MAXESTATES
Max Estates Limited (maxestates) Launches the Terraces at Estate 361, Gurugram
Max Estates Limited (MAXESTATES) launches The Terraces at Estate 361, Gurugram, offering 8 shared terraces for wellness and community.
Max Estates Limited (MAXESTATES) has launched The Terraces, its newest residential offering within Estate 361 in Sector 36A, Dwarka Expressway, Gurugram. Designed for people who want more from home than just private square footage, The Terraces brings together smart residences, shared terraces, wellness, nature and managed living within one integrated community.
Unique Features
The Terraces offers 1.5 & 2-bedroom smart homes and duplex loft residences. The project has a gross development value of ₹1,200 crore and is part of Estate 361, which has an overall GDV of ₹9,000 crore spanning 18.23 acres. The Terraces is anchored in Max Estates’ LiveWell philosophy, integrating wellness, nature, and community into everyday life.
Sustainability and Connectivity
The Terraces is IGBC Platinum Pre-certified, incorporating sustainability features including rainwater harvesting, solar energy for common areas, and energy-efficient systems. Located in Sector 36A, The Terraces benefits from strong connectivity to Dwarka Expressway, the Central Peripheral Road, and a proposed Metro corridor.
Commenting on the launch, Sahil Vachani, Vice Chairman & Managing Director, Max Estates, said: ‘At Max Estates, we believe homes should evolve with the way people live. Estate 361 is that vision – a fully intergenerational community, built on four decades of the Max Group’s ecosystem of care, designed for every stage of life. The Terraces is its most vibrant expression.’ With The Terraces, Max Estates reimagines urban living through wellness, community, and shared experiences, creating just the space you need to live inside out.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Max Estates Limited
Max Estates Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Max falls 8.0% over three months and has not found a floor yet. Revenue grows at 32.3% and profits at 101.4% CAGR. Both numbers are exceptional. The PEG of 1.28 sits close to fair value. The stock is neither a clear buy nor obviously expensive. The stock gains 4.3% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 32.3% and profits at 101.4% CAGR, with D/E of 0.53. Meanwhile, the stock dips 8.0% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Max Estates Limited.
MAXESTATES
Max Estates Limited (maxestates) Enters into Binding MOU for Ghaziabad Joint Development
Max Estates Limited (MAXESTATES) announces a Binding MOU for a Joint Development Agreement on a 9.76-acre land in Ghaziabad, unlocking a ₹2,500-3,000 crore G.
Max Estates Limited (MAXESTATES) announced today that it has entered into a Binding Memorandum of Understanding (MOU) for a proposed Joint Development Agreement (JDA) for a ~9.76-acre land parcel in Ghaziabad. This marks a significant step for Max Estates as it extends its footprint in the NCR beyond Noida, Gurugram, and Delhi. The agreement envisages a super built-up development potential of ~1.5 million sq. ft., unlocking an estimated GDV (Gross Development Value) of ~INR 2,500-3,000 crore.
Strategic Expansion
The land parcel is strategically located along National Expressway-3, offering superior connectivity from both Delhi and Noida. It is also situated near the Akshardham Temple and overlooks the green buffer zone of the Hindon River, providing a serene environment for future developments.
Capital-Light Structure
The proposed transaction is structured on a capital-light basis, with the landowner compensated through a revenue-sharing arrangement. This innovative approach ensures that Max Estates can undertake the project without significant upfront capital expenditure. The transaction is subject to satisfactory completion of due diligence, receipt of all requisite approvals, and execution of the JDA.
As a result, Max Estates is poised to enhance its well-being-focused development philosophy, offering sustainable, grade A residential and commercial spaces in Ghaziabad. This strategic move aligns with the company’s vision to become the most preferred real estate brand in the NCR.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Max Estates Limited
Max Estates Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Max gains 35.9% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI hits 77, a level that signals the stock runs hot. Notably, buyers drove volume on 23 recent sessions — though at these levels, some profit-taking is normal. The stock rises 35.9% in three months on 22.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Max Estates Limited.
