MAIA Estates to Launch Over 4 Million Sq Ft of Luxury Projects in FY2025-26

 

Bengaluru-based real estate developer MAIA Estates is gearing up for a significant expansion, with plans to launch over 4 million sq ft of new residential and commercial projects in the current financial year, backed by an investment of Rs 3,000 crore, Founder and CEO Mayank Ruia told HT.com.

 

With this strategic growth, MAIA’s total development footprint in Bengaluru is expected to cross 2.5 million sq ft by the end of FY2025-26. The upcoming launches will cater to a wide spectrum of homebuyers, with residential units priced between Rs 2 crore and Rs 12 crore, while high-end offerings in premium locations will command rates upwards of Rs 15,000 per sq ft.

 

A standout among MAIA’s recent projects is 27 Summit, a super-luxury residential development delivered in just 3.5 years. Located in a prime area, the homes are priced between Rs 21 crore and Rs 27 crore, with per sq ft pricing starting at Rs 47,000.

 

Currently, MAIA has 6 to 8 residential projects at various stages ranging from planning to construction and sales. Of the targeted launches for FY2026, about 1.5-2 million sq ft will be new residential space, contributing to the company’s goal of achieving a 2–2.5 million sq ft footprint in Bengaluru alone.

 

Ruia noted that nearly 50-60% of the residential inventory is concentrated in North Bengaluru, where pricing typically ranges between Rs 2.5 crore and Rs 12 crore. Locations within Bengaluru’s inner ring road and fast-growing northern zones continue to be MAIA’s focus areas. While high-end projects are being earmarked for Richmond Road and Basavanagudi, the company remains cautious about expanding in eastern Bengaluru.

 

Expanding beyond its home turf, MAIA entered the Chennai market in late 2024 with an ultra-luxury residential project comprising eight exclusive homes priced around Rs 20 crore each. The project has seen strong uptake, with most units nearly sold out, and further launches are planned in the city.

 

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The total investment requirement of Rs 3,000 crore will be structured through a one-third split between equity, construction finance, and customer sales. The company has already raised over Rs 1,000 crore from CapitaLand for its commercial ventures and secured more than Rs 300 crore previously for residential development via internal accruals and strategic partnerships.

 

MAIA also marked its entry into commercial real estate in February 2025 through a high-profile partnership with CapitaLand. With 1.5 million sq ft of office space currently under development, the firm aims to triple its commercial footprint over the next 3-4 years, focusing on Bengaluru’s CBD, Hebbal, and ORR. Future growth will be driven by an opportunity-led strategy and availability of high-potential land parcels.