Max
Estates
Limited
(MEL),
has
announced
its
unaudited
Q3
&
9M
FY25
financial
results.

Real
Estate
Portfolio
of
17
Mn.
Sq.
Ft.
Full-year
pre-sales
guidance
surpassed
in
just
9
months,
achieving
INR
5,200
crore
Recently,
the
Company,
through
a
strategic
land
acquisition
secured
10.33
acres
of
prime
land
in
Noida
with
mixed
use
development
potential
of
~2.6
Mn
Sq.
Ft.

MEL
Business
Highlights:

Mixed
–
use
Portfolio
Update:

Max
Estates
has
acquired
10.33
acre
of
prime
land
in
Sector
105
on
Noida-Greater
Noida
Expressway
for
~INR
711
Crore
with
~2.6
mn
sq.
ft.
with
a
mix
of
Residential
and
Commercial
in
a
40:60
ratio.
The
project
has
a
Gross
Development
Value
(GDV)
Potential
of
INR
3,000+
crore
and
an
annuity
rental
Income
potential
of
INR
140+
crore
mn
square
feet.
Max
Estates
has
received
NCLAT
approval
for
the
‘Delhi
One’
project
in
Sector
16B,
Noida,
spanning
34,697
sq.
meters
with
2.5
mn
sq.
ft.
of
mixed-use
development
potential.
This
project,
expected
to
be
launched
in
FY26,
has
a
Gross
Development
Value
(GDV)
potential
of
over
INR
1,500
crores
as
well
as
annuity
income
potential
of
~INR
120
crore
from
leased
inventory
of
1.2
mn
sq.
ft.
and
receivables
of
~INR
500
crores
from
the
sold
inventory.

Residential
Portfolio
Update:

Max
Estates
has
achieved
pre-sales
booking
value
of
INR
869
crores
of
Phase
II
of
Estate
128
project
in
Noida
surpassing
the
project’s
original
guidance
of
INR
800
crores
as
booking
potential
for
this
phase.
Phase
II
of
Estate
128
saw
a
40%+
price
premium
over
Phase
I,
reflecting
strong
demand
for
well-designed,
end-user-focused
residential
developments.
Combining
both
phases,
the
Estate
128
community
will
now
comprise
four
towers
with
268
units
spread
across
10
acres.
The
total
booking
value
for
the
project
is
~INR
2,730
Crores.
This
project
has
already
received
a
collection
of
INR
550
crores
(~20%).
Estate
360,
Gurugram,
achieved
a
pre-sales
booking
value
of
INR
4,325
crore
with
90%
of
the
project
sold.
This
project
has
already
received
a
collection
of
INR
645
crores.
The
Company
has
a
launch
pipeline
of
over
7
mn
square
feet
with
GDV
potential
of
INR
14,000+
Crore
to
be
launched
in
FY26
and
FY27.

Commercial
Portfolio
Update:

Max
Estates
is
in
the
process
of
acquiring
three
floors
in
Max
Towers,
Noida
from
Max
India
Limited
at
a
value
of
INR
105.08
crores.
The
said
acquisition
will
support
the
company’s
strategy
to
consolidate
ownership
in
Max
Towers,
strengthening
operational
control
and
value
within
this
premium
commercial
property.
Max
Square
has
achieved
a
93%
occupancy
within
a
year
of
launch,
commanding
30%+
premium
to
the
micro-market
showcasing
strong
leasing
traction.
Overall
commercial
portfolio
is
poised
for
an
annuity
rental
income
potential
of
over
INR
700
Crore
on
a
100%
basis
(across
delivered,
under
construction
and
in
acquisition),
in
the
next five years.

Consolidated
Financial
Highlights
(9M
FY25)

Consolidated
Revenue
stood
at
INR
121
Cr
in
9M
FY25
Consolidated
EBITDA
stood
at
INR
35
Cr
in
9M
FY25
Consolidated
PBT
stood
at
Rs
16
Cr
and
PAT
stood
at
INR
12
Cr
in
9M
FY25
Total
Leased
Area
as
on
31st
December
2024
stood
at
12
Lakhs
sq.
ft.
Total
Lease
Rental
Income
(Max
Towers
+
Max
House
+
Max
Square)
up
by
87%
YoY
to
INR
83
Cr
in
9M
FY25
Max
Asset
Services
Revenue
stood
at
INR
30
Cr
in
9M
FY25
Debt
as
on
December
2024
stood
at
INR
1,125
crore,
including
LRDs
of
INR
800
crore
Cash
&
Cash
Equivalents
as
on
December
2024
stood
at
INR
1,613
crore.
The
Company
has
a
net
cash
surplus
of
INR
309
crore

Commenting
on
the
same,

Sahil
Vachani,
Vice
Chairman
&
MD
of
Max
Estates
said,

“The
Indian
residential
real
estate
market
is
set
for
strong
and
sustained
growth
in
the
coming
years,
fueled
by
improved
affordability,
an
increasing
proportion
of
the
upper
mid-income
and
high-income
population,
and
a
notable
shift
in
consumer
preferences
towards
premium,
high-quality
living
spaces.

