Mana Projects, a Bengaluru-based real estate development company, plans a significant foray in the mid-range residential sector of Bengaluru, with plans for launching projects of 3.3 million sq ft of residential spaces, ranging between ₹1.7-3 crores, by March 2026, towards the end of FY26. These plans were shared with HT Real Estate by its Managing Director, Kishore Reddy.
The total of 3.3 million sq ft is set to be delivered through two significant projects, namely Right Life Phase 2, which is of 2.3 million sq ft, and Mana Verdant Terraces, expected to be developed over 1 million sq ft. Both projects primarily focus on 2-3BHK configurations in the mid to premium segment. According to Reddy, the company has delivered 8 million sq ft in Bangalore, comprising apartments and villas, at a pricing of ₹1.25 crores to ₹7 crores for its ultra-luxury segment. He further clarified, Mana Projects develop in the pricing segments of ₹1.5-2 crores in the mid-range segment and in the luxurious segment of ₹2-4 crores, sometimes even building signature projects above ₹4 crores.
Child-Centric and IT-Centric Developments
Right Life Phase 2 is designed as a child-centric township located between Bommasandra and Whitefield, a micro-market housing around 150 schools. “We are seeing strong traction from parents seeking proximity to good schools and a community built around educational ecosystems,” said Reddy. Mana Verdant Terraces, on Sarjapur Road, targets Bengaluru’s IT-driven residential corridors, catering to professionals seeking convenience, integrated communities, and modern amenities.
Looking ahead, Mana Projects plans Phase 3 of Right Life, adding 4 million sq ft within a year, alongside a 3 million sq ft project on Sarjapur Road in the design stage. The company is also exploring residential development opportunities in Jakkur (6–7 lakh sq ft) in north Bengaluru and intends to enter Kanakapura Road in the south next year.
Mid-Segment Growth and Market Trends
As stated by Reddy, the mid segment is where the greatest growth potential is in Bengaluru as, the ₹1.5 to 2 crore price segment has seen huge upgrade business, from self-contained apartments to proposed branded township projects which provide better safety and lifestyle.This is because luxury housing projects tend to concentrate more on small “marquee projects rather than large numbers.
TheMana Projects group is also foraying into the commercial market. Its first office project,Mana Capital on Sarjapur Road,will offer 5 lakh sqft of Grade-A office space and is expected to be delivered within an18-month period. In Right Life, it proposes to deliver 4 million sqft of office space spread over three years, and these projects also include retail and healthcare, up-market retail and street shops, and malls. Reddy talked about how integrated township projects that offer customers living, working, and community retail and healthcare options have become major choice drivers.
Mana Projects has seen a rising share of investments from non-resident Indians (NRIs), who account for roughly 20% of its portfolio. Reddy noted a 5% uptick in recent years, fueled by Bengaluru’s appeal as a global capability center hub, healthy rental yields, and changes in international policies. South-east Bengaluru and parts of north Bengaluru remain preferred investment locations for NRIs.
As Bengaluru’s real estate market continues to evolve, Mana Projects’ focus on mid-segment housing, integrated townships, and commercial developments positions it to capitalize on the city’s strong residential and investment demand.
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