Quantity Surveyor & Budgeting

JOB DESCRIPTION

12+ years' 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.

https://www.maiaestates.in/

OUR FLAGSHIP PROJECT

27 Summit – MAIA’s flagship residential development off Richmond Road, Central Bangalore (https://27summit.com/)

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 (https://maiacasasia.com)

Pelican Grove – MAIA’s debut residential development on the banks of Jakkur Lake, North Bangalore (https://maiapelicangrove.com/)

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.