The
Delhi
NCR
region
is
experiencing
significant
infrastructure
upgrades,
including
advancements
in
airports,
road
networks,
and
mass
rapid
transport
systems.
These
developments
are
accelerating
urbanization
and
enhancing
the
region’s
appeal
as
a
highly
desirable
destination
for
both
residential
living
and
professional
opportunities.

In
the
first
nine
months
of
FY25,
we
exceeded
our
revised
full-year
guidance,
achieving
pre-sales
booking
value
of
INR
5,200
crore.

We
remain
deeply
focused
in
the
NCR
region
with
the
intention
to
continue
to
truly
enable
“real
well-being
in
the
real
estate
space.”

Our
strong
business
development
strategy
has
enabled
us
to
build
a
well-diversified
portfolio
of
17
million
sq.
ft.
within
Delhi
NCR
across
residential,
commercial
and
mixed
use
development
opportunities,
positioning
us
for
sustained
growth
in
the
years
ahead.

As
a
part
of
our
growth
trajectory,
we
continue
to
seek
new
growth
opportunities
and
scale
up
by
adding
at
least
3
million
sq.
ft.
every
year
to
our
current
portfolio
which
will
enable
us
to
diversify
our
footprint
in
Delhi
NCR
across
commercial
and
residential
asset
classes
through
both
JDA’s
and
outright acquisitions.”

About
Max
Estates
Limited

Established
in
2016,
Max
Estates
Limited
is
a
leading
Real
Estate
developer
in
the
NCR
region.
With
the
purpose
of
‘Enhancing
Quality
of
Life
through
spaces
it
creates’,
it
has
chosen
to
create
premium
commercial
and
residential
spaces
in
Delhi
NCR.
The
company
has
developed
a
very
well
diversified
portfolio
of
real
estate
across
the
two
asset
classes
in
Delhi
NCR
and
in
this
pursuit
has
partnered
with
New
York
Life
Insurance
Company
(NYL)
particularly
for
commercial
office
platform.

Its
marquee
delivered
projects
include
a
one-of-its-kind
commercial
office
space
Max
Towers,
on
the
edge
of
South
Delhi
that
opened
its
doors
in
2019,
Max
House
–
a
re-development
of
office
campus,
Max
Square,
located
on
a
primary
office
vector
–
Noida
Expressway
and,
222
Rajpur,
a
luxury
residential
villa
community
on
Rajpur
Road,
Dehradun.

It
has
two
under
construction
commercial
office
projects
–
Max
Square
Two,
adjacent
to
Max
Square
and
a
project
located
on
main
Golf
Course
Extension
Road
marking
its
entry
in
commercial
office
segment
in
Gurugram.

On
the
residential
front,
the
company
has
successfully
launched
and
sold
its
both
phases
of
its
first
project
in
Delhi
NCR,
Estate
128
in
Noida,
which
is
currently
under
construction.
It
also
has
successfully
launched
and
sold
its
second
project,
Estate
360
in
Gurugram
—
Delhi
NCR’s
first
intergenerational
community
at
scale—
in
the
second
half
of
CY
2024
in
Gurugram.
Max
Estates
also
has
a
real
estate
services
&
management
company
–
Max
Asset
Services.
Max
Estates
Limited
is
listed
on
NSE
and
BSE.

Max
Asset
Services
Limited
(MAS)

Max
Asset
Services
Limited
focuses
on
providing
real
estate
as
a
service
in
the
form
of
facility
management,
community
development
and
managed
offices.
It
aims
to
bring
life
into
buildings
by
implementing
the
Max
Estates’
WorkWell
philosophy
through
amenities
and
‘Pulse’,
which
focuses
on
curating
engaging
events
for
office
tenants.

Safe
Harbor
Statement

Statements
in
this
document
relating
to
future
status,
events,
or
circumstances,
including
but
not
limited
to
statements
about
plans
and
objectives,
the
progress
and
results
of
research
and
development,
potential
project
characteristics,
project
potential
and
target
dates
for
project
related
issues
are
forward-looking
statements
based
on
estimates
and
the
anticipated
effects
of
future
events
on
current
and
developing
circumstances.
Such
statements
are
subject
to
numerous
risks
and
uncertainties
and
are
not
necessarily
predictive
of
future
results.
Actual
results
may
differ
materially
from
those
anticipated
in
the
forward-looking
statements.
The
company
assumes
no
obligation
to
update
forward-looking
statements
to
reflect
actual
results
changed
assumptions
or
other
factors.

Max Estates Achieves Record Growth: Major Land Acquisitions and High-value Pre-sales Drive Momentum

Related

Anderson Diagnostics & Labs Marks Their 15-Year Journey in Healthcare Excellence