Max Estates reports ₹3,200 crore in H1 FY27 pre-sales

What Max Estates announced

Max Estates Limited, a Delhi-NCR focused developer listed on the NSE and BSE, released a sales update on October 6, 2026. The company said its pre-sales for the first half of FY27 (April to September 2026) reached approximately ₹3,200 crore. The release was submitted to both BSE and the National Stock Exchange of India the same day. Abhishek Mishra, Company Secretary and Compliance Officer, signed the exchange submission.

The update covered the company's residential projects in Noida and Gurugram. The release named two projects as the main contributors: Max One in Noida and Estate 361.

The quarter in numbers

According to the company, pre-sales in the second quarter of FY27 were approximately ₹2,100 crore. That compares with ₹156 crore in the same quarter of FY26, an increase the company puts at 1,246%. Units sold rose from 24 in Q2 FY26 to 274 in Q2 FY27. Collections in the quarter were approximately ₹560 crore.

Project-level contributions

• Max One, Noida: ₹584 crore of Q2 FY27 pre-sales.
• Estate 361: ₹1,747 crore of H1 FY27 sustenance sales, including ₹962 crore in Q2 FY27.

The release did not give unit configurations, project land sizes or project-wise RERA registration numbers for these projects. Those details should be checked against the relevant RERA portals before any purchase decision.

The company's collection model

Max Estates said that annual collections across its projects typically equal 20–25% of sales value. The company said this pattern allows it to build residential projects without taking on incremental debt. This is the company's own description. The release did not include a debt figure or a cash-flow statement that would allow outside verification of the claim.

Pricing and product range

The company described its NCR residential price points as ₹3.50 crore to ₹35 crore. It said the range covers everything from residences aimed at millennial buyers to senior living. The company attributed its sales to sustained buyer interest and confidence in its residential offering.

Commercial portfolio

Max Estates also reported on its commercial assets. It said its commercial portfolio is 100% leased and generates more than ₹160 crore in annual rental income. It said the portfolio, including delivered assets, projects under construction and assets in acquisition, could generate more than ₹700 crore in annual rental income within five years on a 100% ownership basis. No completion date was given for that target.

What comes next

The company said major residential launches are planned in Noida and Gurugram in the third and fourth quarters of FY27. No specific launch dates were announced. Max Estates also said it aims to add 2 million sq ft of residential development and 1 million sq ft of commercial space each year. These are company aspirations, not committed timelines.

For buyers, the practical next steps are the launch announcements themselves, which will carry the project-specific RERA registration, configuration and pricing details that the October 6 release did not include.

Context for buyers and investors

The figures are unaudited company statements made in a sales update, not financial results. Pre-sales are bookings and agreements to sell, and they are not the same as revenue recognised in the accounts. Collections are cash received from buyers. A reader comparing these numbers with later reported results should check how the company defines each measure in its formal quarterly filings.

For home buyers, the release shows the scale of the company's current sales in Noida and Gurugram. It does not show the price, possession timeline or legal status of any individual unit. Those details are set out in each project's RERA filing and agreement.