Bengaluru Set for Massive Housing Wave as Mana Projects Announces 3.3 Million Sq Ft Launch
Bengaluru Set for Massive Housing Wave as Mana Projects Announces 3.3 Million Sq Ft Launch
Mana Projects plans to develop 3.3 million sq ft of mid-segment housing in Bengaluru by FY26, with new townships on Sarjapur Road and the Bommasandra–Whitefield belt, alongside upcoming mixed-use and commercial developments.

Table of Contents

  1. Introduction
  2. Child-Centric and IT-Corridor-Focused Townships
  3. Mid-Segment Housing Leads Demand
  4. Expansion into Commercial Real Estate and Mixed-Use Ecosystems
  5. Growing NRI Interest in Bengaluru's Residential Market
  6. Conclusion
  7. Faq's

Introduction

Bengaluru's residential market is witnessing growing activity in the mid-segment housing category, with Mana Projects announcing plans to develop 3.3 million sq ft of new residential space by the end of FY26. The upcoming portfolio will include homes priced between ₹1.7 crore and ₹3 crore, targeting buyers seeking 2-BHK and 3-BHK configurations in the mid-to-premium bracket.

The company is preparing to roll out two major townships by January 2026. Right Life Phase 2 will account for around 2.3 million sq ft, while Mana Verdant Terraces will add approximately 1 million sq ft, collectively contributing to the FY26 development pipeline. Over the years, Mana Projects has delivered nearly 8 million sq ft across Bengaluru, spanning apartments, villas, and select premium residences. The brand continues to focus primarily on the ₹1.5-2 crore mid-range category, along with select luxury offerings in the ₹2-4 crore segment and a limited number of marquee developments above ₹4 crore.

Child-Centric and IT-Corridor-Focused Townships

Right Life Phase 2 is being designed as a child-centric residential ecosystem in a belt located between Bommasandra and Whitefield, an area known for its concentration of schools. The project is expected to appeal to families seeking community living with access to quality educational infrastructure. Meanwhile, Mana Verdant Terraces is coming up along Sarjapur Road, one of Bengaluru's key IT-linked residential corridors that continues to attract end-users and investors.

Beyond FY26, the roadmap includes an additional 4 million sq ft under the next phase of the Right Life development, along with another 3 million sq ft residential project on Sarjapur Road currently in the design stage. The company is also exploring opportunities for a 6-7 lakh sq ft project in Jakkur and is preparing to expand its footprint toward Kanakapura Road in the coming year.

Mid-Segment Housing Leads Demand

The mid-segment price bracket continues to demonstrate strong momentum in Bengaluru, driven largely by upgraders moving from smaller standalone buildings to larger, amenity-rich townships. According to the company leadership, the ₹1.5-2 crore category currently displays the healthiest demand curve, especially among buyers seeking better security, facilities, and integrated community living. Markets such as Bengaluru and Hyderabad are witnessing similar trends across IT-centric residential clusters.

While luxury housing remains an important part of the portfolio, it continues to be positioned as a niche segment, with limited-volume projects that focus on design, exclusivity, and premium experiences.

Expansion into Commercial Real Estate and Mixed-Use Ecosystems

Alongside residential development, Mana Projects has also entered the commercial office segment. Work is underway on Mana Capital, a 5 lakh sq ft office project in Sarjapur, which is expected to be completed in about 18 months. Within the Right Life development, plans include approximately 4 million sq ft of Grade-A office space, along with retail, healthcare, and high-street commercial components.

The objective is to create mixed-use townships where residents can access workspaces, shopping, and essential services within the same ecosystem. Such integrated formats are increasingly shaping purchase decisions among urban homebuyers looking for convenience-led living environments.

Growing NRI Interest in Bengaluru's Residential Market

The developer is also witnessing rising participation from non-resident Indians, supported by steady rental yields and Bengaluru's position as a major hub for global capability centres. Over the last couple of years, NRI contribution to sales has seen a notable uptick, with many overseas buyers viewing residential assets as long-term investments for eventual relocation. Key micro-markets attracting this segment include south-east Bengaluru, the stretch between Electronic City and Whitefield, and select pockets of north Bengaluru.

Conclusion

Bengaluru's residential market continues to evolve on the back of strong end-user demand, township-led development, and growing interest in mid-segment housing. With its upcoming 3.3 million sq ft pipeline and an expanding focus on integrated, mixed-use ecosystems, Mana Projects is positioning itself to cater to both upgrade-driven homebuyers and long-term investors. The company's planned residential and commercial expansions across key growth corridors underscore the city's shift toward community-centric, convenience-oriented urban living, reinforcing Bengaluru's status as one of India's most resilient and opportunity-rich real estate markets.

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