Max Estates Hits INR 5,305 Crore Pre-Sales Milestone for FY2026

New Delhi, April 6, 2026: Max Estates Limited announced today that it has achieved total pre-sales of approximately Rs 5,305 crore for the fiscal year 2026. This performance marks the second consecutive year the company has surpassed the Rs5,000 crore threshold, following a record Rs 5,321 crore in FY25. The company’s growth trajectory was significantly bolstered by a massive fourth quarter, which accounted for Rs 3,392 crore of the total annual volume, the company said in a press statement. 

The surge in Q4 was largely driven by the rapid market reception of Estate 105 in Noida. Launched on March 20, 2026, the “movement-first” residential community clocked approximately Rs 1,783 crore in pre-sales within just ten days. Similarly, Estate 361 in Gurugram, India’s first forest-anchored intergenerational community, contributed Rs 1,704 crore following its December 2025 launch. The Gurugram project achieved an average realisation of approximately Rs 22,000 per sq. ft., a premium price point that the company attributes to its “LiveWell” philosophy and ecologically curated design.

In Noida, the developer also saw significant success with Max One, a landmark integrated downtown destination. The project represents a successful turnaround of the formerly stalled “Delhi One” project. Following the acquisition of Boulevard Projects Private Limited (BPPL) and subsequent RERA approval on March 7, 2026, the project contributed Rs 1,415 crore to the fiscal year’s pre-sales. This includes Rs 1,221 crore in bookings recognized post-RERA approval, providing long-awaited relief to erstwhile homebuyers who have now been integrated into the Max Estates portfolio.

Financially, Max Estates reported a robust balance sheet with collections totaling approximately Rs 1,578 crore for FY26. The company maintains that its annual collections, typically ranging between 20–25% of sales value, allow it to fund residential construction without incurring incremental debt. As of March 2026, the company’s debt stood at Rs 1,859 crore, but with cash and cash equivalents of Rs 1,685 crore, its net debt remains at a lean Rs 174 crore.

Looking toward the future, the developer has established a GDV (Gross Development Value) pipeline of over Rs 16,000 crore to fuel growth from FY27 onwards. This pipeline includes ongoing projects and a high-potential residential community in Sector 59, Gurugram. The company’s commercial arm also remains a pillar of stability, with the portfolio 100% leased and an anticipated annuity rental income potential of over RS 700 crore within the next five years. Max Estates aims to scale further by adding 2 million sq. ft. of residential and 1 million sq. ft. of commercial space annually.

Commenting on the annual performance, Sahil Vachani, Vice Chairman & Managing Director of Max Estates, stated: “Achieving ~Rs 5,305 crore in pre sales for the second consecutive year with a remarkable Rs 3,392 crore in Q4 alone is a strong reflection of our wellbeing focused experiences that we create for our customers with our LiveWell and WorkWell offerings. This is backed by a strong collection efficiency, with ~INR 1,578 crore collected during the year. The strong sales momentum of Estate 105 and Estate 361 indicate that our belief of thoughtfully designed and wellness led communities resonate with customers. As we enter FY27, we have high visibility on growth with a total GDV pipeline of Rs 16,000+ crore, while maintaining a strong balance sheet with net debt of Rs 174 crore as on date.”

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