Max Estates expects its residential gross development value to reach Rs 50,000 crore after acquiring 5.5 acres in Noida. The firm already sold Rs 15,562 crore worth of units from projects launched. Managing director Sahil Vachani said, "We have a total GDV pipeline of close to Rs 29,000 crore from Q3 FY27."

Max Estates has already sold Rs 15,562 crore worth of residential units from Rs 18,760 crore of projects launched, while inventory worth Rs 29,058 crore is in the pipeline, as per an investor presentation.

New Delhi: Max Estates Ltd expects the gross development value (GDV) of its residential business to reach about Rs 50,000 crore following the acquisition of 5.5 acres of land in Sector 132, Noida, the real estate arm of the Max Group said. The land, acquired for Rs 272 crore from the Noida authority, is estimated to have Rs 1,500-2,000 crore of GDV.

This is the third major land acquisition by the company, after purchases in Delhi and Ghaziabad.

The company has already sold Rs 15,562 crore worth of residential units from Rs 18,760 crore of projects launched, while inventory worth Rs 29,058 crore is in the pipeline, as per an investor presentation.

"We signed an MoU for the proposed joint development agreement for 9.7 acres in Ghaziabad with an estimated GDV of Rs 2,500-3,000 crore. In addition, we entered into an MoU for the acquisition of 84.7 acres in West Delhi and with that we have a total GDV pipeline of close to Rs 29,000 crore from Q3 FY27," Max Estates managing director Sahil Vachanis said during an analyst call for the second quarter of fiscal 2026. It also continues to add about 2 million sq ft of residential development annually, he added.

The company's portfolio has grown from 12 million sq ft in FY24 to 25.9 million sq ft in the first half of FY27.

The company reported pre-sales of Rs 2,092 crore in the second quarter ended September 30, nearly 14-fold year-on-year growth. Pre-sales, or sales before construction is fully finished, totalled Rs 3,184 crore in the first half.

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Collections were Rs 560 crore in Q2, nearly doubling year-on-year, taking the total for the first half to Rs 1,051 crore.

The company said its commercial annuity portfolio was scaling towards Rs 700 crore of peak rental income over the next four years.

It plans to add about 1 million sq ft of commercial development annually.