Max Estates, a part of Max Group, aims to be the second-largest real estate developer in the NCR region. With plans to acquire approximately ₹15,000 crores in land, the company expects to develop 1.7 crore square feet of residential and commercial real estate over the next three to four years.

A Strong Pipeline and Big Investment Plans

The company aims to invest over ₹7,500 crores towards construction alone for their current 13 projects in line. An estimated 30 to 40 lakh square feet of land already developed is claimed to be under five years for completion.

Solid Strategy

Max Estates aggressively pursues a solid rental strategy with clear goals, aiming to boost current 150 crore rental income to over 700 crore within 5 years, while also more than doubling pre-sale revenue targets year over year from 2400 crore in FY 2024 to 5000 crore in FY 2025.

Staying Focused on NCR

Max Estates CEO and Managing Director Sohail Vachani, preferring to focus on Delhi-NCR, explained the company’s strategy to expand in the region and not into other areas. This geographic focus, in combination with an equal focus on both the residential and commercial segments, makes up the company’s growth story.

A Financially Sound and Cautious Approach

Maintaining sound finances, Max Estates’ equity partner is global insurance giant New York Life, owning a 23% share and a 49% stake in individual projects. Last year, the company secured funds amounting to ₹2,000 crore from New York Life and ₹800 crore through Qualified Institutional Placement (QIP), resulting in a debt-free Max Estates. This provided the company with a strong balance sheet to optimize its business expansion endeavors.

Navigating Rising Land Costs

Surging land prices have become a challenge for everyone, but not for Max Estates. Instead of compelling outright purchases, the company mostly obtains land through partnership models with landowners, where landowners receive a portion of the project’s revenue. This approach ensures sustainable business expansion without overstretching.

Strategic Acquisitions in the Pipeline

Max Estates remains willing to purchase assets that are in distress. It won an entire project through the NCLT (National Company Law Tribunal) for a bid that was placed way back in 2018, and it has finally received approval. This is the company’s first Mixed Use development that includes an office tower, residential towers, and shops all within one building.