MAIA Estates, a prominent name in luxury real estate, has announced plans to invest ₹3,000 crore this financial year to significantly grow its residential and commercial presence in Bengaluru. This ambitious move includes the launch of over 4 million sq. ft. of new developments and a strategic entry into commercial real estate, solidifying the firm’s intent to become a dominant player in South India’s high-end property segment.
Key Expansion Highlights
📍 Strategic Growth in Bengaluru
MAIA Estates’ upcoming developments will primarily be concentrated in:
- North Bengaluru: Home to 50–60% of the company’s residential inventory
- City-Center Areas: Richmond Road and Basavanagudi earmarked for ultra-luxury projects
- Cautious Approach in East Bengaluru
The company expects its total development footprint in Bengaluru to surpass 2.5 million sq. ft. by FY2026.
🏗 Residential Portfolio: Focus on High-End Living
- New Launches: 1.5–2 million sq. ft. in FY2026
- Price Range: ₹2 crore to ₹12 crore
- Luxury Rates: ₹12,000–₹15,000+ per sq. ft.
- Notable Project: 27 Summit, a flagship super-luxury development with homes priced between ₹21 crore and ₹27 crore, delivered in just 3.5 years
“The upcoming projects will span across a wide price range, starting from ₹2 crore and going up to ₹12 crore, with high-end residences priced above ₹15,000 per sq ft,” said Mayank Ruia, Founder and CEO of MAIA Estates.
🏢 Entry into Commercial Real Estate
- CapitaLand Partnership: ₹1,000+ crore raised for commercial ventures
- Current Development: 1.5 million sq. ft. of commercial space under construction
- Focus Areas: Bengaluru’s Central Business District (CBD), Hebbal, Outer Ring Road (ORR)
- Growth Strategy: Opportunity-led developments, standalone office projects, tripling footprint over next 3–4 years
“The move complements MAIA’s traditionally residential-centric portfolio and is expected to significantly boost its long-term asset base,” said Ruia.
🌆 Expansion Beyond Bengaluru
- Chennai Foray (2024): Ultra-luxury project featuring eight ₹20 crore homes — nearly sold out
- Future Plans: Additional luxury launches in Chennai
Summary Table: MAIA Estates Expansion Snapshot
| Category | Details |
|---|---|
| Total Investment | ₹3,000 crore |
| FY2026 Launch Target | 4 million sq. ft. (residential + commercial) |
| Residential Pipeline | 6–8 projects (₹2–12 crore ticket size) |
| Commercial Projects | 1.5 million sq. ft. underway |
| Key Areas in Bengaluru | CBD, Hebbal, ORR, Richmond Road, Basavanagudi |
| Chennai Project | 8 homes priced at ₹20 crore (near sell-out) |
| Funding Strategy | 1/3 equity, 1/3 construction finance, 1/3 customer sales |
Financial Strategy
To fuel this robust expansion:
- ₹1,000+ crore raised through CapitaLand for commercial development
- ₹300 crore earlier secured for residential ventures
- Future funding will follow a one-third split:
- Equity
- Construction finance
- Customer sales
Official Quotes
- Mayank Ruia, Founder & CEO: “Ticket sizes for our homes range between ₹2 crore and ₹12 crore, with select properties priced upwards of ₹12,000 per sq ft.” “Plans are underway to triple the company’s office footprint over the next 3–4 years.”
FAQs
1. How much is MAIA Estates investing in Bengaluru real estate?
MAIA is investing ₹3,000 crore to scale both residential and commercial developments across Bengaluru.
2. What kind of residential properties will be launched?
Homes priced between ₹2 crore and ₹12 crore, including ultra-luxury residences starting above ₹15,000 per sq. ft., with some landmark properties priced above ₹20 crore.
3. Where are MAIA’s new developments located?
Primarily in North Bengaluru and city-center areas like Richmond Road and Basavanagudi. The brand is cautious about investing in eastern Bengaluru.
4. What are MAIA’s commercial real estate plans?
The company is building 1.5 million sq. ft. of office space and aims to triple its commercial footprint within 3–4 years, supported by a ₹1,000 crore investment from CapitaLand.
5. Has MAIA expanded beyond Bengaluru?
Yes, the company entered Chennai in late 2024 with a ₹160 crore ultra-luxury project, which is almost fully sold.