Mana Projects to Unveil 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. Managing Director Kishore Reddy shared these details with Hindustan Times Real Estate.

The developer is set to launch two residential projects by January 2026. These include Right Life Phase 2, which will cover 2.3 million sq ft, and Mana Verdant Terraces, encompassing about 1 million sq ft. Together, these projects will add up to 3.3 million sq ft of inventory in FY26, primarily catering to buyers seeking 2- and 3-BHK homes in the mid-to-premium price bracket.

Mana Projects has a rich history in Bengaluru, having already delivered around 8 million sq ft of residential projects. These developments have included 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 the luxury bracket of ₹2–4 crore, while also selectively developing marquee homes above ₹4 crore.

Right Life Phase 2 is being planned as a child-centric township situated between Bommasandra and Whitefield, in a micro-market that is home to around 150 schools. Reddy noted, “We are seeing strong traction from parents who want to live close to good schools and within a community built around that ecosystem.” Mana Verdant Terraces, another township, 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 more scope today. We see a lot of upgradation happening in 2 and 3 BHK homes, with people moving from smaller standalone buildings to branded townships,” he said. This trend is visible across IT-driven markets such as Bengaluru and Hyderabad, where end-users are seeking better amenities, security, and integrated communities.

Alongside the housing segment, Mana Projects has also ventured into commercial real estate. 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. Reddy stated, “We will also have high-street retail and a mall that we will develop ourselves. Customers today prefer a mixed-use ecosystem where they can live, work, and access retail within the same township.”

Mana Projects is also witnessing rising interest from non-resident Indians (NRIs), particularly in light of global developments such as changes in US immigration policies and taxation. “Typically, around 20% of our portfolio comes from NRIs, and in the last couple of years, we have seen about a 5% uptick in demand from them,” Reddy noted. 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,” he added.

According to Reddy, south-east Bengaluru, between Electronic City and Whitefield, and parts of north Bengaluru are currently the most preferred investment destinations for NRIs.