Max Estates Limited · NSE:MAXESTATES

Max Estates — Q4 FY2026 Earnings Presentation

98 slides from Max Estates's earnings presentation, May 23, 2026

  1. Slide 1: Exchange filing cover letter

    May 23, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544008 SYMBOL: MAXESTATES Sub.: Investor Presentation Dear Sir/ Madam, Pursuant to Regulation 30 o

  2. Slide 2: Investor Presentation

    Investor Presentation An overview of Max Estates’ journey May 2026

  3. Slide 3: Max Estates Delivers Rs. 5,305 Crore Pre-Sales in FY2026

    Max Estates Delivers Rs. 5,305 Crore Pre-Sales in FY2026; with ~Rs. 3,392 Crore Booked in Q4 Second consecutive year crossing Rs. 5,000 Cr in pre-sales (FY25: Rs. 5,321 Cr | FY26: Rs. 5,305 Cr) — reinforcing Max Estates as a leading end-user-centric developer. 5,305Cr+ ~3,200Cr ~1,578Cr 17,200Cr+ CY

  4. Slide 4: Residential business update

    Residential business update Residential – pre-sales / booking value (Rs. Cr) Pre-sales / booking (Rs. Psf price realisation) Value Rs. Cr CAGR 13% Total GDV No. of units pipeline of 20,323 23,789 18,410 CAGR ~Rs. 17,200+ 70% crore set to FY24 FY25 FY26 fuel growth 5,321 5,305 1 for FY27 Collection (

  5. Slide 5: Commercial business update

    Commercial business update Estimates Commercial –annuity portfolio (100%2) (Rs. Cr) Net operating margin / EBITDA & Occupancy (%) Occupancy % To add one Rental – 700 Net operating margin / EBITDA% (stable) Under construction million sqft of Delhi One – 145 commercial Completed Max District – 225 rea

  6. Slide 6: Consolidated synopsis of residential pre-sales and operating cash flow

    Estimates Consolidated synopsis of residential pre-sales booking value and operating cash flow Launched – 16,310 3,012 9,455 3,843 13,400 Sold – 12,467 (76%) Total balance pipeline – 17,243 Collected Sold to be collected Unsold To be launched Operating cash flow of launched projects (Rs. Cr) Mixed M

  7. Slide 7: Project wise profitability for launched inventory

    Estimates Project wise profitability for launched inventory Estate 128 Particulars (Rs. Cr) Estate 360 Estate 361 Max One1 Estate 1051 (Phase 1 & II) Area (mn sq. ft.) 1.40 2.40 1.14 2.00 (Sale) 1.10 (Phase 1) Sold (mn sq. ft.) 1.40 2.40 0.69 1.40 0.68 Unsold(mn sq. ft.) - 0.01 0.45 0.60 0.42 Launch

  8. Slide 8: Guidance vs actual

    Guidance vs actual Particulars FY 24 Guidance FY 24 Actuals FY 25 Guidance FY 25 Actuals FY 26 Guidance FY 26 Actuals FY 27 Guidance 4,000 Pre sales 1,300 1,844 Revised to 5,321 6,000-6500 5,305 (Rs. Cr) Total GDV pipeline 4,800-5,200 of ~Rs. 17,200+ crore set to fuel growth 4,000 Launches for FY27

  9. Slide 9: Execution in the next 5 years

    Execution in the next 5 years Measured not just in numbers, but in scale 150 Lac sq. ft. in Tiles 12 Lac m³ in Concrete 2 Lac Metric Tons in Steel Enough built-up area to cover Enough concrete to build a 6- Equivalent to the weight of over 260 football fields lane highway from Delhi to nearly 30 Eif

  10. Slide 10: Content

    1 About Max Estates Content 2 Project wise updates 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 8

  11. Slide 11: About Max Estates

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 9

  12. Slide 12: What we do, and why

    About What we do, and why Max Estates Our purpose is to enhance quality of life through the spaces we create Our values Sevabhav Excellence Credibility Bringing Real Well-being to Real Estate A thoughtful coming together of design, nature, community and well-being, shaping spaces where people can tr

