Project Launch and Key Details
Mana Projects has launched Mana Verdant Terraces, a residential development located in East Bengaluru, Karnataka, with a reported gross development value (GDV) of Rs 1,724.72 crore. The launch was reported on 13 September 2026 by Prop News Time. No further details on unit configuration, total area or construction timeline were available in the source reporting.
| Detail | Information |
|---|---|
| Project Name | Mana Verdant Terraces |
| Promoter | Mana Projects |
| Location | East Bengaluru, Karnataka |
| Gross Development Value | Rs 1,724.72 crore |
| Sub-sector | Real Estate — Residential |
Mana Projects' Existing Bengaluru Pipeline
Projects India tracks five additional active schemes for Mana Projects across Bengaluru and its urban periphery. These include Mana Jardin Neo at Sarjapur (Rs 87 crore), Mana Dale — a high-rise complex at Kodathi (Rs 229 crore), a residential complex at Gattahalli (Rs 80 crore), a residential apartment expansion also at Gattahalli (Rs 30 crore), and a residential apartments project at Doddakannahalli (Rs 158 crore). Mana Verdant Terraces, at Rs 1,724.72 crore GDV, represents a substantially larger declared value than any of these individually tracked schemes.
Karnataka's Position in India's Real Estate Pipeline
Karnataka is the third most active state in Projects India's real estate tracking database, with 1,192 live projects recorded. Maharashtra leads nationally with 4,071 tracked schemes, followed by Gujarat at 1,226. Tamil Nadu (787), Telangana (765) and Uttar Pradesh (736) round out the top six states by project count.
Across all tracked construction projects in India, the real estate sub-sector alone accounts for 12,922 live schemes. Of these, 170 were added to the database in the last 90 days, reflecting continued project origination activity across the country.
Stage Breakdown: Where Opportunity Sits Nationally
For suppliers and contractors assessing where work is likely to be procured, the stage distribution of real estate projects tracked by Projects India is instructive. Of 12,922 live schemes:
- Early / Announced: 3,151 projects — the broadest early-engagement window for suppliers
- Planning: 3,107 projects — design, consultant and material-specification decisions are typically made at this stage
- Construction Started: 2,992 projects — active on-site procurement and subcontracting
- Completed: 2,112 projects
- Under Approvals: 987 projects — regulatory clearances pending before construction commences
- Nearly Completion: 240 projects — finishing trades and fit-out procurement
The near-equal distribution across Early/Announced, Planning and Construction Started stages means that at any given point, a supplier engaging early with projects in the first two categories can position ahead of formal tendering. Projects India tracks all stages to support that workflow.
What this means for suppliers and contractors
A project with a GDV of Rs 1,724.72 crore represents a significant volume of construction activity in East Bengaluru. Suppliers of structural materials, finishing products, mechanical and electrical systems, and landscaping services should note the project's entry into the market. While no construction stage has been formally assigned to Mana Verdant Terraces in the current reporting, the launch announcement indicates early-stage status, making this a relevant moment for supplier outreach.
East Bengaluru has seen sustained residential development activity, and Mana Projects' track record across multiple concurrent schemes in the Bengaluru urban area suggests an established procurement process. Contractors and equipment suppliers active in Karnataka's residential segment can view all tracked projects on the Projects India platform to monitor pipeline developments and prioritise engagement.
With nearly 6,300 real estate projects nationally sitting at Early/Announced or Planning stages, and a further 2,992 under active construction, the medium-term order book across the sector remains substantial. Karnataka's 1,192 tracked projects place it among the more active markets outside Maharashtra and Gujarat, reinforcing its relevance for suppliers looking to diversify their regional exposure.
Frequently asked questions
What is the GDV of Mana Verdant Terraces in East Bengaluru?
Mana Verdant Terraces, launched by Mana Projects in East Bengaluru, carries a reported gross development value of Rs 1,724.72 crore. The launch was reported on 13 September 2026. No further breakdown of the project value was available in the source reporting.
How many real estate projects does Mana Projects have in Bengaluru?
Projects India tracks five additional Mana Projects schemes in Bengaluru and its urban periphery, including Mana Jardin Neo, Mana Dale and projects at Gattahalli and Doddakannahalli, with declared values ranging from Rs 30 crore to Rs 229 crore individually.
How many real estate projects are tracked in Karnataka?
Projects India tracks 1,192 live real estate projects in Karnataka, making it the third most active state in the database after Maharashtra (4,071) and Gujarat (1,226).
