Max Estates stocks in focus on hitting Rs 845 cr in pre-sales within one week of launch

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Shares of Max Estates may remain on the investor’s radar today following the announcement of achieving Rs 845 crore in pre-sales for its Noida project within the first week of launch.“Max Estates 128 Private Limited, a wholly owned subsidiary of Max Estates Limited, is delighted to announce the successful launch of Phase II of Estate 128, Noida. Estate 128 – II is registered with UP RERA number UPRERAPRJ294911/12/2024 and comprises the 4th tower, further expanding the thriving community of the first 3 towers, launched in July 2023,” said the company in its filing to the exchanges.

After a successful phase 1 of the project, the second phase surpassed the company’s original guidance of Rs 800 crore as the booking value potential.

Combining both phases, the Estate 128 community now comprises 4 towers with 268 units, spanning 10 acres and a total booking value of approximately Rs 2,700 crore.
“With the successful launch of Estate 128-II and Estate 360, Max Estates’ recently launched residential project in Gurugram, the company has already achieved a booking value of approximately Rs 5,000 Crores in the first nine months of FY25,” the company informed.
This performance is well within the company’s full-year guidance of Rs 4,800–5,200 crore.

Also read: 12 stocks with record dates for dividends, bonuses, splits, rights issue next week. Do you own?

“We are delighted with the market’s response to the launch of Estate 128-II. The net price realization in Phase II is at a 40%+ premium to that of Phase I, and it clearly reflects the high demand for thoughtfully designed, end-useroriented residential developments. Three back-to-back successful launches in a span of 18 months—starting with Phase I of Estate 128, Noida, in July 2023, followed by Estate 360, Gurugram, in August 2024, and Estate 128-II, Noida, in December 2024—clearly affirm our ability to not only curate a good-quality product at the right location, but also our capability to bring it to the market, working through diverse and deep sales networks supported by robust in-house sales, marketing, and CRM teams,” Rishi Raj, Chief Operating Officer at Max Estates.

The shares of Max Estates closed 3.80% higher at Rs 582.35 on the BSE in the previous trading session.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

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