Max Estates shares gained up to 6% on Friday following the company's exceptional Q1 FY27 results, with the stock hitting an intraday high of ₹444.75 on the BSE before closing at ₹439.05, up 1.05%. The NCR-focused real estate developer reported pre-sales of around ₹1,100 crore for the first quarter, marking a more than five-fold increase compared to the corresponding period last year. The strong market response reflects investor confidence in the company's sustained growth momentum and robust project pipeline, with the stock climbing as much as 5.7% during the day before paring most gains.
Real estate developer Max Estates Ltd reported pre-sales of around ₹1,100 crore for the first quarter of FY2027, marking a more than five-fold increase compared to the corresponding period last year. The company sold 487 units across its Noida and Gurugram projects during Q1FY2027, compared with 43 units in Q1FY2026, representing a more than ten-fold increase in volumes. Of the total pre-sales, around ₹500 crore came from the newly launched Phase 1 of The Terraces, while existing projects contributed nearly ₹600 crore through sustenance sales. The strong performance was driven by sustained buyer interest and continued confidence in the company's wellbeing-led real estate approach built around the LiveWell and WorkWell philosophy.
Max Estates entered FY2027 with a gross development value (GDV) pipeline of around ₹17,200 crore, comprising Estate 105, Max One, Estate 361 and its residential community in Sector 59, Gurugram. The company plans major launches in Noida and Gurugram during the second and third quarters of FY2027. The Terraces is an ultra-premium residential development in Sector 36A, Gurugram, located off the Dwarka Expressway. The company aims to add 2 million square feet to its residential portfolio every year and 1 million square feet to its commercial portfolio annually. The developer also reiterated its target of adding around 2 million sq. ft. of residential development and 1 million sq. ft. of commercial space every year, with the company entering FY7 with high visibility on growth.
On the commercial segment, Max Estates reported that its operational portfolio remains 100% leased, generating annual rental income of over ₹150 crore. The company expects the overall commercial portfolio, including delivered, under-construction and acquisition assets, to have an annuity rental income potential of more than ₹700 crore on a 100% basis over the next five years. The company also achieved collections of around ₹500 crore in Q1 FY27, with annual collections typically accounting for 20-25% of sales value, enabling the company to undertake construction for residential projects without incurring incremental debt for its residential projects.
