Maia Estates Plans Rs 30 Bn Build Across 4 m Sq Ft This Year
Real Estate

Maia Estates Plans Rs 30 Bn Build Across 4 m Sq Ft This Year

Bengaluru-based developer Maia Estates will invest about Rs 30 billion this financial year to launch more than four million square feet of new housing and commercial space, a move that should lift its city footprint towards 2.5 million square feet by March. Founder and chief executive Kalpana Ruia said the pipeline spans prices from roughly Rs 20 million to Rs 120 million, with super-prime residences costing upwards of Rs 15,000 per square foot.

The firm recently handed over its flagship scheme, 27 Summit, in just three-and-a-half years; the super-luxury flats there fetch between Rs 210 million and Rs 270 million at rates starting around Rs 47,000 per square foot. Maia now has six to eight residential projects in stages from planning to construction and expects to release a further 1.5–2 million square feet during FY 2026. About 50–60 per cent of its stock sits in North Bengaluru, where unit prices vary from Rs 25 million to Rs 120 million, while city-centre plots on Richmond Road and Basavanagudi are reserved for future ultra-luxury towers. Eastern Bengaluru, by contrast, remains a measured play for the brand.

Beyond the Karnataka capital, Maia entered Chennai late last year with an eight-villa enclave priced at roughly Rs 200 million apiece; only a handful of homes remain unsold and more launches are planned. The expansion requires around Rs 30 billion in capital, to be funded one-third each through equity, construction finance and customer advances. The group has already raised more than Rs 10 billion from CapitaLand for its commercial foray and secured a further Rs 3 billion for residential schemes via internal accruals and partners.

Maia’s commercial strategy began in February with a marquee deal alongside CapitaLand and now covers 1.5 million square feet under development. The goal is to triple that office footprint within four years, concentrating on Bengaluru’s Central Business District, Hebbal and the Outer Ring Road as suitable plots become available.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Bengaluru-based developer Maia Estates will invest about Rs 30 billion this financial year to launch more than four million square feet of new housing and commercial space, a move that should lift its city footprint towards 2.5 million square feet by March. Founder and chief executive Kalpana Ruia said the pipeline spans prices from roughly Rs 20 million to Rs 120 million, with super-prime residences costing upwards of Rs 15,000 per square foot. The firm recently handed over its flagship scheme, 27 Summit, in just three-and-a-half years; the super-luxury flats there fetch between Rs 210 million and Rs 270 million at rates starting around Rs 47,000 per square foot. Maia now has six to eight residential projects in stages from planning to construction and expects to release a further 1.5–2 million square feet during FY 2026. About 50–60 per cent of its stock sits in North Bengaluru, where unit prices vary from Rs 25 million to Rs 120 million, while city-centre plots on Richmond Road and Basavanagudi are reserved for future ultra-luxury towers. Eastern Bengaluru, by contrast, remains a measured play for the brand. Beyond the Karnataka capital, Maia entered Chennai late last year with an eight-villa enclave priced at roughly Rs 200 million apiece; only a handful of homes remain unsold and more launches are planned. The expansion requires around Rs 30 billion in capital, to be funded one-third each through equity, construction finance and customer advances. The group has already raised more than Rs 10 billion from CapitaLand for its commercial foray and secured a further Rs 3 billion for residential schemes via internal accruals and partners. Maia’s commercial strategy began in February with a marquee deal alongside CapitaLand and now covers 1.5 million square feet under development. The goal is to triple that office footprint within four years, concentrating on Bengaluru’s Central Business District, Hebbal and the Outer Ring Road as suitable plots become available.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement