Max Estates Records Strong Growth with ~INR 3,200 Crore

MAXESTATES DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 -Key Highlights - Impressive Pre-Sales Growth: Max Estates achieved pre-sales of INR 2,092 crore in Q2 FY27, marking an approximate 14-fold year-on-year growth and bringing the total H1 FY27 pre-sales to INR 3,184 crore. Doubled Collections: Collections doubled year-on-year to reach INR 560 crore in Q2 FY27, taking the half-yearly total collections to INR 1,051 crore. Robust Commercial Portfolio: Operational assets including Max Towers (Noida), Max House Phase I & II (Okhla), and Max Square (Noida) maintained 100% occupancy. Strategic Expansion in NCR: The company signed an MoU for a proposed joint development of ~9.76 acres in Indirapuram, Ghaziabad (estimated GDV of INR 2,500–3,000 crore), alongside an MoU for the proposed acquisition of ~84.71 acres in West Delhi with an estimated GDV potential of INR 10,000–12,000 crore. Strong Pipeline & Financial Position: The balance gross development value (GDV) pipeline stands at over INR 29,000 crore. As of September 30, 2026, cash and cash equivalents (including RERA balances) stood at INR 1,898 crore, with a net debt of ~INR 219 crore. Sustainability Recognition: Max Estates secured a Dual 5-Star GRESB Rating for the second consecutive year in 2026, alongside receiving the British Safety Council’s Sword of Honour for Max Towers and Max Square. Read Disclaimer/Disclosure : click to link in Bio