Max Estates Eyes Rs. 6,500 Cr Pre-Sales in FY26

Key Highlights

• Record Pre-Sales in FY25: Max Estates achieved over Rs. 5,300 Crore in pre-sales bookings, exceeding guidance, and targets Rs. 6,000–6,500 Crore for FY26—a 15–20 percent growth.
• Estate 128 Fully Sold: Estate 128 (Phase 1 & 2) in Noida sold out with bookings worth Rs. 2,700 Crore; Phase 2 achieved over 40 percent higher pricing due to strong demand for design-led, hospitality-focused homes.
• Major Upcoming Projects: Two major launches are planned—an 18.23-acre project (Rs. 9,000 Crore GDV) in Q2 FY26 and revival of ‘Delhi One’ in Noida (Rs. 2,000+ Crore GDV) in Q3 FY26, with Rs. 120 Crore in expected annuity income.

On the announcement of the audited Q4 & FY25 financial results Sahil Vachani, Vice Chairman & MD of Max Estates said, “The Real Estate market in Delhi NCR is poised for robust and sustained growth with large-scale infrastructure enhancements accelerating urbanization and significantly boosting the region’s attractiveness as a premier hub for both residential and commercial experiences.

In FY25, we exceeded our full-year guidance, achieving pre-sales booking value of INR 5300+ Crore. We plan to deliver pre-sales bookings of INR 6,000-6,500 Crore in FY26, a 15-20 percent growth over FY25. Further, our commercial portfolio continues to be 100 percent occupied with significant premiums to micro-markets.

We are confident that both housing and office space demand will remain strong and plan to build on this momentum by steadily launching new projects from our diverse pipeline with a very deep focus our LiveWell and WorkWell ideology.”

Read More: Max Estates Acquires Stalled 'Delhi One' Project - Invests Rs. 1,400 Crore

The company’s estate project in Noida (128 Estate. Phase 1 and Phase 2) sold all units for approximately INR 2,700 Crore and 628 Crore has been collected so far. Because there was a lot of demand for homes with a focus on design and hospitality, Phase II of Estate 128 was sold for 40 percent more than Phase I.

The development of 18.23 acres by Max Estates, with development potential of ~4 million square feet next to Estate 360, could be valued at INR 9,000 Crore and is set for launch in Q2 fiscal year 2026.

The NCLT and NCLAT have given the final okay for Max Estates to go forward with reviving the ‘Delhi One’ development in Sector 16B, Noida. About 2.5 mn sq. ft. of the 10-acre (34,696 sq. mt.) land parcel will be used for the project. The planned launch of this project for Q3 FY26 offers translates to a Gross Development Value (GDV) of INR 2,000+ Crore and annuity income of ~INR 120 Crore.