Max Estates Reports Rs 845 Crore in Pre-Sales from Phase II of Noida Project

Max Estates, the real estate arm of the Max Group, reported securing Rs 845 crore in pre-sales bookings for Phase II of its Estate 128 project in just one week. This reflects strong demand for quality real estate in the Delhi NCR region and enhances the company’s presence in the market.

Estate 128, which is located in Noida, now consists of four towers with 268 units, spread across 10 acres. The total booking value for the entire project has now reached approximately Rs 2,700 crore, combining both the first and second phases. The second phase of the project has seen a particularly strong response, with realisation rates for these units reflecting a 40% premium over the first phase

Rishi Raj, the Chief Operating Officer (COO) of Max Estates, expressed confidence in the company’s ability to continue its expansion plans. He mentioned that the company is on track to add "at least 3 million sq. ft. every year" to its current portfolio. This ambitious goal highlights Max Estates' commitment to diversifying its assets across both residential and commercial segments in the Delhi NCR region. The company's growth strategy is clearly focused on sustained development, with a commitment to launching multiple projects across the region.

The success of Estate 128’s Phase II follows the pattern of previous successful launches. Max Estates has completed three major launches within a short span of 18 months, further consolidating its reputation in the market. The first phase of Estate 128, launched in July 2023, was followed by the launch of Estate 360 in Gurugram in August 2024, and now the second phase of Estate 128 in Noida in December 2024. The company’s ability to deliver high-quality projects on time and at the right locations has clearly resonated with investors and homebuyers.

The fact that Max Estates is witnessing strong demand even in a competitive market is indicative of its ability to create value through strategic project locations, exceptional product quality, and innovative offerings. The real estate market in NCR has been buoyed by a growing demand for premium residential properties, and Max Estates has been able to tap into this trend with its well-executed projects.

Estate 128 is strategically located in Noida, one of the fastest-growing regions in the Delhi NCR area. The development comprises four towers with a total of 268 units. The project spans across 10 acres of land, offering a mix of residential and commercial properties. This combination of residential and commercial spaces provides residents with a dynamic living environment, combining comfort and convenience in one location.

The demand for units in Phase II of Estate 128 has been particularly strong, with booking values reflecting a 40% premium compared to Phase I. This not only speaks to the success of the project but also highlights the increasing appetite for high-end real estate in the NCR region. The project’s strategic location and premium offerings have clearly captured the attention of investors and homebuyers alike.

Max Estates is confident about its future prospects and expansion strategy. The company is committed to diversifying its portfolio by continuously adding both residential and commercial assets in the NCR region.  With a proven track record of delivering projects quickly, the company aims to remain a key player in the NCR real estate market. 

Image source-maxestates.in