Max Estates, the real estate arm of the Max Group, today unveiled a strong investment plan of ₹15,000 crore to cement its position as a top brand in Delhi-NCR’s competitive realty landscape.
The company plans to develop 1.7 crore square feet of residential and commercial space over the next three to four years. Approximately 30 to 40 lakh square feet of construction has already been completed, with the remaining developments underway and expected to conclude within five years.
According to Sahil Vachani, Managing Director and CEO of Max Estates, the strategy is clear: focus on premium quality projects in Delhi-NCR without expanding to other regions. “We aim to become the second-most preferred brand in the NCR and one of the top real estate choices for consumers,” Vachani said in a recent interview.
In FY2024, Max Estates recorded ₹2,400 crore in pre-sales, a figure that surpassed ₹5,000 crore in FY2025. On the leasing front, the company currently earns ₹150 crore annually, a figure expected to grow to over ₹700 crore in the next three to five years.
Financial Strength and Strategic Partnerships
Max Estates maintains a strong balance sheet with minimal debt, supported by strategic partnerships. New York Life Insurance holds a 23% stake in the company, which rises to 49% in each individual project. In 2024, Max Estates secured nearly ₹2,800 crore through equity funding ₹2,000 crore from New York Life and another ₹800 crore via Qualified Institutional Placements (QIP).
Expansion via Land Acquisition and Project Takeovers
The company’s plans to expand have not been slowed down by rising land costs. Max Estates has chosen to enter into revenue-sharing arrangements with landowners rather than making outright purchases. This tactic strategically controls acquisition costs while guaranteeing access to desirable land parcels.
Additionally, the company has expanded through acquisitions, recently securing a mixed-use project via the National Company Law Tribunal (NCLT). This development will feature office, residential, and retail spaces.
Focused Vision for Growth
Max Estates’ roadmap rests on three pillars:
- Geographic Focus: Concentrating exclusively on Delhi-NCR.
- Segmental Focus: Simultaneously expanding in both residential and commercial real estate.
- Financial Prudence: Maintaining low debt and building projects with quality and timely delivery.
Vachani emphasized that the company’s mission is to bring transparency, trust, and prosperity to real estate a sector that historically suffers from credibility issues.
As competition intensifies in Delhi-NCR’s property market, Max Estates’ focused approach and significant investment could well position it among the top real estate brands in the region.
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