Max Estates Gets Over ₹1,900 Crore from New Homes in Gurugram

Max Estates has sold new homes in Gurugram for more than ₹1,900 crore. This is good news for the housing market in the area. The company is also earning more money from its buildings that people rent.
By Newsroom | Real Estate, Gurugram |

Max Estates has announced pre-sales exceeding ₹1,900 crore for its Gurugram projects. This achievement signals a robust demand in the region's real estate market and contributes to the company's growth visibility. The company's operational assets also show positive performance, with lease rental income increasing.

Financial Performance and Project Details

Max Estates has reported significant pre-sales figures from its Gurugram developments. The company's lease rental income from operational properties saw a 38 percent year-on-year increase, reaching ₹115 crore.

Key highlights include:

  • Estate 361 Launch: Phase 1 of Estate 361 in Sector 36A, Gurugram, was launched in the third quarter. This project spans 18.23 acres and includes over 250,000 square feet of green space.

  • Pre-Leasing Success: The company has pre-leased 200,000 square feet at Max District, Gurugram, securing over ₹270 crore in rentals over the lease period. This deal was finalized three years before the project's completion and is reported to be at a 35 percent premium to prevailing market rents.

  • Average Price Realization: At Estate 361, the average price realization is approximately ₹22,000 per square foot, which is noted as a significant premium compared to the local market.

Expansion and Future Plans

Beyond Gurugram, Max Estates is also planning future launches and has seen success in other areas:

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  • Noida Launches: The company plans to launch projects in Noida in the fourth quarter of FY26, with an estimated value of around ₹5,000 crore.

  • Estate 128 (Noida): Phase II of the Estate 128 project in Noida has achieved pre-sales bookings of ₹869 crore, surpassing its original guidance. This project, slated for launch in FY26, has a Gross Development Value (GDV) potential of over ₹1,500 crore and an expected annuity income of ₹120 crore.

  • Strategic Acquisitions: Reports indicate recent land acquisitions and strategic moves that aim to strengthen Max Estates' position in the luxury residential market, with some acquisitions anticipated to have GDV exceeding ₹3,000 crore.

Financial Position

Max Estates maintains a notable financial standing:

  • Debt and Cash: As of a recent report, the company's total debt was ₹1,125 crore, including ₹800 crore in lease rental discounting facilities. This results in a net cash surplus of ₹309 crore.

  • Revenue and EBITDA: Consolidated revenue was reported at ₹121 crore, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) at ₹35 crore.

  • Profitability: During a reported period, the company posted a profit before tax (PBT) of ₹16 crore and a profit after tax (PAT) of ₹12 crore.

  • Cash Reserves: Another report mentioned ₹1,900 crore in cash alongside ₹1,550 crore in borrowings, indicating a strong financial position.

Expert Perspectives and Market Signals

The pre-sales figures for Gurugram indicate a positive market sentiment. The reported premium pricing achieved by Max Estates in Estate 361 suggests that the market is receptive to its offerings, especially those that are perceived as being significantly above local standards.

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  • The pre-leasing of space at a premium rate signals confidence in the long-term rental income potential of its developments.

  • The planned launches in Noida, with substantial GDV targets, suggest a strategy to leverage recent successes and expand market presence.

Conclusion

Max Estates' reported pre-sales of over ₹1,900 crore in Gurugram represent a significant commercial achievement. This performance is underpinned by the successful launch and booking of its Estate 361 project, which has realized prices at a notable premium. The company's strong lease rental income growth from operational assets, coupled with its strategic land acquisitions and planned future launches in Noida, indicates a forward-looking development strategy. The company's financial position, characterized by a net cash surplus and manageable debt levels, provides a solid foundation for its upcoming expansion initiatives. The overall trend suggests a positive trajectory for Max Estates in the Indian real estate sector.

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Sources:

Frequently Asked Questions

Q: How much money did Max Estates make from selling new homes in Gurugram?
Max Estates sold new homes for over ₹1,900 crore.
Q: What does this say about the Gurugram housing market?
It shows that many people want to buy homes in Gurugram right now.
Q: Is Max Estates doing well with its other buildings?
Yes, the company is also earning more money from buildings that are rented out by others.