Mahaveer Group

Mahaveer (flagship of Reddy Structures Pvt. Ltd.) is a Bengaluru-headquartered real estate developer with 25+ years of experience focused primarily on residential developments across South India. Led by Founder & Chairman Praveen Kumbala, MD Meda Nishanth Reddy and CEO Devadas Mundhra, the group has delivered 96+ projects and employs ~575 people. Notable projects include large-scale Mahaveer Ranches (Sarjapur), Mahaveer Highlands (Kommaghatta) and Mahaveer Turquoise (Electronic City); HQ on Residency Road, Bengaluru.

Founded in 1998, Mahaveer has built its portfolio steadily over 25+ years — early projects include Mahaveer Rose (launched 2008) and later launches such as Mahaveer Zephyr (2014), Meridian (2015), Sitara (2016) and recent launches Highlands (2022) and Hillstone (2023). The firm reports 96+ projects with 8 ongoing developments, showing continuous activity since inception.

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Developer Projects

The developer focuses predominantly on residential real estate — apartments (1–4 BHK), penthouses and plotted developments — spanning budget to premium/luxury segments. Project scale ranges from individual towers to large townships (example: Mahaveer Ranches — 15 acres, ~1,090 units), mainly concentrated in Bengaluru with select projects in Hyderabad.

Mahaveer HighlandsResidential Community | Apartment

KommaghattaNearBangalore

Mahaveer RanchesResidential Community | Apartment

HosaOffBangalore

Mahaveer TurquoiseResidential Community | Apartment

BasapuraOffElectronicBangalore

Mahaveer SitaraResidential Community | Apartment

JP7thBangalore

Mahaveer HillstoneResidential Plots | Plot

BegurBangalore

Mahaveer FortuneResidential Community | Apartment

BeforeGollarapalyaMagadiBangalore

Mahaveer NorthscapeResidential Community | Apartment

NorthBangalore

Mahaveer MeridianResidential Community | Apartment

KothanurJPBangalore

Mahaveer ZephyrResidential Community | Apartment

BommanahalliBangalore

Mahaveer TridentResidential Community | Apartment

BegurBangalore

FAQ

Who are the owners ?

Mr. Praveen Kumbala — Chairman & Founder
Mr. Meda Nishanth Reddy — Managing Director
Mr. Devadas Mundhra — Chief Executive Officer
Mr. Prabhudev Hosangadi — General Manager
Mr. Samir Halder — Assistant General Manager
Mr. Sibanarayan Samanta — Senior Purchase Executive

(Note: The group operates as the flagship of Reddy Structures Pvt. Ltd.; specific equity ownership details are not provided in the supplied information.)

When was the company founded ?

Founded in 1998. Total experience: 25+ years of operations and project delivery in the South Indian real estate market.

Is this a public company ?

No — the developer is presented as the flagship initiative of Reddy Structures Pvt. Ltd., and there is no indication it is publicly listed. Financial snapshot available:

Reported revenue: $100.2M
Total funding: ~$76.8M; most recent funding: $58.7M (2 rounds)
Affiliated finance arm ratings: ICRA BBB+ Stable, CRISIL BBB Stable, CARE BBB+ Stable

(These items indicate private ownership with institutional funding and an investment-grade rated finance affiliate, but not a public listing.)

Which are the builder's popular projects ?

Mahaveer Ranches (Hosa Road, Off Sarjapur, Bengaluru) — Large-scale township: ~15 acres, 10 towers, ~1,090 units; completed.
Mahaveer Highlands (Kommaghatta Circle, Near Kengeri Satellite Club, Bengaluru) — 1/2/3 BHK apartments (647–1,447 sq.ft.), launched Oct 2022, possession starts Sep 2026.
Mahaveer Turquoise (Basapura, Off Hosur Road, Electronic City) — 3.50 acres, 310 units (1 & 2 BHK sizes); location in Electronic City.
Mahaveer Sitara (JP Nagar, 7th Phase) — 2/3/4 BHK ready-to-move apartments (1,531–2,862 sq.ft.), launched 2016.
Mahaveer Hillstone (Begur Mylasandra) — Residential plots (1,200–2,400 sq.ft.), launched Feb 2023, possession starts Mar 2025.

(Other completed and ongoing projects exist across Bengaluru and Hyderabad; the list above highlights large-scale and recent/flagship developments.)

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