Real estate developer Max Estates Ltd reported a more than fivefold increase in sales bookings to ₹1,100 crore during the first quarter of the current financial year, driven by robust demand for its premium residential projects across Delhi-NCR.
The company had recorded ₹217 crore in housing sales during the corresponding quarter of the previous financial year, highlighting a significant year-on-year improvement in its residential business performance.
As part of the Max Group, Max Estates released its operational update for the April-June quarter and reported strong momentum across its housing portfolio. During the June quarter, the company launched a new residential project in Gurugram with an estimated revenue potential of ₹500 crore, further strengthening its pipeline of premium developments.
Nitin Kansal, Chief Financial Officer (CFO), Max Estates, said, “Built on the momentum of the last fiscal, we have registered more than five times growth in sales bookings in the June quarter as against the corresponding period of 2025-26 because of homebuyers’ overwhelming response.”
He further added, “The sales figure reflects that Max Estate is one of the most trusted brands in the Delhi-NCR, particularly in the micro markets of Gurugram and Noida.”
Kansal emphasized that the company witnessed strong customer demand across its newly launched housing projects as well as under-construction developments. According to him, homebuyers continue to prefer reputed developers with a proven track record of timely project execution and strong financial stability.
Although Max Estates achieved record sales of ₹5,305 crore during the previous financial year, compared with ₹5,321 crore in the preceding fiscal, the company remains optimistic about sustaining its growth trajectory. Consequently, it has lined up a strong pipeline of residential launches for the current financial year to capitalize on healthy market demand.
Kansal also highlighted that residential real estate demand continues to remain resilient, particularly in the premium housing segment. He noted that buyers increasingly prefer established developers capable of delivering high-quality projects within committed timelines.
In addition to expanding its project portfolio, Max Estates continues to pursue strategic land acquisitions. The company plans to acquire two to three land parcels with a combined development potential of nearly 3 million square feet of saleable area during the current financial year.
While the company did not acquire any land during the first quarter, Kansal confirmed that Max Estates is actively evaluating multiple acquisition opportunities across key markets.
Apart from residential developments, Max Estates continues to strengthen its commercial real estate portfolio. The company currently operates three completed office complexes across Delhi and Noida, which generated approximately ₹150 crore in rental income during the previous financial year.
Furthermore, the developer currently has three residential projects under construction and is simultaneously developing two mixed-use projects that combine residential and commercial spaces. Overall, Max Estates has built a diversified portfolio comprising 18.4 million square feet of completed and ongoing developments.
On the financial front, Max Estates reported a net profit of ₹15.5 crore on a turnover of ₹200 crore during the previous financial year, reflecting its continued focus on profitable and sustainable growth.
The company’s latest operational performance reinforces the strong momentum in the Delhi-NCR real estate market, where premium housing demand continues to remain resilient despite evolving market conditions. With an expanding project pipeline, strategic land acquisition plans, and sustained buyer confidence, Max Estates appears well-positioned to maintain its growth trajectory in the coming quarters.