  13. Slide 13: Where we do it

    About Where we do it Max Estates Operational assets WorkWell LiveWell PlayWell Commercial Residential Leisure, retail, culture Commercial – 4.2 mn sq. ft Residential – 9.1 mn sq. ft Mixed – 5.1 mn sq. ft ARTISTIC RENDITION ARTISTIC RENDITION ARTISTIC RENDITION ARTISTIC RENDITION ACTUAL IMAGE ACTUAL

  14. Slide 14: New York Life – Our strategic partner in the commercial real estate business

    About Max New York Life – Our strategic partner in the commercial real Estates estate business Founded in 1845, New York Life is a Financial Since 2001, partnered with Max group to form Max New York Services Company and the largest mutual life Life Insurance Company Limited with 26% ownership, which

  15. Slide 15: Project wise update

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 13

  16. Slide 16: Commercial projects in operation

    Project Commercial projects in operation update Max Towers, Sector 16B, Noida Max House – I, Okhla, Delhi • Total leasable area 358,234 sq. ft • Total leasable area 108,006 sqft • Weighted average rental: ~Rs. 130 per sq. • Weighted average rental: ~Rs. 144 per sq. ft. ft. per month per month • WALE

  17. Slide 17: Commercial projects in operation

    Project Commercial projects in operation update Max Square, Sector 129, Noida Max House – II, Okhla, Delhi • Total leasable area 680,665 sq. ft. • Total leasable area 150,839 sq. ft. • Weighted average rental: ~Rs. 76 per sq. ft. • Weighted average rental: ~Rs. 160 per sq. ft. per per month month •

  18. Slide 18: Commercial projects under Design and Development

    Project Commercial projects under Design and Development update Artistic Rendition Artistic Rendition Artistic Rendition Representative image Max Square Two, Sector 129, Noida Max District, Sector 65, Gurugram ~4 ~0.9 mn sq. ft. ~0.2 7.35 ~1.6 mn sq. ft. ~225+ Acre land parcel Pre-leasing of 86K sq.

  19. Slide 19: Max Square Two: Construction update (Tower A)

    Project update Max Square Two: Construction update (Tower A) Description (clockwise) 1. Q1 FY26: Basement 3 works in progress 2. Q2 FY26: Basement 2, 1 works completed; Basement 1 works in progress 3. Q3 FY26: Lower Ground works in progress 4. Q4 FY26: 2nd Floor Level in Progress 1 2 4 3 17

  20. Slide 20: Max Square Two: Construction update (Tower B)

    Project update Max Square Two: Construction update (Tower B) Description (clockwise) 1. Q1 FY26: Basement 3, 2 works completed; Basement 1 works in progress 2. Q2 FY26: Upper Ground Works in progress 3. Q3 FY26: Upper Ground Work Completed 4. Q4 FY26: 4th Floor Level in Progress 1 2 4 3 18

  21. Slide 21: Max District: Construction Update (Phase-1)

    Project update Max District: Construction Update (Phase-1) Description (clockwise) 1. Q1 FY26: Raft and Basement 4, 3 works in progress Excavation in progress for a section; 2. Q2 FY26: Raft completed and RCC works for Basement 4, 3, 2, 1 in progress 3. Q3 FY26: Basement 4 completed and RCC works fo

  22. Slide 22: Max District: Construction Update (Phase-2)

    Project update Max District: Construction Update (Phase-2) Description (clockwise) 1. Q1 FY26: Basement 4 completed, RCC works for Basement 3, 2 in progress 2. Q2 FY26: Basement 4,3 completed, RCC works for Basement 1,2 in progress 3. Q3 FY26: Basement 4,3,2 completed and RCC works for Basement 1 an

  23. Slide 23: Residential projects – launched

    Project Residential projects – launched update Estate 128, 10 ~1.40 268 Sector 128, Noida (Phase 1 Acre land parcel Mn sq. ft. of Total number of saleable area units and Phase 2) ~2,734 100% ~1,122 (41%) Rs. Cr Pre-sales % Sold Rs. Cr Total Booking Value Collection (% of Artistic Rendition sales) Es

