Mana Projects to Launch 3.3 Million Sq Ft of Mid-Segment Homes in Bengaluru by 2026

Bengaluru-based real estate developer Mana Projects has announced plans to develop 3.3 million sq ft of mid-segment homes priced between ₹1.7–3 crore by the end of FY26 in March 2026. According to managing director Kishore Reddy, the company is set to launch two residential projects by January 2026, namely Right Life Phase 2 and Mana Verdant Terraces.

Right Life Phase 2 will span 2.3 million sq ft, while Mana Verdant Terraces will cover approximately 1 million sq ft, adding up to the total of 3.3 million sq ft of inventory in FY26. These projects will primarily cater to buyers looking for 2- and 3-BHK homes in the mid-to-premium price bracket.

Mana Projects has a strong track record in Bengaluru, having already delivered around 8 million sq ft in the city. This includes a mix of apartments and some villas, with ticket sizes ranging from ₹1.25 crore to ₹7 crore. The company positions itself in the mid-range of ₹1.5–2 crore and in the luxury bracket of ₹2–4 crore, while selectively developing marquee homes above ₹4 crore.

One of the unique features of Right Life Phase 2 is its child-centric design. The township, located between Bommasandra and Whitefield, is situated in a micro-market that is home to around 150 schools. Reddy highlighted the strong traction from parents who want to live close to good schools and within a community built around that ecosystem. Mana Verdant Terraces, on the other hand, is coming up on Sarjapur Road, one of Bengaluru’s IT-centric residential corridors.

Looking ahead, Mana Projects plans to develop an additional 4 million sq ft under Phase 3 of Right Life within approximately a year. The company also has a 3 million sq ft project on Sarjapur Road in the design stage. Additionally, Mana Projects is evaluating a 6–7 lakh sq ft residential development in Jakkur in north Bengaluru and plans to enter Kanakapura Road in the south next year.

Reddy emphasized that the mid-segment currently offers the strongest growth opportunity in Bengaluru’s housing market. The ₹1.5–2 crore segment has significant potential, with many people upgrading from smaller standalone buildings to branded townships. This trend is particularly visible in IT-driven markets like Bengaluru and Hyderabad, where end-users are seeking better amenities, security, and integrated communities.

Luxury housing, in contrast, remains a niche market. “It’s not about volume. In luxury, you do smaller, marquee developments that stand out,” Reddy explained. However, the mid-segment is where the company sees the most growth and demand.

Mana Projects has also ventured into the commercial real estate segment. The company has begun work on its first office project, Mana Capital, in Sarjapura, with about 5 lakh sq ft of built-up space, expected to be completed within 18 months. Within The Right Life township, the company plans to develop around 4 million sq ft of Grade A office space over the next three years, along with retail and healthcare assets.

“Customers today prefer a mixed-use ecosystem where they can live, work, and access retail within the same township,” Reddy said. This integrated approach is increasingly influencing buying decisions, as homebuyers look for convenience and added value.

The company is also seeing rising interest from non-resident Indians (NRIs), particularly amid global developments such as changes in US immigration policies and taxation. NRIs typically account for around 20% of Mana Projects' portfolio, and in the last couple of years, there has been about a 5% uptick in demand from this segment.

Bengaluru’s emergence as a hub for global capability centres has strengthened its appeal among overseas Indians, supported by relatively healthy rental yields. “Most NRIs are looking to park their investments now and use the homes later when they relocate back to India,” Reddy noted. South-east Bengaluru, between Electronic City and Whitefield, and parts of north Bengaluru are currently the most preferred investment destinations for NRIs.

Overall, Mana Projects is well-positioned to capitalize on the growing demand for mid-segment homes in Bengaluru, with a strategic focus on integrated townships and mixed-use developments.