MAXESTATES
Max Estates Limited Acquires 84.71-acre Land Parcel in Delhi Via Non-cash Share Swap
Max Estates Limited (NSE: MAXESTATES) acquires 84.71-acre land parcel in Delhi via non-cash share swap, unlocking INR 10,000-12,000 crore GDV.
Max Estates Limited (NSE: MAXESTATES) announced today its entry into the Delhi residential market through the acquisition of an 84.71-acre land parcel via a non-cash share swap. This strategic move unlocks an estimated GDV (Gross Development Value) of INR 10,000-12,000 crore over the next few years. The transaction, structured entirely as a non-cash share swap, involves Max Estates issuing up to 70 lakhs equity shares at INR 597.50 per share, aggregating up to INR 420.2 crore.
Strategic Business Rationale
This acquisition marks Max Estates’ expansion into Delhi, complementing its existing portfolios in Noida and Gurugram. The land, situated at the heart of Delhi’s westward infrastructure build-out, offers a multi-year, phase-able land bank, enabling forward visibility while preserving cash for other land opportunities. The transaction provides first-mover access to one of the few remaining sizeable land parcels in Delhi, offering significant value creation potential.
Robust Valuation and Governance
The land was independently valued by two leading global property consultancies, Cushman & Wakefield and iVAS Partners. The share-exchange ratio was determined by KPMG Valuation Services LLP, and a fairness opinion was issued by Motilal Oswal Investment Advisors Limited. This transaction, one of the few instances of promoter-owned land being acquired through a share-swap mechanism, aligns promoter economics with the value-creation potential of the underlying project.
As a result, Max Estates is well-positioned to leverage this substantial land parcel to develop an integrated, mixed-format project over the next several years, providing multi-year revenue visibility without the need for repeated fresh land acquisition.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Max Estates Limited
Max Estates Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Max gains 21.4% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI hits 73, a level that signals the stock runs hot. Notably, buyers drove volume on 15 recent sessions — though at these levels, some profit-taking is normal. The stock rises 21.4% in three months on 22.9% revenue growth. As a result, the market gives it more credit than the fundamentals strictly justify. Watch the next quarterly results. If growth accelerates, the move makes sense. If not, expect some gains to unwind. Check Fundamentals of Max Estates Limited.
MAXESTATES
Max Estates Limited (maxestates) Q1 FY27: Pre-sales Surge to INR ~1,100 Crore
Max Estates Limited (MAXESTATES) achieves INR ~1,100 crore pre-sales in Q1 FY27, driven by strong sales of INR ~500 crore from new launches and a total GDV p.
Max Estates Limited (Max Estates), a leading real estate developer in the National Capital Region (NCR), today announced its pre-sales performance for Q1FY 2027. The company achieved total pre-sales of INR ~1,100 crore, a 5x+ increase compared to Q1FY2026. The company has sold 487 units in Q1FY2027 across its projects in Noida and Gurugram compared to 43 units sold in Q1FY2026, demonstrating strong confidence in the product offering.
New Launches Fully Sold
Newly launched Phase 1 of The Terraces was fully sold with sales realization of INR ~500 crore. This achievement highlights the robust demand for Max Estates’ differentiated approach to wellbeing-led real estate.
Sustained Buyer Interest
The company has achieved collections of INR ~500 crore in Q1FY2027. Collections typically range between 20–25% of the sales value, enabling the company to undertake construction without incurring any incremental debt for its residential projects. This strong performance is driven by sustained buyer interest and confidence in the company’s strategy.
Looking ahead, the company entered FY27 with high visibility on growth, with a total GDV pipeline of INR 17,200+ crore set to fuel growth for FY27 onwards. Major launches in Noida and Gurugram are planned in Q2 and Q3 of FY2027. The company aspires to add 2 million sq. ft. in the residential segment every year, with a commercial portfolio poised for an annuity rental income potential of INR 700+ crore in the next five years.
Source: NSE Corporate Announcement
Fundamental & Technical Analysis of Max Estates Limited
Max Estates Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.
Max posts a 26.7% three-month gain, but softens in the last few weeks. Thin margins at 5.3% leave limited room for error — any demand softness or cost spike hits the bottom line hard. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. The stock gives back 5.5% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 22.9% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Max Estates Limited.
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