Bengaluru: Former chief financial officer of Infosys TV Mohandas Pai, Manipal Education and Medical Group CEO Ranjan Pai and the group's corporate affairs advisor Abhay Jain have jointly committed RS.100 crore to MAIA Estates, a new real estate development firm in Bengaluru.
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Building on your passion: how this 37-year-old went from being an investment banker to a prime real estate developer
Backed by marquee investors such as Mohandas Pai and Ranjan Pai, Mayank Ruia is building one of the most design-centred luxury housing projects in Bengaluru.
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Realty Plus in conversation with Mayank Ruia, Founder & CEO of MAIA Estates LLP. MAIA Estates, represents the luxury real estate sector that focuses on developing the highest quality real estate across various socio-economic segments of Bengaluru.
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The Indian real estate sector has witnessed a sea change, over the last couple of years. However, in spite of the advancements in construction, the use of high-end technology, the advent of smart homes and flexible apartment configurations being made available according to the evolving market, the industry is going through a lull.
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Realty startup MAIA Estates is on the road to secure fresh funding as it prepares to launch new residential and commercial projects...
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In older homes, more design considerations were given to the living spaces, while kitchens were purely utilitarian, says Mayank Ruia, CEO of MAIA Estates, a luxury realty developer. Ruia believes over the past few years, kitchens have started becoming larger with open spaces where families come to cook, celebrate, enjoy and entertain.
A contemporary kitchen today is the epicentre of the home, where an entire family gets together on a holiday and dishes out mouth-watering menus over laughs and conversations, space where hors-d'oeuvres are crafted and cocktails are mixed, and where people mingle over a brunch or a party.
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A growing number of architects and homeowners are looking to tie in the house with the landscape—not to subdue nature to their needs, but to become one with it by adapting to the local palette, traditions, materials, and sources of inspiration. The MAIA Pelican Grove residential project, located in north Bengaluru, is an example of how nature can be integrated into the spatiality of a home, seamlessly.
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With the Young, Urban and Professional cosmopolitan population of Bengaluru, the real estate sector of this IT city is growing at a fast pace. Founded in 2016, MAIA Estates is steered by young and passionate CEO Mr. Mayank Ruia who has lived within the city to understand the needs of the market. Mr. Ruia talks to Realty Plus about his new company and various aspects of Bengaluru real estate sector.
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MAIA Estates’ first flagship project is the quintessence of modern living immersed in nature – Pelican Grove is a getaway without ever leaving home. The residences sit along the banks of Jakkur Lake, surrounded by trees, greenery, clean air and open skies, and are strategically located between work, travel and entertainment hubs in Bengaluru. Housing 36 apartments over 19 floors, the development ensures a vibrant and intimate community. With generously spacious apartments, luxurious furnishings and expansive views, Pelican Grove is truly a place one can call home.
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Bengaluru: Manipal Global Education Services Pvt. Ltd chairman T.V. Mohandas Pai, Manipal Education and Medical Group (MEMG) CEO Ranjan Pai, and group corporate affairs advisor Abhay Jain have jointly acquired a minority stake in MAIA Estates LLP, a new real estate development firm based in Bengaluru.
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