February 9, 2026 |
Max Estates Crosses Rs 1,900 Cr Pre-Sales On Gurugram Housing Launch
Max Estates closed the financial year to date with strong momentum in Gurugram, crossing Rs 1,900 crore in residential pre-sales, led by the launch of its Estate 361 project, the company said on Friday.
The bulk of the bookings came from Phase 1 of Estate 361 in Sector 36A, Gurugram, which was introduced in the third quarter. The project carries a gross development value of around Rs 2,500 crore and is spread over 18.23 acres, with more than 2.5 lakh square feet earmarked for forest-themed green spaces. The company said average price realisation at the project is about Rs 22,000 per square foot, reflecting a sharp premium over the surrounding micro-market.
On the commercial side, Max Estates Limited said it has entered into a binding letter of intent to pre-lease nearly 200,000 square feet at its Max District project in Sector 65, Gurugram. The transaction, signed around three years ahead of the project’s completion, is expected to generate gross rentals of more than Rs 270 crore over the lease tenure, at a 35 per cent premium to prevailing market rentals.
For the nine months ended December 2025, the company reported consolidated revenue of Rs 150 crore and a profit after tax of Rs 20 crore. Lease rental income from operational assets rose 38 per cent year-on-year to Rs 115 crore, supported by improving occupancy and escalations.
As of December 2025, Max Estates had cash and cash equivalents of Rs 1,284 crore, compared with total debt of Rs 1,698 crore.
The company also expanded its development pipeline during the period, acquiring a 10.33-acre land parcel in Sector 105, Noida. The first phase of the project is estimated to have a gross development value of over Rs 3,000 crore.
Shares of Max Estates Limited were trading at Rs 398.90 in afternoon trade, up Rs 18.45, or 4.85 per cent, on the day.
Source – BusinessWorld
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