India, June 24 -- Bengaluru-based real estate developer MAIA Estates plans to launch over 4 million sq ft of new housing and commercial projects this financial year, backed by an investment of Rs.3,000 crore, founder and CEO of the company, Mayank Ruia told HT.com.

With this expansion, the company's total development footprint in Bengaluru is expected to exceed 2.5 million sq ft by year-end.

"The upcoming projects will span across a wide price range, starting from Rs.2 crore and going up to Rs.12 crore, with high-end residences priced above Rs.15,000 per sq ft," Ruia said.

Among the developer's recent highlights is the completion of its flagship residential asset, 27 Summit, delivered in 3.5 years. Positioned in the super-luxury segmen...