Shares of Max Estates slid 1.5% to ₹562.55 after reaching intraday high of ₹578.45, as the company released its Q2 update.
In the quarter, pre‑sales surged to ₹2,100 crore, a 91% jump from the previous period, while collections climbed 12% to ₹560 crore, according to the BSE filing.
The developer sold 274 units across its Noida and Gurugram projects, and first‑half pre‑sales hit ₹3,200 crore, signaling sustained buyer confidence in its wellbeing‑centric portfolio.
Commercial assets remain fully leased, generating over ₹160 crore in annual rent, with a projected annuity potential of ₹700 crore over five years, the filing noted.
Max Estates plans major launches in Noida and Gurugram during Q3 and Q4, targeting an annual addition of 2 million sq ft in residential and 1 million sq ft in commercial space, positioning it for continued growth in FY27.
Despite the robust sales metrics, the share price retraced, reflecting market caution ahead of the upcoming FY27 guidance and the broader real‑estate sector sentiment.