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Max Estates Achieves Record Pre-Sales for Second Consecutive Year

Max Estates, a Delhi-based developer, has reported pre-sales of Rs 5,305 crore in the financial year 2025-26, marking the second year in a row that the company has crossed the Rs 5,000-crore threshold. This achievement is largely attributed to the March quarter, which accounted for Rs 3,392 crore in pre-sales.

The company's Estate 105 project in Noida, launched in March, reported pre-sales of Rs 1,783 crore within 10 days of its launch, contributing significantly to the overall pre-sales figure. Other projects that delivered strong pre-sales momentum throughout the year include the Estate 361 project in Gurugram and the revived Max One project in Noida's Sector 16B.

Max Estates' financial performance was marked by a strong collection efficiency, with Rs 1,578 crore collected during the year. The company's gross debt stood at Rs 1,859 crore, including lease rent discounting of Rs 968 crore, while its cash and cash equivalents totalled Rs 1,685 crore. By the end of March 2026, Max Estates' net debt had decreased to Rs 174 crore.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Looking ahead, the company plans to launch projects worth Rs 1,600 crore in gross development value and a residential project in Gurugram's Sector 59. Its residential portfolio is set to expand by 2 million square feet, while its commercial portfolio, which currently boasts 100 percent occupancy with annual rentals of around Rs 150 crore, has the potential to deliver annuity income of Rs 700 crore over the next five years.

CategoryFY25FY26
Pre-sales (Rs crore)5,3215,305
March quarter pre-sales (Rs crore)Not available3,392
Gross debt (Rs crore)Not available1,859
Lease rent discounting (Rs crore)Not available968
Cash and cash equivalents (Rs crore)Not available1,685
Net debt (Rs crore)Not available174

Investor Takeaway

Max Estates has achieved pre-sales of Rs 5,305 crore for the second consecutive year, driven by strong demand for its projects.

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