MAIA Estates: ₹3,000 Crore Bet on Real Estate Future

Bengaluru-based real estate developer MAIA Estates is set to invest ₹3,000 crore in over 4 million sq. ft. of upcoming residential and commercial projects during FY26, according to Founder and CEO Mayank Ruia. The planned developments will cater to a wide price spectrum, ranging from ₹2 crore to ₹12 crore, with premium homes priced above ₹15,000 per sq. ft.

MAIA’s landmark project, 27 Summit, an ultra-luxury residential development, was completed in 3.5 years. Homes in this project are priced between ₹21 crore and ₹27 crore, with rates starting at ₹47,000 per sq. ft. The company currently has 6–8 projects in various stages of planning, construction, or sales. By the end of the year, MAIA’s total development footprint in Bengaluru is projected to surpass 2.5 million sq. ft.

Approximately 50–60% of its inventory is located in North Bengaluru, while upcoming developments are also planned for Richmond Road, Basavanagudi, and Chennai. In Chennai, its eight-home ultra-luxury project, priced at ₹20 crore per unit, is nearly sold out.

The ₹3,000 crore investment will be financed equally through equity, construction finance, and customer sales. Additionally, MAIA entered the commercial real estate sector in early 2025 via a ₹1,000 crore transaction with CapitaLand, marking a strategic diversification of its portfolio.

News by Rahul Yelligetti.