Max Estates Limited — Credit Ratings, 13-08-2026: Credit Rating

ICRA Limited has assigned Max Estates an Issuer Rating of [ICRA] A+ with a Stable outlook. The rating is driven by strong residential pre-sales of Rs. 5,305 Cr and collections of Rs. 1,578 Cr in FY2026. Factors also include robust 100% occupancy in commercial assets, expected cash flow growth, comfortable leverage, and support from the experienced Max Group.