  24. Slide 24: Residential projects – launched

    Project Residential projects – launched update Estate 105 Ph I, 10 ~2.60 ~6,000 Sector 105, Rs Cr Booking Noida Acre land parcel Mn sq. ft. of Total saleable area Value Potential Launched 3,000 Cr 1,783 60% ~66 (4%) Rs. Cr Pre-sales % pre-sales to Rs. Cr Total Booking Value launched units Collection

  25. Slide 25: Estate 128, Noida: Progress Update

    Project update Estate 128, Noida: Progress Update Tower 1 – As on 30th April Tower 2 – As on 30th April Tower 3 – As on 30th April Tower 4 – As on 30th April 2026 – Thirty fifth floor slab 2026 – Thirty fourth floor 2026 – Thirty sixth floor slab 2026 – 3rd floor slab is being is being casted. slab

  26. Slide 26: Estate 360, Gurgaon: Construction Progress

    Project update Estate 360, Gurgaon: Construction Progress Description (clockwise) 1. Ground floor slab of Tower 1 & 2 completed. First floor slab in progress 2. First floor slab of Tower 3 & 5 completed. Second floor slab in progress 3. Second floor slab of Tower 4 complete. Third floor decking work

  27. Slide 27: Residential Projects to be launched in FY27

    About Max Estates Residential Projects to be launched in FY27 Representative Image Representative Image Representative Image Representative image Representative image Representative image Representative image Estate 361 –Ph 2 (Gurugram) Estate 105 - Ph 2 (Noida) New Opportunity (Sector 59, Gurugram)

  28. Slide 28: Project wise summary

    Project wise summary S.No. Project name Location Type Area Peak rental / Status Completion Max (Mn sq. ft.) GDV timeline Estates (Rs. Cr) Economic interest 1 Max Towers Sector 16B, Noida Comm 0.5 75 Operational NA 51% 2 Max House Ph1&2 Okhla, Delhi Comm 0.3 55 Operational NA 51% 3 Max Square Sector

  29. Slide 29: Growth outlook

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 27

  30. Slide 30: Indicative Growth Pipeline in the near term

    Indicative Growth Pipeline in the near term Residential / SBUA Project Location Type Stage Commercial (sq. ft.) Delhi Residential 0.1 Mn JDA Commercial negotiation Delhi Residential 0.1 Mn Outright Commercial negotiation Noida Residential 1.5 Mn JDA Commercial negotiation Gurgaon Residential 2.6 Mn

  31. Slide 31: Execution enablers

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 29

  32. Slide 32: Key execution enablers

    Execution Enablers Key execution enablers Talent depth Strong Brand Equity and diversity Customer Experience Institutionalization centricity of Processes Sustainability and Technology ESG focus enabled execution 30

  33. Slide 33: Board of Directors – Max Estates

    Talent depth and diversity Execution Enablers Board of Directors – Max Estates Jillian Leigh Moo-Young Atul B. Lall Non-Executive Director Non-Executive Director Analjit Singh • Senior-Vice President and Head of • Managing Director and Vice Chairman of Alternative Strategy at New York Life Dixon Tec

  34. Slide 34: Board of Directors – Max Estates

    Talent depth and diversity Execution Enablers Board of Directors – Max Estates Malini Thadani Gauri Padmanabhan Independent Director Independent Director • 41+ years experience as Former Indian • Ex-Global partner, leading Consumer Revenue Service officer and Head of Market Practices for Heidrick &

  35. Slide 35: Experienced Management team (1/2)

    Talent depth and diversity Execution Experienced Management team … with mix of real and non Enablers real estate background (1/2) Vachan Singh K S Ramsinghaney COO – Projects Max Estates Senior Advisor - Max Estates • Ex-COO & Business Head, Adani Realty; Ex- • Over 45 years of experience; 9 yrs. wi

  36. Slide 36: Experienced Management team (2/2)

    Talent depth and diversity Execution Experienced Management team … with mix of real and non Enablers real estate background (2/2) Dharmender Kumar Arihant Kothari Director & Chief Corporate Affairs Officer Chief Investment Officer – Capital Strategy • He led policy advocacy, government • Was Managin

  37. Slide 37: Scaling with Skill. Leading with Inclusion.

    Talent depth and diversity Execution Enablers Scaling with Skill. Leading with Inclusion. At Max Estates, growth isn’t just about expanding our footprint — it’s about building a diverse, future-ready team that embodies our values and drives our ambition forward, because true growth includes everyone

