Max Estates has enhanced its presence in the Delhi-NCR real estate market. Max Estates anticipates that its residential operations will be able to generate a GDV of about ₹50,000 crore. Some recent land purchases in Noida, Delhi, and Ghaziabad have helped the firm in its growth.
In the most recent acquisition, Max Estates has acquired a land parcel covering 5.5 acres in Sector 132, Noida. The said land parcel was acquired through the process of e-auction conducted by the New Okhla Industrial Development Authority (NOIDA) at a price tag of roughly ₹272 crore.
The new land is valued at approximately ₹1,500 to 2,000 crore. The firm intends to build a mixed use project comprising of residential, commercial, retail, and amenity spaces. The proposed development is pending necessary regulatory approvals.
It also reinforces the presence of Max Estates in its existing locations of Noida. The acquired piece of land is within the 10-minute radius of its operating and ongoing developments, such as Estate 128 and Estate 105.
In addition to Noida, the developer has expanded its presence in other NCR regions as well. It has entered into an memorandum of understanding (MoU) for the joint development of a project of about 9.7 acres in Indirapuram, Ghaziabad. The project is estimated to generate a GDV of ₹2,500-3,000 crore.
Moreover, the company has also made an agreement to acquire approximately 84.7 acres in West Delhi. The development potential of this land parcel may be up to ₹10,000 to 12,000 crores.
According to the investor presentation from the company, Max Estates has started projects worth ₹18,760 crore till now. These projects have generated sales of ₹15,562 crore. Moreover, the upcoming project pipeline for the company is ₹29,058 crore.
The company is still working towards increasing its residential portfolio size. It hopes to be able to build approximately 2 million square feet of residential development every year. The size of its total portfolio has also increased from 12 million square feet in FY24 to 25.9 million square feet in FY27 H1.
Max Estates witnessed robust sales performance during the quarter ended September of FY27. The pre-sales of the company stood at ₹2,092 crore in Q2, witnessing almost 14 times increase from the same period of last year. The pre-sales of the firm during the H1 of FY27 amounted to ₹3,184 crore.
Meanwhile, the collections touched ₹560 crore in Q2 FY27. The H1 collections recorded at ₹1,051 crore.
Max group is also growing its portfolio of commercial real estate. It anticipated its commercial annuity segment to generate maximum rental revenue of around ₹700 crore in the next four years. Max Estates aims to develop around 1 million square feet of commercial properties per year.
With land additions and an increasing development pipeline, the company is positioning itself better in various real estate markets of the National Capital Region. The company’s primary aim is to increase residential launches while also developing the commercial business.
