Max Estates Ltd has sold luxury residential properties totaling Rs. 845 crore in Noida due to strong demand. In a regulatory filing, the company revealed that Max Estates 128 Pvt Ltd launched the second phase of its residential project ‘Estate 128’ in Noida.
Following the success of the first phase, the second phase saw pre-sales bookings reach Rs 845 crore within a week, exceeding the initial estimate of Rs 800 crore for this phase, according to Max Estates.
The company did not provide details on how many units contributed to the Rs 845 crore sales or the price per apartment.
Combining both phases, the project now includes four towers with 268 units on a 10-acre site, with a total booking value of around Rs 2,700 crore.
Max Estates reported a booking value of approximately Rs 5,000 crore in the first nine months of 2024-25, which aligns with its full-year target of Rs 4,800-5,200 crore.
Founded in 2016, Max Estates Ltd is the real estate division of the Max Group.
The company has a diverse real estate portfolio across two asset classes in the Delhi-NCR region.
It has completed three commercial projects: Max Towers in Noida, Max House in Delhi, and Max Square on the Noida Expressway. Additionally, it has developed 222 Rajpur, a luxury villa community in Dehradun.
Currently, Max Estates is working on two commercial office projects: Max Square Two, near Max Square, and another project on Golf Course Extension Road in Gurugram.
On the residential side, the company successfully launched and sold its first project, ‘Estate 128,’ in Noida and has also introduced a second project, Estate 360, in Gurugram.