Max Estates Q1 FY27 Pre-Sales ₹1,093 Cr, 5x YoY Growth

Max Estates Limited (MEL) reported strong Q1 FY27 performance with pre-sales reaching approximately INR 1,093 crore, marking a five-fold year-on-year growth. The company has a robust pipeline of over INR 16,150 crore in Gross Development Value (GDV) from Q2 FY27 onwards. Key contributors to the Q1 performance include the fully sold-out Phase 1 of The Terraces (Estate 361, Gurugram) contributing INR 500 crore, and sustenance sales across the existing portfolio adding INR 600 crore. Collections for the quarter stood at INR 491 crore. ICRA assigned MEL a first-time issuer rating of [ICRA]A+ with a Stable outlook, reflecting healthy sales, collections, strong commercial leasing, and improving financial metrics.