  38. Slide 38: Institutionalizing internal processes to enable seamless execution at scale

    Institutionalization of Processes Execution Institutionalizing internal processes to enable seamless Enablers execution at scale 13 Verticals identified as follows Sales Planning CRM Safety Construction Marketing Quality RERA Management Design Finance & Asset HR & Payroll Management Accounts managem

  39. Slide 39: Suite of digital interventions across value chain in progress

    Technology enabled execution Execution Suite of digital interventions across value chain in progress​ Enablers Non exhaustive Clairco FacTech AutoDesk Ozonetel Smart Joules Sales Force Construction Cloud Solution to provide Tenant Building Call center software An AI-based energy Industry best enhanc

  40. Slide 40: Driving impactful Sustainability initiatives

    Sustainability & ESG focus Execution Driving impactful Sustainability initiatives Enablers Implemented Sustainable Initiatives FY26 Achievements FY27 Priorities Non exhaustive • Integration of double-glazing units and IoT-based • Achieved LEED Platinum Operations & Maintenance • Establish Net Zero T

  41. Slide 41: Ratings & Certifications | Operational Portfolio

    Sustainability & ESG focus Execution Enablers Ratings & Certifications​ | Operational Portfolio LEED Platinum LEED Platinum ISO -9001 WELL Health & Internation BSC 5-star Certified for Green Operation & ISO -14001 Safety Rating al Safety Health & Safety Building Strategies Maintenance ISO -45001 Awa

  42. Slide 42: Ratings & Certifications | Upcoming Portfolio

    Sustainability & ESG focus Execution Enablers Ratings & Certifications​ | Upcoming Portfolio IGBC Platinum Pre- LEED Platinum pre- WiredScore WELL Certified for Green certified for Green Platinum Certification1 Building Strategies Building Strategies Max District Estate 361 IGBC Platinum pre- WELL I

  43. Slide 43: Solar Power Purchase at Max Square

    Solar Power Purchase at Max Square Completed Operational from Feb 2026 Infrastructure & Legal 6,000 tCO2e PPA partner Identification Infrastructure Internal: ABT meter is installed; Annual Emission Reduction awaiting ST11 approval Model Identification Benchmarked partner External: Establishing of So

  44. Slide 44: Key Sustainability Initiatives & Targets FY26-27

    Sustainability & ESG focus Execution Enablers Key Sustainability Initiatives & Targets FY26-27 ESG Dashboard WELL Develop an ESG Align the designing dashboard for portfolio Net Zero Design of future projects level data exchanges with WELL features and reporting Establish guidelines and explore new o

  45. Slide 45: Contributing back to society is at the core of how we approach the business

    Sustainability and ESG focus Execution Contributing back to society is at the core of how we Enablers approach the business Max Estates and Max India Foundation (CSR arm of Max Max Estates and Max India Foundation (CSR arm of Max Group) collaborate to Group) collaborate to improve communities by eng

  46. Slide 46: We intentionally design an ecosystem of amenities

    Customer Experience centricity Execution Enablers We intentionally design an ecosystem of amenities … ReadWell Library Take 5 Café’ EatWell Cafeteria F&B Kiosks at Max Towers Pet Corner at Max House Pauz Relaxation Corner A work environment that is good for people is great for business Source: Inter

  47. Slide 47: Elevating Customer Experience Through 288 Events & 10,000+ Participants

    Customer Experience centricity Execution Enablers Elevating Customer Experience Through 288 Events & 10,000+ Participants 45

  48. Slide 48: Building Awareness of Max Estates' Brand Story (1/6)

    Execution Building Awareness of Max Estates' Brand Story (1/6) Enablers MEL Website, Digital Campaigns and Social Media Platforms Non exhaustive Launched comprehensive campaigns across all social media platforms, driving both organic growth and lead generation. Key achievements across platforms are

  49. Slide 49: Building Awareness of Max Estates' Brand Story (2/6)

    Strong Brand Equity Execution Building Awareness of Max Estates' Brand Story (2/6) Enablers Estate 361 Launch by Max Estates Terraces Launch by Max Estates Non exhaustive Strategic OOH Dominance Across Key Catchments Strategic OOH Dominance Across Key Catchments ● 45+ premium outdoor assets across D

