Max Estates · Developer Profile · ReraTracker Intelligence
Max Estates
Max Group · NSE/BSE Listed · Noida, Uttar Pradesh · Est. 2016
RERA VerifiedNSE ListedTrust Score 7.5 — Grade A6 Active Projects
11
Total projects
6 active · 5 delivered
₹4,200 Cr
FY25 pre-sales
+38% YoY
75%
On-time possession
8 of 11 projects
12
Active complaints
Low — 0.4 per 100 units
Company details
Full nameMax Estates Limited
Founded2016
HeadquartersNoida, Uttar Pradesh
Parent groupMax Group ($5B conglomerate)
Company statusPublic — NSE/BSE listed
CINL70200DL2016PLC298182
RERA registrationsHRERA · UPRERA
Subsidiary companies
Acreage Builders Pvt LtdActive
Max Estates Noida Pvt LtdActive
Max Asset Services LtdActive
Max Estates 128 Pvt LtdActive
Max Estates Gurgaon LtdActive
Max Square LtdActive
Max Towers Pvt LtdActive
Leadership team
AS
Analjit Singh
Founder & Chairman
RS
Rishi Raj Singh
MD & CEO
AV
Amit Vadera
CFO
ReraTracker Trust Score — Max Estates
7.5/10
Grade A — High Trust
Strong possession track record and clean RERA compliance. Minor complaints on older projects. Listed entity with transparent financials. Recommended for long-term investors.
Possession & delivery track record
8.0
RERA compliance
9.0
Complaint & litigation history
6.0
Financial health
8.0
Price appreciation delivered to buyers
7.0
Score computed from 15 verified data points across RERA portals, MCA filings, court records, and ReraTracker price index. Last updated: Apr 2026. Methodology is fully transparent and publicly documented.
Delivered: Dec 2021 · OC received · 0 pending complaints
₹11,800/sqft
Launch: ₹6,800 · +73%
Delivered on time
Estate 128
Sector 128, Noida · UPRERAPRJ446459 · Mixed use
Delivered: Jun 2023 · 4 months ahead of schedule
₹12,200/sqft
Launch: ₹7,500 · +63%
Delivered early
Pipeline — awaiting RERA approval
Max One — Sector 16B
Noida · Application in-process · Registration not yet issued
RERA-GRG-2164-2026 · In-process at HRERA
In pipeline
75%
On-time possession
8 of 11 projects
4.2 mo
Avg delay (delayed projects)
Industry avg: 11 months
12
Active RERA complaints
0.4 per 100 units — low
Possession track record — project by project
ProjectPromisedActualDelay
Max TowersDec 2021Dec 2021On time
Estate 128Oct 2023Jun 20234 mo early
Delhi One Tower BMar 2020Sep 2020+6 months
Antara Noida Ph1Dec 2019Feb 2021+14 months
RERA complaint history — all projects
ProjectTotalPer 100 unitsStatus
Estate 12830.2All resolved
Delhi One Tower B71.44 pending
Antara Noida Ph1142.12 serious orders
Max Towers00.0Clean record
~48 acres
Known land bank
NCR — active pipeline
3
Land deals (last 12 months)
Aggressive expansion
₹1,800 Cr
Est. land value acquired
FY24–25
Known land acquisitions — sourced from BSE filings and investor presentations
Sector 36B, Gurugram
Q3 FY25 · Sep 2024
Area
14.2 acres
Est. deal value
~₹620 Cr
Expected launch
H2 FY26
Est. GDV
₹3,200 Cr
Source
Investor presentation Q3FY25
RERA status
Pending
Sector 16B Phase 2, Noida
Q1 FY25 · Apr 2024
Area
8.6 acres
Est. deal value
~₹380 Cr
Expected launch
Q2 FY26
Est. GDV
₹1,800 Cr
Source
BSE filing Apr 2024
RERA status
Filed
Dwarka Expressway, Gurugram
Q4 FY24 · Feb 2024
Area
25.4 acres
Est. deal value
~₹800 Cr
Expected launch
FY27
Est. GDV
₹5,500 Cr
Source
Investor call transcript
RERA status
Pre-planning
+47%
Avg appreciation delivered
Across all delivered projects
4.8%
Avg rental yield (commercial)
Max Towers, Estate 128
High
Resale liquidity
34 transactions/month avg
87%
Inventory absorption rate
First 90 days avg
Price appreciation by project
ProjectLaunchCurrentReturnLiquidity
Max Towers₹6,800₹11,800+73%High
Estate 128₹7,500₹12,200+63%High
Estate 360₹14,500₹19,200+32%Medium
Estate 361₹18,000₹21,500+19%Medium
Antara Noida Ph1₹9,200₹10,100+10%Low
Resale market activity — last 6 months
MAXESTATES₹372.40+2.3% todayNSE · BSE · Last updated: Apr 6, 2026 · 15:30 IST
₹4,200 Cr
FY25 pre-sales
+38% YoY
₹2,800 Cr
Collections FY25
+29% YoY
0.41x
Net D/E ratio
Healthy — below 0.5x
₹8,200 Cr
GDV pipeline
Next 3 years
Pre-sales tracker — quarterly (₹ Cr)
Investor relations — documents
Q3 FY26 Investor Presentation
PDF · 42 pages · Jan 2026 · Earnings & outlook
Annual Report FY25
PDF · 148 pages · Jun 2025 · Full year financials
Q3 FY26 Earnings Call — Key Highlights
ReraTracker summary · Jan 29, 2026 · 8 min read
Credit Rating — CRISIL AA-
PDF · 8 pages · Mar 2026 · Stable outlook
MCA filing health
Registered charges outstanding2 — within normal range
Director changes (last 12 months)1 — CFO appointed Mar 2026
ROC annual filing statusAll filed on time
Last annual filing dateSep 2025
SourceMCA21 portal · Auto-synced
RERA UpdateMax Estates secures RERA approval for Max One project in Sector 16B, Noida
Mar 9, 2026 · HRERA Portal · ReraTracker
Max Estates Ltd has secured RERA approval for its Max One project, ending a nine-year regulatory journey. The project will offer premium residences in the high-demand Sector 16B micro-market of Noida.
EarningsMax Estates' ₹1,900 crore Gurugram pre-sales lift Q3 FY26 results to record high
Feb 14, 2026 · Earnings Call · ReraTracker
Q3 pre-sales crossed ₹1,900 Cr driven by the launch of Estate 361 Phase 1. Collections improved 34% QoQ on the back of strong construction-linked payment inflows.
RegulatoryNoida authority issues OC for Max Towers following SC directive — possession milestone reached
Jan 9, 2026 · Noida Development Authority · ReraTracker
Noida Development Authority granted the Occupancy Certificate for Max Towers. Buyers can now complete their registry and take formal possession.
Land DealMax Estates acquires 14-acre land parcel in Sector 36B, Gurugram for ~₹620 Cr
Sep 18, 2025 · BSE Disclosure · ReraTracker
The acquisition signals Max Estates' continued push into premium residential Gurugram. The project is expected to launch in H2 FY26 with an estimated GDV of ₹3,200 Cr.
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