Q1 FY2027 Performance Summary

Pre-Sales Performance:

Max Estates Limited reported a pre-sales value of approximately INR 1,100 crore for the first quarter of the financial year 2027 (Q1 FY2027). This represents a significant increase of more than 5 times (5x+) compared to the pre-sales achieved in Q1 FY2026.

Unit Sales:

The company sold a total of 487 units across its projects in Noida and Gurugram during the quarter. This represents a growth of more than 10 times compared to the 43 units sold in Q1 FY2026.

Breakdown of Pre-Sales:

  • New Launch - The Terraces (Phase 1): The newly launched Phase 1 of 'The Terraces' was fully sold, generating sales realizations of approximately INR 500 crore.
  • Sustenance Sales: The company achieved strong sustenance sales of approximately INR 600 crore from its existing projects.

Collections:

The company reported collections of approximately INR 500 crore for Q1 FY2027. The document notes that across all projects, annual collections typically range between 20% to 25% of the sales value. This collection performance enables the company to undertake construction for its residential projects without incurring any incremental debt.

Future Outlook and Growth Pipeline

Gross Development Value (GDV) Pipeline:

The company entered FY2027 with a total GDV pipeline of approximately INR 17,200+ crore. This pipeline is expected to fuel growth from FY2027 onwards. Key projects in the pipeline include Estate 105, Max One, Estate 361, and a high-potential residential community in Sector 59, Gurugram.

Future Launches and Expansion Aspirations:

  • Major project launches in Noida and Gurugram are planned for Q2 and Q3 of FY2027.
  • The company aspires to add 2 million square feet of development in the residential segment every year.
  • The company also aspires to add 1 million square feet of development in the commercial segment every year.

Commercial Portfolio Performance:

  • The company's commercial portfolio continues to be 100% leased.
  • It currently generates an annual rental income of INR 150+ crore.
  • The overall commercial portfolio (across delivered, under construction, and in acquisition) has an annuity rental income potential of INR 700+ crore on a 100% basis, which is expected to be realized in the next five years.

Company Philosophy

The performance is attributed to sustained buyer interest and confidence in the company's differentiated approach to wellbeing-led real estate, which is built around its 'LiveWell' and 'WorkWell' philosophy. The company cites resilient underlying demand as a strong foundation for its long-term growth trajectory.