Max Estates Limited
MAXESTATES.NS
National Stock Exchange of India476.50
INR
+43.85
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Max Estates Limited
MAXESTATES.NS
(National Stock Exchange of India)
Recent
price
476.50
P/E
ratio
- -
div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Max Estates Limited (MAXESTATES.NS), the real estate development arm of the Max Group, develops and constructs premium residential and commercial properties in India's National Capital Region (NCR), with a focus on wellness-oriented LiveWell and WorkWell experiences that integrate sustainability, empathetic hospitality, and holistic well-being across physical, emotional, social, and environmental dimensions. Established in 2016 and headquartered in Noida, Uttar Pradesh, the company offers commercial leasing and management services through operational assets including Max Towers (Noida; 100% occupied, LEED Platinum and IGBC Health & Wellbeing Gold certified), Max House Phase 1 and 2 (Okhla, Delhi; 100% and 89% occupied respectively, LEED Gold certified), and Max Square (Noida; IGBC Green Platinum certified); residential developments such as the fully sold 222 Rajpur (Dehradun boutique project) and Estate 128 (Noida luxury residences, fully sold with pre-launch bookings exceeding Rs 1,800 crore); facility management, asset services, managed offices, shared services, and investment opportunities; and projects under development like Estate 360 and Max 36A (Gurugram residential), Max Square Two and Max 65 (Noida and Gurugram commercial), alongside the pending Delhi One mixed-use asset. Operations span key NCR micro-markets including Noida, Gurugram, and Delhi, targeting discerning corporate tenants (e.g., IEX, Samsung, Moody's) and affluent homebuyers with green-certified, design-led spaces emphasizing elemental harmony, inclusivity, peace of mind, and curated amenities like forest courtyards, food courts, and wellness events. Recent developments include New York Life Insurance's Rs 388 crore investment in September 2024 for a 49% stake in Max Towers and Max House, following prior commitments totaling over Rs 1,180 crore across commercial ventures; the acquisition of a 7.25-acre Gurugram land parcel in September 2025 via Base Buildwell Private Limited for Rs 534 crore to bolster its luxury residential pipeline and expand gross development value from Rs 14,000 crore to over Rs 17,000 crore; Q1 FY25 lease rental income growth of 103% year-over-year to Rs 25 crore with total leased area reaching approximately 1 million square feet; and a strategic partnership evolution with New York Life as its exclusive real estate collaborator in India. Max Estates maintains a diversified 12 million square foot portfolio (delivered and under-construction), with subsidiaries like Max Square Ltd. and Max Estates 128 Pvt. Ltd. driving project execution amid robust FY24 revenue of Rs 120 crore and ongoing sustainability initiatives targeting GRESB 4-Star ratings, zero landfill waste, and ISO certifications.