Max Estates reported pre-sales of Rs 5,305 crore for the financial year 2025–26 (FY26), showing a slight decrease compared to Rs 5,321 crore recorded in FY25. This performance occurred despite a notably strong final quarter.
During the January–March period (Q4), the company experienced a marked increase in demand, contributing Rs 3,392 crore to the total annual pre-sales. This surge was primarily driven by renewed interest in projects launched since December 2025, reflecting ongoing buyer engagement in several key urban centers.
Key Highlights
Among the significant projects, Estate 361 in Gurugram achieved pre-sales of Rs 1,704 crore. In Noida, Estate 105 accounted for Rs 1,783 crore, and the Max One project in Sector 16B secured bookings worth Rs 1,415 crore. The Max One launch took place in March 2026 following RERA approval, nearly a year after the acquisition of Boulevard Projects Private Limited, which received clearance from the National Company Law Tribunal.
In its regulatory statement, the company noted that sustaining a pre-sales level above Rs 5,000 crore for two consecutive years supports its classification as a high-growth entity, especially within the context of a fluctuating macroeconomic landscape.
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Collections for FY26 amounted to Rs 1,578 crore. The company reiterated that its annual collections typically represent about 20–25 percent of the sales value, a ratio that facilitates ongoing construction activities without the need for additional borrowing.
Vice Chairman and Managing Director Sahil Vachani highlighted a positive growth outlook. This perspective is underpinned by a development pipeline valued at Rs 16,000 crore, a net debt figure of Rs 174 crore, and planned expansions in both residential and commercial sectors.
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