  50. Slide 50: Building Awareness of Max Estates' Brand Story (3/6)

    Strong Brand Equity Execution Building Awareness of Max Estates' Brand Story (3/6) Enablers Non exhaustive Max One Launch by Max Estates Estate 105 Launch by Max Estates Max One Experience Centre – One Strategic OOH Dominance Across Key of its kind Immersive Digital-First Catchments Engagement ● 12+

  51. Slide 51: Building Awareness of Max Estates' Brand Story (4/6)

    Strong Brand Equity Execution Building Awareness of Max Estates' Brand Story (4/6) Enablers AIT Chowk curated by Max Estates Max Estates launched its first Brand Film Non exhaustive We have adopted and curated AIT Chowk, a vibrant public space spanning 2,800 sq. meters in the heart of Gurugram – Gol

  52. Slide 52: Building Awareness of Max Estates' Brand Story (5/6)

    Strong Brand Equity Execution Enablers Building Awareness of Max Estates' Brand Story (5/6) Non exhaustive Estate 361 Launch Event Rising Bharat -Unveiling of Estate UP Tradeshow Summit 2025 361, for a community of 700+ Gurugram LPs LiveWell Partner Events -The Terraces Launch -Max One LP Soiree -LW

  53. Slide 53: Building Awareness of Max Estates' Brand Story (6/6)

    Strong Brand Equity Execution Building Awareness of Max Estates' Brand Story (6/6) Enablers Sambhav 2026 The Wellness Carnival Non exhaustive Sambhav, Max Estates’ Partner Recognition Evening, brought together over 540 attendees, including collaborators, consultants, vendors, channel partners, and s

  54. Slide 54: Awards and Recognition

    Strong Brand Equity Execution Awards and Recognition Enablers Commercial Project of the Year The International Safety Award A-List Developer Award Best Organisation for Women 2026 Forbes India Max Square Two Max Towers & Max House The Times Group GRI Awards Real Estate India British Safety Council S

  55. Slide 55: Q4 & FY 26 financials

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 53

  56. Slide 56: Max Estates Limited – FY26 Performance Highlights

    FY26 Highlights Max Estates Limited – FY26 Performance Highlights Total Leased Area as on date Capital Structure ~1.3 mn sq. ft. Equity Capital: Rs. 3,161 Cr. 1 (Max Estates share: Rs. 2,420 Cr) Lease Rental Incomes Debt as on March 2026 FY26 – Rs. 154.0 Cr External Debt : Rs. 1,855 Cr2 (Including L

  57. Slide 57: Summary: Financial Highlights for FY26

    Summary: Financial Highlights for FY26 • Consolidated Revenue stood at Rs. 199 Crore in FY26, a growth of 24% on a YoY basis • Consolidated EBITDA stood at Rs. 24 Crore in FY26 • Consolidated PBT stood at Rs. 23 Crore and PAT stood at Rs. 15 Crore in FY26 • Total Leased Area as on 31st March 2026 st

  58. Slide 58: Max Estates – Operational Metrics

    Max Estates – Operational Metrics Total Leased Area (in Sq. Ft.) Lease Rental Income (Rs. Mn.) 1,229,109 1,236,387 662 1,148 1,540 485 916,926 373 400,563 407,286 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Quarterly Trend Total Leased Area (in Sq. Ft.) Lease Rental Income (Rs. Mn.) +43% 1,229

  59. Slide 59: Max Estates - Profit & Loss Statement

    Max Estates - Profit & Loss Statement Consolidated Profit & Loss (In Rs. Cr) Q4FY26 Q4FY25 FY26 FY25 Net Revenue 49.4 39.8 199.5 160.5 Cost of Goods Sold 0.0 0.0 3.8 4.5 Employee benefit expense 11.5 5.6 33.7 17.6 Advertisement and Marketing expense 24.3 9.6 69.4 38.4 Other expenses 17.1 15.5 69.0 5

