Max Estates Q1 Update: Pre-sales surge over 5x to ₹1,100 crore; sells 487 homes

Realty firm Max Estates Ltd on Friday (July 3) reported pre-sales of around ₹1,100 crore for the first quarter of FY2027, more than five times higher than the corresponding period last year, led by the fully sold Phase 1 launch of The Terraces and sustained sales across existing projects.

The real estate developer sold 487 units across its projects in Noida and Gurugram during Q1FY2027, compared with 43 units in Q1FY2026, marking more than a ten-fold increase in volumes. Phase 1 of The Terraces was fully sold during the quarter, generating sales realisation of around ₹500 crore, while sustenance sales contributed another ₹600 crore.

The company also reported collections of around ₹500 crore in the quarter. It said annual collections across its projects typically account for 20-25% of sales value, enabling it to undertake construction for its residential projects without incurring incremental debt.

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“Our Q1FY2027 pre-sales of around ₹1,100 crore were driven by sustained buyer interest and continued confidence in our wellbeing-led real estate approach built around the LiveWell and WorkWell philosophy,” the company said in a regulatory filing.

Max Estates said it has entered FY2027 with a gross development value (GDV) pipeline of over ₹17,200 crore, comprising Estate 105, Max One, Estate 361 and its residential community in Sector 59, Gurugram. The company plans major launches in Noida and Gurugram during the second and third quarters of FY2027.

“The company entered FY27 with high visibility on growth, with a total GDV pipeline of over ₹17,200 crore set to fuel growth from FY27 onwards, while major launches in Noida and Gurugram are planned in Q2 and Q3,” the company said.

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Max Estates said it aims to add 2 million square feet to its residential portfolio every year.

On the commercial segment, the company said its portfolio remains 100% leased, generating annual rental income of over ₹150 crore. It expects the overall commercial portfolio, including delivered, under-construction and acquisition assets, to have an annuity rental income potential of more than ₹700 crore on a 100% basis over the next five years.

The company also said it aspires to add 1 million square feet to its commercial portfolio annually.

Shares of Max Estates Ltd ended at ₹425.10, up by ₹4.40, or 1.05%, on the BSE.

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