12+ years of experience Budgeting

Job Description
12+ years of experience QS & Budgeting

About Maia Estates
At MAIA, we don't just build real estate - we build trust, aspirations, and future-forward lifestyles. Established in 2016 by Mayank Ruia in partnership with the Manipal Group, MAIA Estates is redefining the real estate narrative in India through a distinctive blend of intelligent design, meticulous planning, and conscious development.

In under a decade, we've earned recognition from prestigious global institutions including the International Property Awards, Asia Pacific Property Awards, and Luxury Lifestyle Awards — but what drives us is deeper: a relentless pursuit of excellence, an unwavering commitment to transparency, and a belief that thoughtful design can meaningfully shape the way people live.

With a portfolio that reflects both innovation and integrity, MAIA has emerged as one of Bangalore's most respected names in premium residential and commercial real estate. Every space we create is a testament to our core philosophy that true luxury is crafted with purpose, precision, and a deep sense of responsibility.

Our Founder and CEO, Mayank Ruia, brings over 20 years of global expertise in finance and real estate, with a track record that includes the planning and development of over 7.8 million square feet of residential real estate in Bengaluru and other cities, with marquee developments such as the 27 Summit, Pelican Grove, Kessaku, One Bangalore West, amongst others. His leadership, honed through tenures at Goldman Sachs, UBS, and Everstone Capital, is rooted in customer-centric thinking and operational excellence.

Joining MAIA means stepping into a culture that values bold ideas, meticulous execution, and long-term sustainable impact. We're not here to follow trends, we're here to set them. We're not just building for today; we're building for the future.

So, if you're looking to be part of a company and where purpose, performance, and passion go hand in hand - MAIA is where your next chapter begins.

OUR FLAGSHIP PROJECT

27 Summit – MAIA's flagship residential development off Richmond Road, Central Bangalore )

The Beacon – MAIA's first commercial development on the banks of Nagavara Lake, North Bangalore

Casa Sia – MAIA's entry into Chennai at Parathasarathy Garden, off Poes Garden, Central Chennai )

Pelican Grove – MAIA's debut residential development on the banks of Jakkur Lake, North Bangalore )

Pelican Gardens – MAIA's next chapter on the banks of Jakkur Lake, North Bangalore

The Seven – MAIA's foray into South Bangalore, nestled in historic Basavanagudi's cultural core

CORPORATE OFFICE LOCATION

Ulsoor Road, Central Bangalore

OUR PEOPLE FIRST STRATEGY

A sense of autonomy in your domain of work

A greater purpose

Accelerated career growth for top performers

Competitive total rewards package

YOUR IMPACT

Playing a lead role in Budgeting team. Prepare the budget for a project before the start with a systematic approach to enable management to take decisions regarding the financial viability of the project. Approved Budgets lead to cash flows to the project, ensuring smooth operations and execution of works at project site.

Key Responsibilities
Cost Estimation & Analysis:

Develop accurate cost estimates for high-rise residential projects from preliminary design through construction completion

Perform detailed quantity surveying and material take-offs for all building elements including structure, architecture, MEP, landscaping, and infrastructure

Prepare comprehensive cost breakdowns for different project phases and building components

Conduct feasibility studies and cost-benefit analysis for design alternatives and construction methodologies

Create and maintain standardized estimation templates and cost databases for residential projects

Budget Planning & Management
Formulate detailed project budgets aligned with design specifications and quality requirements

Establish budget allocation frameworks across different work packages and project phases

Monitor budget performance through regular tracking, analysis, and reporting mechanisms

Implement cost control measures and early warning systems for budget deviations

Coordinate budget revisions due to scope changes, design modifications, or market conditions

Financial Control & Monitoring
Establish robust financial control systems for tracking project expenditures

Prepare monthly financial reports, cash flow projections, and cost forecasting

Monitor contractor payments, material procurement costs, and overhead expenses

Conduct variance analysis between planned and actual costs with corrective action plans

Ensure compliance with financial policies, procedures, and audit requirements

Contract Management Support & Vendor Management
Assist in preparation of tender documents and technical specifications for cost optimization

Evaluate contractor and supplier quotations for technical compliance and commercial viability

Support negotiation processes to achieve optimal pricing while maintaining quality standards

Maintain vendor database with current market rates and performance history

Coordinate with procurement team for strategic sourcing and cost reduction initiatives

Risk Management & Compliance
Identify potential cost risks and develop mitigation strategies

Ensure compliance with local building codes, regulations, and statutory requirements

Monitor market trends and material price fluctuations impacting project costs

Prepare contingency plans for cost escalation scenarios

Maintain documentation for audit trails and regulatory compliance

Required Qualification
Educational Background:

Bachelor's degree in Civil Engineering, Quantity Surveying, Construction Management, or equivalent

Post-graduation in Construction Management or Project Management preferred

Professional certifications (PMP, RICS, NICMAR) advantageous

Professional Experience
Minimum 12 years of progressive experience in construction estimation and budget management

Substantial experience in high-rise residential projects (minimum 20+ floors)

Proven track record managing budgets for projects valued at ₹200+ crores

Experience with Bengaluru real estate market dynamics and local construction practices

Technical Expertise
Advanced proficiency in estimation software (AutoCAD, Revit, CostX, WinQS)

Expert-level skills in MS Excel, MS Project, and database management

Knowledge of project management tools (Primavera P6, MS Project)

Understanding of BIM applications for quantity extraction and cost modeling

Familiarity with ERP systems for financial management and reporting

Specialized Knowledge
Comprehensive understanding of residential construction systems and modern building technologies

Knowledge of local material suppliers, contractors, and market rates in Bengaluru

Understanding of RERA regulations, building approvals, and compliance requirements

Experience with sustainable construction practices and green building certifications

KEY COMPETENCIES

Leadership & Management
Team leadership experience managing estimation and budget control teams

Ability to mentor junior professionals and build departmental capabilities

Strong stakeholder management skills across internal and external parties

Analytical & Strategic Thinking
Exceptional analytical skills for complex cost modeling and financial analysis

Strategic thinking for long-term budget planning and cost optimization

Problem-solving abilities for resolving estimation and budget challenges

Communication & Collaboration

Excellent written and verbal communication skills in English and local languages

Presentation skills for management reporting and stakeholder meetings

Collaborative approach for cross-functional team coordination

Reporting Relationships

Reports To: Vice President – Projects

Direct Reports: Senior Estimation Engineers, Budget Analysts, Cost Consultants

Matrix Reporting: Project Managers, Design Teams, Procurement Heads

Performance Metrics

Accuracy of cost estimates (within ±5% of actual costs)

Budget adherence across project portfolio

Cost savings achieved through optimization initiatives

Timeliness of financial reporting and budget updates

Team development and capability building

Career Progression

This role provides pathway to senior positions including Head of Estimation, Project Director, for construction operations, with opportunities to lead larger portfolios and strategic initiatives.

MAIA is proud to be an equal opportunity workplace and does not discriminate anyone on grounds of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability or gender identity. At MAIA, we're committed to building a workforce that is more representative of the users we serve and creating a culture where everyone feels like they belong. Visit our website to learn more about our ethos and values.