  60. Slide 60: Max Estates – Balance Sheet as on 31st March 2026

    Max Estates – Balance Sheet as on 31st March 2026 Assets (Rs. Cr.) Mar’26 Mar’25 Equity & Liabilities (Rs. Cr.) Mar’26 Mar’25 Non-Current Assets 3,909 3,028 EQUITY 3,161 2,661 Property, Plant and Equipment 11 6 Equity Share Capital 163 161 Investment Properties 2,506 2,028 Pending for allotment 0 0

  61. Slide 61: Experience WorkWell & LiveWell at Max Estates

    1 About Max Estates 2 Project wise update 3 Growth outlook 4 Execution enablers 5 Q4 & FY 26 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 59

  62. Slide 62: 222 Rajpur – Key highlights

    Max Estates’ Portfolio 222 Rajpur – Key highlights Area ~5 acre Abutting the Malsi Reserve Forest Limited inventory of 22 bespoke residences 100% Sold 60

  63. Slide 63: Night View

    Night View * w i iy ow mies See

  64. Slide 64: Max Towers – Key highlights

    Max Estates’ Portfolio Max Towers – Key highlights Leasable Area On DND Flyway, at ~0.6 mn. sq. ft. entrance of Noida Rental~ 25-30% Occupancy 100% premium to micro market Certified LEED Marquee tenant Platinum from profile USGBC and Health ESRI India, IEX, Kama and Wellbeing Gold Ayurveda, Cyril Am

  65. Slide 65: The Experience Centre

    The Experience Centre 63

  66. Slide 66: Food Court

    Food Court 64

  67. Slide 67: Max House – Key highlights

    Max Estates’ Portfolio Max House – Key highlights Leasable Area Boutique campus ~0.3 mn. sq. ft. development in CBD of South Delhi Phase 1- Rental~ 25-30% Occupancy 100% premium to micro Phase 2- market Leased1 100% LEED Gold certified Marquee tenant and Health and profile Wellbeing Gold from BBC, S

  68. Slide 68: An aerial view of Max House

    An aerial view of Max House 66

  69. Slide 69: Grand Entrance

    Grand Entrance 67

  70. Slide 70: Lobby

    Lobby 68

  71. Slide 71: Max Square – Key highlights

    Max Estates’ Portfolio Max Square – Key highlights Leasable Area ~0.7 mn. sq. ft. On Noida- Gr. Noida Expressway 100% Leased1 Designed around a central forest Marquee tenant profile NDTV, Adobe, AML, Cloud angels, Hero Cycles, General Atomics, Moody’s, Unicharm etc IGBC Platinum certified for Green

  72. Slide 72: Central Forest Courtyard

    Central Forest Courtyard 70

  73. Slide 73: Food Court

    Food Court 71

  74. Slide 74: Estate 128 – Our first luxury residential project in NCR

    Max Estates’ Portfolio Estate 128 – Our first luxury residential project in NCR Leasable Area ~10 acres Rectangular & contiguous Abutting Noida Gr. Noida Expy Frontage of ~340 m on expressway ~ 7 acres of gardens/ lawns IGBC Platinum pre- certified for Green Artistic Rendition Homes The Project is b

  75. Slide 75: Large wrap around decks in the units

    Large wrap around decks in the units 73 Artistic Rendition

  76. Slide 76: Estate 360, Gurugram – Delhi NCR's first inter-generational community at scale

    Max Estates’ Portfolio Estate 360, Gurugram – Delhi NCR’s first inter-generational community at scale Land Area = ~11.8 acres At the confluence of 3 Gurugram’s major corridors ~2.4 Mn sq. ft. of development Opposite 220-acre green zone and 50 m green belt and key commercial developments Artistic Ren

  77. Slide 77: Well-being amenities for all generations

    Well-being amenities for all generations 75 Artistic Rendition

  78. Slide 78: Countryside-themed landscape

    Countryside-themed landscape 76 Artistic Rendition

  79. Slide 79: Estate 361, Gurugram – Many habits, one habitat

    Max Estates’ Portfolio Estate 361, Gurugram – Many habits, one habitat Land Area = ~18 acres At the confluence of 3 Gurugram’s major corridors ~4 Mn sq. ft. of development 250,000 sq. ft. of forest greens 200,000 sq. ft. of Artistic Rendition amenities 77

