Max Estates FY26 pre-sales dip slightly to Rs 5,305 crore as realty growth stays flat

Fourth quarter accounted for Rs 3,392 crore of the total volume. In December 2025, company launched Estate 361 in Sector 36A, Gurugram, which reported Rs 1,704 crore pre-sale. Another project Estate 105 in Noida, launched in March, 2026, reported Rs 1,783 crore in pre-sales. Launched with RERA approval in March, 2026, Max One, Noida, Rs 1,415 crore to FY26 pre-sales. Max Estates' acquisition of Boulevard Projects Private Limited (BPPL) and subsequent RERA clearance provided nearly a decade's worth of relief to erstwhile homebuyers. The company has achieved collections of Rs 1,578 crore in FY26. “Across all our projects, annual collections typically range between 20–25% of the sales value and project cost, enabling the company to undertake construction without incurring any incremental debt for our residential projects,” a company spokesperson said. “As we enter FY27, we have high visibility on growth with a total GDV pipeline of Rs 16,000 crore, while maintaining a strong balance sheet with net debt of Rs 174 crore as on date,” said Sahil Vachani, Vice Chairman & Managing Director of Max Estates. Commercial portfolio is 100% leased with over Rs 150 crore annual rental, with the overall commercial portfolio expected to be an annuity rental income potential of over Rs 700 crore on a100% basis (across delivered, under construction and in acquisition), in the next five years. The company plans to add 1 million sq. ft. in the commercial segment every year. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online. (Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online.