter increased by 91% on a sequential basis to ₹2,100 crore, while its collections rose 12% to ₹560 crore.
The company said it sold 274 units across projects in Noida and Gurugram during the quarter.
In the first half of the ongoing fiscal, Max Estates reported pre-sales of ₹3,200 crore. It said this was driven by sustained buyer interest and continued confidence in the company’s differentiated approach to wellbeing-led real estate.
Max Estates said it has entered the second half of FY27 with major launches planned across Noida and Gurugram in the third and fourth quarters.
From millennial-focused residences to senior living, and with price points ranging from ₹3.5 crore to ₹35 crore, Max Estates said it offers a differentiated residential portfolio catering to a wide spectrum of homebuyers across Delhi NCR. The company said it is also looking at adding 2 million square feet in the residential segment every year.
Max Estates said its commercial portfolio continues to be 100% leased with annual rental of over ₹160 crore, with the overall commercial portfolio poised for an annuity rental income potential of over ₹700 crore on a 100% basis in the next five years. It said it aspires to add 1 million square feet in the commercial segment every year.Shares of Max Estates, having made an intraday high of ₹578.45, are now off the highs of the day, currently trading below the flat line at ₹562.55. The stock is up 23% so far this year.
Also Read: Meesho Q2 Update: Content Commerce NMV more than triples, shares jump 6%