  80. Slide 80: The winding lake at Estate 361, along with a crossing bridge

    The winding lake at Estate 361, along with a crossing bridge 78 Artistic Rendition

  81. Slide 81: The Forest at Estate 361

    The Forest at Estate 361 79 Artistic Rendition

  82. Slide 82: Aerial view of the community clubhouse

    Aerial view of The community clubh 80 R Artistic

  83. Slide 83: Estate 105, Noida – MoveWell, LiveWell

    Max Estates’ Portfolio Estate 105, Noida – MoveWell, LiveWell 10 acres of low-density living (Phase 1 5.62 acres) 270 homes across 2 residences (Phase 1) 2.5 acres of car-free landscaping (Phase 1) 72,000+ sq. ft. of amenities (Phase 1) An elevated jogging track Artistic Rendition 81

  84. Slide 84: Skyvilla at Estate 105

    Skyvilla at Estate 105 Artistic Rendition

  85. Slide 85: Sports Block at Estate 105

    Sports Block at Estate 105 83 Artistic Rendition

  86. Slide 86: Max One, Noida – LiveWell, WorkWell, PlayWell

    Max Estates’ Portfolio Max One, Noida – LiveWell, WorkWell, PlayWell Land Area = ~10 acres At the edge of south Delhi 58 customizable residences across two towers ~60,000 sq. ft. of curated experiences at the Max Members Club Artistic Rendition 84

  87. Slide 87: Master Plan view from Sector 15 A/Delhi

    MAX TOWERS SERVICED TOWER-B RESIDENCES-1 BERGER TOWER SERVICED RESIDENCES-2 NEXUS TOWER Artistic Rendition Master Plan view from Sector 15 A/Delhi

  88. Slide 88: View of The Loop at Max One

    View of The Loop at Max One 86 Artistic Rendition

  89. Slide 89: Max Square Two

    Max Estates’ Portfolio Max Square Two Land Area = ~4 acres Located in Sector 129, Noida, excellent connectivity via the Noida–Greater Noida Expressway ~0.9 Mn sq. ft. of leasable area ~108,000 sq. ft. of curated amenities and retail 11,000 sq. ft. of forest greens Pre-certified IGBC Platinum For Gre

  90. Slide 90: Pick up and drop off for Tower B at Max Square Two

    Pick up and drop off for Tower B at Max Square Two 88 Artistic Rendition

  91. Slide 91: The Forest, lush green central forest courtyard at Max Square Two

    The Forest, lush green central forest courtyard at Max Square Two 89 Artistic Rendition

  92. Slide 92: Max District

    Max Estates’ Portfolio Max District Land Area = ~7.35 acres Located along the Golf Course Extension Road ~1.6 mn sq. ft. of leasable area ~130,000 sq. ft. of curated amenities and retail ~30,000 sq. ft. of green cover across campus Pre-certified LEED Platinum Artistic Rendition 90

  93. Slide 93: The Terraces at Estate 361

    Max Estates’ Portfolio The Terraces at Estate 361 ~18.23 acres of vibrant ecosystem Located in Sector 36A, Gurugram 8 community terraces spread across 5,000 sq. ft. ~80,000 sq. ft. of curated amenities ~80,000 sq. ft. of green cover across campus IGBC Platinum Pre- certified Artistic Rendition 91

  94. Slide 94: A view of The Terraces

    A view of The Terraces 92 Artistic Rendition

  95. Slide 95: A view of rooftop amenities

    A view of rooftop amenities 93 Artistic Rendition

  96. Slide 96: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max Estates Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie

  97. Slide 97: Details of Group Entities

    Details of Group Entities • Max Estates Ltd. (CIN no. L70200DL2016PLC438718) is having its Corporate office at Max Towers, L-20, C - 001/A/1, Sector- 16B, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201301 & Registered office at Max House 1, Dr. Jha Marg, Okhla Phase 3, Opposite Okhla Railway Statio

  98. Slide 98: Max Estates Limited

    MAX ESTATES LIMITED L-20, Max Towers, Sector – 16B, DND Flyway, Noida, UP - 201 301 Tel: +91 120 4743200 | www.maxestates.in CIN no. L70200DL2016PLC438718 96

Max Estates — Q4 FY2026 Earnings Presentation on 6ix