Daijiworld Media Network – Mumbai
Mumbai, Feb 10: Bengaluru-based real estate major Sattva Group has formally entered the Mumbai Metropolitan Region (MMR) with plans to redevelop six residential and commercial projects, targeting a total revenue of around Rs 11,000 crore over the next seven years.
In a statement issued on Tuesday, the company said the projects span over 8 million sq ft of construction area and mark a significant expansion of its footprint beyond southern India. The developments, awarded through competitive evaluation processes, are located in prime areas including Parel (Sewri), Prabhadevi, Goregaon East, Vile Parle West, Powai and the Bandra Kurla Complex (BKC) vicinity.
Through these six redevelopment projects, Sattva Group expects to deliver over 2,500 rehabilitation homes along with more than 2,000 newly constructed residential units.
The company said construction across the portfolio is scheduled to commence in 2026 and will be executed in phases until 2032, with the first project expected to be completed by 2028. The estimated gross development value of the projects stands at approximately Rs 11,000 crore.
Commenting on the expansion, Sattva Group Managing Director Bijay Agarwal said Mumbai is at a crucial stage of urban transformation, driven by the need to replace ageing structures with safer and more sustainable housing. “Redevelopment requires clarity, discipline and long-term commitment — values that have been central to Sattva’s growth over the past three decades,” he said.
Sattva Group is among the leading real estate developers in India, having delivered 78 million sq ft of built-up area, with over 71 million sq ft currently under construction across multiple cities.
Recently, the group launched a public issue of a Real Estate Investment Trust (REIT) and has listed Knowledge Realty Trust (KRT) as a co-sponsor along with long-term partner Blackstone. KRT comprises 46 million sq ft of Grade A office assets spread across six cities.
Apart from real estate development, Sattva Group has diversified interests in co-working, co-living, education, hospitality, data centres and warehousing segments.