MAIA Estates to Launch Rs. 3,000 Cr Projects Across Bengaluru

Bengaluru-headquartered property developer MAIA Estates is on course to introduce more than four million sq ft of new residential and commercial projects in the current financial year with a clear investment of Rs. 3,000 crore, founder and CEO of the firm, Mayank Ruia told HT.com.

This will increase it so that the company will have more than 2.5 million sq ft of total development space in Bengaluru by the end of this year. Some of the major achievements of the developer in the recent past have been the delivery of its tallest apartment project 27 Summit, the completion of which took 3.5 years.

• MAIA Estates plans to invest Rs. 3,000 crore in residential and commercial projects, adding over 4 million sq ft this financial year.
• Key focus areas include North Bengaluru, CBD, Hebbal, and ORR, with commercial expansion tied to a CapitaLand partnership.
• The company is also scaling in Chennai’s ultra-luxury market and aims to triple its office footprint in the next 3–4 years.

Its project lies in the super-luxury segment and the houses in the project are priced between Rs. 21 crore to Rs. 27 crore with a per sq. ft rate of Rs. 47,000. "The upcoming projects will span across a wide price range, starting from Rs. 2 crore to Rs. 12 crore, with high-end residences priced above Rs. 15,000 per sq ft," Ruia said.

At present, there are 6 to 8 residential projects in the pipeline of MAIA, which are at planning, sales, and construction stages. The company anticipates 1.5-2 million sq. ft. of new space by fiscal 2026 with a larger target of 2-2.5 million sq. ft. in Bengaluru by year-end. Almost 50-60 percent of MAIA’s residential stock is in North Bengaluru with a price range of Rs. 2.5 crore to Rs. 12 crore.

MAIA’s developments are concentrated in Bengaluru’s inner ring and fast-developing North zones. "Prime city-centre areas like Richmond Road and Basavanagudi are earmarked for ultra-luxury residential projects, while eastern Bengaluru remains a cautious market for the brand," he said.

Outside Bengaluru, MAIA entered Chennai in late 2024 with an ultra-luxury residential project comprising eight units priced at approximately Rs. 20 crore each. The project is nearly sold out and new launches are planned in Chennai.

"The company's development plans will require around Rs. 3,000 crore in capital. Funding will be structured in a one-third split between equity, construction finance, and customer sales," Ruia said.

Previously, MAIA has generated over Rs. 1,000 crore in commercial development via CapitaLand and more than Rs. 300 crore in residential development through internal operations and associates. It entered the commercial real estate sector in February 2025 through a marquee deal with CapitaLand.

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“The move complements MAIA’s traditionally residential-centric portfolio and is expected to significantly boost its long-term asset base. Plans are underway to triple the company’s office footprint over the next 3–4 years, focusing on Bengaluru’s Central Business District (CBD), Hebbal, and the Outer Ring Road (ORR),” he said.

The future expansion strategy at MAIA is focused on acquiring high-potential land parcels. Currently, 1.5 million sq. ft. of commercial space is under development. All existing office developments are standalone, and future plans will be opportunity-driven.