Max Estates Limited: Real Estate Portfolio of 17 Mn. Sq. Ft.

 

  • Max Estates Limited: Real Estate Portfolio of 17 Mn. Sq. Ft. 


  • 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    
  • 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.
  • 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%). 
  • 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.     

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