Max Estates Limited — Updates, 07-02-2025: Press Release

Max Estates Limited has reported record growth driven by significant land acquisitions and robust pre-sales performance, with total pre-sales reaching INR 5,200 crore in just nine months. The company secured 10.33 acres of prime land in Noida for approximately INR 711 crore, with development potential of over 2.6 million sq. ft. This mixed-use project is projected to have a Gross Development Value (GDV) exceeding INR 3,000 crore and a potential annual rental income of around INR 140 crore.

In its residential sector, Max Estates surpassed sales expectations, achieving INR 869 crore in pre-sales for Phase II of Estate 128, reflecting a 40% price premium over Phase I, while Estate 360 in Gurugram reached pre-sales of INR 4,325 crore with 90% sold. Consolidated financials for 9M FY25 show revenues of INR 121 crore, with EBITDA of INR 35 crore and PAT of INR 12 crore. With upcoming projects and a strong market position, the company has a positive outlook for sustained growth and value creation in the Delhi NCR region, aiming to add 3 million sq. ft. annually to its portfolio.