Realty Plus: Driven by the Vision to develop World-Class Projects

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The material contained in this website is provided for informational purposes only, and should not be construed as a prospectus or notice which is binding. By using or accessing this website, you hereby agree to be bound by the terms of this Disclaimer. MAIA Estates LLP (“MAIA LLP”) reserves all the right to add, alter or delete any material from the website at any time without notifying you. Nothing contained on this website constitutes a contract, booking, selling or an offer for sale or invitation to purchase a unit in any project of MAIA LLP and shall not be considered a legal offering under any law for the time being in force, under any circumstances. The contents herein comprises of general information and may not reflect current legal developments, verdicts or settlements. The contents on this website may not be definitive and can be modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and rules made thereunder (“RERA”). MAIA LLP is currently in the process of complying with RERA.

All plans, images, videos, soft furnishing/furniture, gadgets, equipment, product, building colours and technology displayed are representational only and do not form part of any agreement and are not legally binding on us. Photographs of interiors, views and the location are indicative only and may have been digitally enhanced or altered and do not represent actual views or surrounding views. The Developer reserves the right to change, delete or add any specification, amenity or plan mentioned herein based on site conditions and construction necessities without prior permission or notice. MAIA LLP makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, services, or related graphics contained on this website for any purpose.

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UNDERSTOOD

Realty Plus in conversation with MayankRuia, Founder & CEO of MAIA EstatesLLP. MAIA Estates, represents the luxury real estate sector that focuses on developing the highest quality real estate across various socio-economic segments of Bengaluru. Mayank was previously responsible for leading and developing Phoenix Mills’ residential assets in Bengaluru and Pune with popular projects such as One Bangalore West and Kessaku in Rajajinagar, Bengaluru.

The company also focuses on developing landmark projects across micro-markets and price points in Bengaluru by providing highly efficient, well planned and executed spaces for all its customers.

Brief about inception of

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LLP.

Driven by the vision to develop world class residential and commercial spaces in Bengaluru, Mr. Mayank Ruia established MAIA Estates LLP in the summer of 2016 in partnership with Dr.RanjanPai, Mr. Mohandas Pai and Mr.Abhay Jain. MAIA is focused on inculcating professionalism, transparency, quality and timeliness in every aspect of the business.

Luxury real estate sector in current economic scenario.

The Luxury real estate sector has undoubtedly faced the maximum headwinds as a product category over the last cycle of residential real estate sales. This is a combination of too much stock in any single project and across several micro markets in aggregate. However, there is opportunity in luxury residential real estate when there is scarcity value in the product offered and also a value proposition both in terms of size and ticket size. Specifically in Bengaluru, this is due to their being significant demand between Rs. 1.5Cr and Rs. 4Cr. in certain micro markets.

What MAIA brings into the current real estate market.

MAIA strives hard to build itself on the pillars of meticulous planning, best-in-class partnerships, intensive and researched design, excellent quality, speed of execution, and most importantly the knowledge of providing a vital service to its customers through its work. MAIA wishes to represent the future of development in modern India with a team of young professionals, combined with years of relevant experience in the key areas of the business, such as construction.

Key milestones and growth plans of MAIA Estates.

MAIA was established in the summer of 2016 and launched its first project, Pelican Grove in April 2018. With a team of 40+ professionals, MAIA intends to build approximately 1 million square feet of residential real estate in Bengaluru in the coming 2-3 years.

MAIA Estates’ current and upcoming projects.

MAIA Estates’ first project, Pelican Grove, sits on an enchanted piece of land on the banks of the pristine Jakkurlake. Housing 36 apartments across 19 floors, the development ensures the unique combination of nature, luxury and proximity to work.MAIA will launch its next project(s) in approximately 6 to 9 months and intends to focus on North Bangalore and Central Bangalore.

Read more on http://realtyplusmag.com
February 2019