Bengaluru’s MAIA Estates to Scale Up Real Estate Portfolio with ₹3,000 Crore Investment in Bengaluru

MAIA Estates, a Bengaluru-based real estate developer, is set to expand its footprint with plans to launch over 4 million square feet of residential and commercial projects during the current financial year. The company will deploy around ₹3,000 crore in capital to support this expansion, according to Mayank Ruia, founder and CEO of the firm.

With these upcoming launches, MAIA’s total development footprint in Bengaluru is expected to exceed 2.5 million square feet by the end of 2025. The developer has ongoing and upcoming projects concentrated primarily in the inner core of the city and fast-growing locations in North Bengaluru.

MAIA’s residential portfolio spans a broad price range, with home prices beginning at ₹2 crore and going up to ₹12 crore. Select premium offerings are priced upwards of ₹15,000 per square foot. According to Ruia, the company has six to eight projects in various stages of planning, sales, and construction. Of these, about 1.5 to 2 million square feet is expected to be launched in FY26. A substantial portion of the company’s inventory, nearly 50 to 60 percent, lies in North Bengaluru, where units are priced between ₹2.5 crore and ₹12 crore.

One of the company’s key recently completed projects is 27 Summit, a luxury residential development delivered in 3.5 years. Homes in this project are priced between ₹21 crore and ₹27 crore, with rates beginning at ₹47,000 per square foot. Located in a central Bengaluru neighbourhood, 27 Summit is positioned in the super-luxury category.

While North Bengaluru remains a core focus for MAIA, city-centre locations like Richmond Road and Basavanagudi have also been earmarked for ultra-luxury residential launches. Eastern Bengaluru, on the other hand, is being approached more cautiously, according to Ruia.

Beyond its home base in Bengaluru, MAIA entered the Chennai market in late 2024 with a high-end residential project comprising eight homes priced at around ₹20 crore each. The project is close to being sold out, and new launches are being planned in the city.

The capital requirement for MAIA’s expansion is structured with an even split between equity, construction finance, and customer advances. The company has already raised over ₹1,000 crore from CapitaLand for its commercial projects and previously secured ₹300 crore in funding for residential ventures through internal accruals and investment partners.

In February 2025, MAIA marked its entry into the commercial real estate segment through a transaction with CapitaLand. This move signals a diversification of its portfolio, which until now has primarily focused on residential development. Currently, MAIA has 1.5 million square feet of commercial space under development. The company plans to triple its commercial footprint over the next three to four years.

Future commercial developments will be centred around Bengaluru’s Central Business District (CBD), Hebbal, and the Outer Ring Road (ORR). According to Ruia, these areas are being targeted based on the availability of suitable land parcels and tenant demand. All current office projects are standalone structures, and the company intends to continue with an opportunity-driven approach in identifying new commercial assets.

With both residential and commercial sectors in its pipeline, MAIA Estates is positioning itself as a key player in Bengaluru’s evolving real estate landscape. The ₹3,000 crore investment planned for the near term is expected to support the company’s dual strategy of residential consolidation and commercial expansion.