Bengaluru Real Estate: With this expansion, MAIA Estates\u2019 total development footprint in the city is expected to cross 2.5 million sq ft by the end of the year.<\/p>\n
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Bengaluru-based real estate developer MAIA Estates<\/a> plans to launch over 4 million sq ft of new housing and commercial projects this financial year, backed by an investment of \u20b9<\/span>3,000 crore, founder and CEO of the company, Mayank Ruia told HT.com.<\/p>\n Housing projects pipeline<\/strong> Bengaluru Real Estate: With this expansion, MAIA Estates\u2019 total development footprint in the city is expected to cross 2.5 million sq ft by the end of the year. Bengaluru-based…<\/p>\n","protected":false},"author":1,"featured_media":2718,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/project\/2716"}],"collection":[{"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/project"}],"about":[{"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/types\/project"}],"author":[{"embeddable":true,"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/comments?post=2716"}],"version-history":[{"count":10,"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/project\/2716\/revisions"}],"predecessor-version":[{"id":2852,"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/project\/2716\/revisions\/2852"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/media\/2718"}],"wp:attachment":[{"href":"https:\/\/www.maiaestates.in\/in-the-news\/wp-json\/wp\/v2\/media?parent=2716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nWith this expansion, the company\u2019s total development footprint in Bengaluru is expected to exceed 2.5 million sq ft by year-end.
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\n“The upcoming projects will span across a wide price range, starting from\u00a0\u20b9<\/span>2 crore and going up to\u00a0\u20b9<\/span>12 crore, with high-end residences priced above\u00a0\u20b9<\/span>15,000 per sq ft,” Ruia said.
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\nAmong the developer\u2019s recent highlights is the completion of its flagship residential asset, 27 Summit<\/a>, delivered in 3.5 years. Positioned in the super-luxury segment, homes in the project are priced between\u00a0\u20b9<\/span>21 crore and\u00a0\u20b9<\/span>27 crore, with rates starting at\u00a0\u20b9<\/span>47,000 per sq. ft.
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\nCurrently, MAIA has 6 to 8 residential\u00a0projects\u00a0<\/a>at various stages, from planning to sales and construction. The company expects to launch 1.5\u20132 million sq. ft. of new space in FY2026, targeting a cumulative footprint of 2\u20132.5 million sq. ft. in Bengaluru alone by year-end.
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\n“Ticket sizes for its homes range between\u00a0\u20b9<\/span>2 crore and\u00a0\u20b9<\/span>12 crore, with select properties priced upwards of\u00a0\u20b9<\/span>12,000 per sq ft,” Ruia said.
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\nNearly 50\u201360% of MAIA\u2019s residential inventory lies in North Bengaluru, where prices vary from\u00a0\u20b9<\/span>2.5 crore to\u00a0\u20b9<\/span>12 crore.
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\nMAIA\u2019s developments are concentrated within Bengaluru\u2019s inner ring and fast-developing zones in the north. “While prime city-centre areas like Richmond Road and Basavanagudi are earmarked for ultra-luxury residential projects<\/a>, eastern Bengaluru remains a cautious choice for the brand,” he said.
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\nBeyond Bengaluru, MAIA made its\u00a0debut<\/a>\u00a0in Chennai in late 2024 with an ultra-luxury residential project comprising eight exclusive homes priced around\u00a0\u20b9<\/span>20 crore each. The project is nearly sold out, and additional launches are planned in the city.
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\n“The company’s development plans are projected to require around\u00a0\u20b9<\/span>3,000 crore in capital. Funding will be structured with a one-third split across equity, construction finance, and customer sales,” Ruia said.
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\nForay into commercial real estate<\/strong>
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\nMAIA has already raised over\u00a0\u20b9<\/span>1,000 crore from CapitaLand for its commercial venture and secured over\u00a0\u20b9<\/span>300 crores in the past for residential development through internal accruals\u00a0and\u00a0partners
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\nIt entered the commercial real estate market in February 2025 through a marquee transaction with global real estate player CapitaLand.
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\n\u201cThe move complements MAIA\u2019s traditionally residential-centric portfolio and is expected to significantly boost its long-term asset base. Plans are underway to triple the company\u2019s office footprint over the next 3\u20134 years, with key focus areas including\u00a0Bengaluru\u2019s<\/a>\u00a0Central Business District (CBD), Hebbal, and the Outer Ring Road (ORR),\u201d he said.
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\nMAIA currently has 1.5 million sq. ft. of commercial space under development, with future growth pegged to the availability of high-potential land parcels. All ongoing office projects are standalone, and future developments are expected to follow an opportunity-led strategy.
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